Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $84,531
96%  
Woo hoo!! And now less than $3.5k to go!! Let's git 'er done!! Thank you all very much!!

Keyword: economics

Brevity: Headers | « Text »
  • ‘Strong Roots Nebraska’ Plan Would Boost Economic Outlook

    02/27/2015 2:55:21 PM PST · by ThethoughtsofGreg · 1 replies
    American Legislator ^ | 2-27-15 | Ben Wilterdink
    The recent state of Nebraska’s tax and fiscal policy climate has been lackluster compared to other states in the region. In the most recent edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index Nebraska ranks 35th (1 being the best, 50 being the worst), which is the poorest economic outlook ranking in the region. Nebraska has been slowly falling behind its neighbors, especially South Dakota and Wyoming—two states without any income taxes—and Kansas improving its economic climate with major recent tax reform. Nebraska has also lost $2.58 billion in adjusted gross income (AGI) to other states from 1992...
  • Hillary Clinton’s War on Women

    02/23/2015 8:06:40 AM PST · by DeweyCA · 6 replies
    Washington Free Beacon ^ | 2-23-15 | Brent Scher
    Hillary Clinton portrays herself as a champion of women in the workforce, but women working for her in the U.S. Senate were paid 72 cents for each dollar paid to men, according to a Washington Free Beacon analysis of her Senate years’ salary data. Snip “Politicians like Hillary Clinton and Barack Obama can’t have it both ways,” Perry said. “They use raw, aggregate, unadjusted gender differences in pay and then claim that those pay gaps are the result of gender discrimination, like the 23 percent national gender pay gap in aggregate median income.” “They would then have to admit that...
  • Sweden cuts rates below zero as global currency wars spread

    02/12/2015 3:34:09 PM PST · by NRx · 30 replies
    The Telegraph ^ | 12 Feb 2015 | Ambrose Evans-Pritchard
    Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap. The bank presented the move as precautionary step due to rising risks of a “poorer outcome abroad” and the crisis in Greece. Janet Henry from HSBC said the measures are clearly a “beggar-thy neighbour” manoeuvre to weaken the...
  • Spontaneous Order

    02/11/2015 6:04:52 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 11, 2015 | John Stossel
    Most of life happens without a central planner. Yet people think we need one. Suppose you'd never seen a skating rink, and I told you that I want to lay down some ice and charge people money to strap sharp blades on their feet. They will zip around on the ice -- young and old, skilled and unskilled. My only rule: Go counter-clockwise. Hillary Clinton would say the rink needs regulation. She calls herself "a government junkie." Government junkies like government plans. Hillary'd probably demand that my rink have an official who tells skaters when to zoom left or right,...
  • Asia shares stumble as weak China trade stokes growth worries

    02/08/2015 4:38:15 PM PST · by Red in Blue PA · 9 replies
    TOKYO (Reuters) - Asian shares wobbled on Monday after dismal Chinese trade data eclipsed a strong U.S. jobs report, raising concerns about a deepening slowdown in the world's second-largest economy and sending the Australian dollar sliding. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent with Australian shares (.AXJO) down 0.5 percent in early trade. U.S. stock futures also shed 0.4 percent (ESc1).
  • [Seattle's $15] Minimum wage limbo keeps [liberal] small business owners up at night

    02/07/2015 8:47:21 PM PST · by grundle · 69 replies
    kuow.org ^ | May 22, 2014 | Deborah Wang
    Jody Hall, owner of Cupcake Royale, was an early supporter of the mayor's plan to raise the minimum wage to $15. Now she is having serious second thoughts.Hazel Roos, owner of Paint Away in Redmond, had planned to open a specialty toy store near her home in Seattle. Those plans are now on hold. Ethan and Angela Stowell own 10 neighborhood restaurants in Seattle. They have decided not to move forward on two new restaurants because of uncertainty over the minimum wage. As the Seattle City Council continues to debate a plan to phase in a $15 minimum wage, and...
  • When Leftwing Economists Gruber and Krugman Practiced Economics

    02/05/2015 7:37:45 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 5, 2015 | Larry Elder
    resident Barack Obama, in his State of the Union speech, called for a minimum-wage hike and for government-mandated paid family and medical leave. "We are the only advanced country on Earth," said the President, "that doesn't guarantee paid sick leave or paid maternity leave to our workers." On the minimum wage, Obama issued this challenge: "And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, try it. If not, vote to give millions of the...
  • Top 10 Reasons George Soros is Dangerous

    04/02/2011 4:34:49 PM PDT · by opentalk · 23 replies
    Human Events ^ | April 2, 2011 | Human Events
    Human Events’ readers, in an online poll, recently voted billionaire financier George Soros “the single most destructive leftist demagogue in the country.” Here are the Top 10 Reasons George Soros Is Dangerous1. Gives billions to left-wing causes: Soros started the Open Society Institute in 1993 as a way to spread his wealth to progressive causes. Using Open Society as a conduit, Soros has given more than $7 billion to a who’s who of left-wing groups. This partial list of recipients of Soros’ money says it all: ACORN, Apollo Alliance, National Council of La Raza, Tides Foundation, Huffington Post, Southern Poverty...
  • 5 Ways the Middle Class Is Getting Screwed

    02/01/2015 5:24:27 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | February 1, 2015 | John Hawkins
    When Democrats talk about middle class Americans, they almost inevitably use them as a cudgel to attack the rich. On the other hand, bizarrely, Republicans seem to spend much more time defending the rich from attacks by the Left than talking about what they’re going to do to help the middle class. That’s unfortunate because middle class Americans are the backbone of the country; yet their interests always seem to take a backseat to those of the wealthy, the poor and the naked self-interest of BOTH political parties. There’s nothing wrong with giving the poor a hand-up or making sure...
  • Ignoring history, Obama falsely claims that raising the capital gains tax yields higher tax revenue

    01/26/2015 3:01:44 AM PST · by grundle · 12 replies
    wordpress ^ | January 24, 2015 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Ignoring history, Obama falsely claims that raising the capital gains tax yields higher tax revenue The Washington Times recently reported:Obama’s State of the Union speech to include $320B tax hike proposalPresident wants capital gains rate, bank fees raisedPresident Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.Previewing Mr. Obama’s State of the Union address to Congress on Tuesday night, aides said the president will propose raising the top tax rate...
  • Obama’s Middle Class Economics A Disaster

    01/22/2015 6:11:01 AM PST · by LeoMcNeil · 4 replies
    Leo McNeil ^ | January 22, 2015 | Leo McNeil
    President Obama believes that “middle class economics” work. This meaningless tag line must have been popular in focus groups. What exactly qualifies as “middle class economics”? Based on the President’s State of the Union speech and the lead up to it, it apparently entails a bunch of big government programs provided to the middle class for “free.” Unlike the lower classes, who pay very little in taxes, the middle class likely isn’t fooled by the ruse of “free.” Most in the middle class understand that free means taxes are increased, likely on them. While the President offered a few middle...
  • Poachers Use Cyanide to Massacre Over 300 Elephants in Zimbabwe

    10/21/2013 7:05:53 PM PDT · by DogByte6RER · 31 replies
    The Telegraph ^ | 20 Oct 2013 | Peta Thornycroft, and Aislinn Laing
    Poachers kill 300 Zimbabwe elephants with cyanide • Cyanide has been used to kill 300 elephants in Zimbabwe's biggest nature reserve - three times the original estimate - as new photos show the scale of the slaughter Poachers in Zimbabwe have killed more than 300 elephants and countless other safari animals by cyanide poisoning, The Telegraph has learned. The full extent of the devastation wreaked in Hwange, the country's largest national park, has been revealed by legitimate hunters who discovered what conservationists say is the worst single massacre in southern Africa for 25 years. Pictures taken by the hunters, which...
  • [Vanity] SnagItAll -- Reflections on Software, Markets, and Government

    01/19/2015 5:25:40 AM PST · by grey_whiskers · 12 replies
    grey_whiskers | 1-19-2015 | grey_whiskers
    The other day at work I was working on Windows 7 and opening an XML document by right-clicking on the mouse and going to the menu to choose “Windows XML reader” and then, once it was open, to save it to Excel. At some point during the process, I noticed a menu item appear that read “Use SnagIt.” I thought this was interesting since the last time I had used SnagIt, was when it was a proprietary stand-alone application. And I thought to my self, first, “Hey, that’s great! I’m glad it’s available”...and then, coming to, “Hey! Wait a minute!...
  • Economic Lessons from Scandinavia

    01/18/2015 1:09:56 PM PST · by Kaslin · 13 replies
    Townhall.com ^ | January 18, 2015 | Daniel J. Mitchell
    In my younger years, I oftentimes would have arguments with statists who wanted me to believe that countries in Northern Europe like Sweden “proved” that generous welfare states were compatible with economic prosperity. That doesn’t happen as often today because the Nordic nations in recent decades have not enjoyed rapid growth. Moreover, some of the nations – such as Sweden in the early 1990s and Iceland last decade – suffered from serious financial downturns.So I stand by my position that free markets and small government are the recipe for prosperity.That being said, there are still some interesting lessons to be...
  • Economic Recovery, Free Enterprise, and Keystone

    01/12/2015 5:36:25 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | January 12, 2015 | Star Parker
    Now that the U.S. economy is showing signs of life, President Obama is not wasting a moment to take credit for this recovery. “The steps we took nearly six years ago to rescue our economy and rebuild it on a new foundation helped make 2014 the strongest year for job growth since the 1990’s,” he said in a recent speech. For sure we can expect the president to continue this message in his upcoming State of the Union address, as he works to rebuild his credibility, thinking toward his final two years in office and his place in history. And...
  • Venezuelan military tells customers not to take pictures of empty shelves in supermarkets

    01/10/2015 4:38:36 AM PST · by grundle · 23 replies
    wordpress ^ | January 10, 2015 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Venezuelan military tells customers not to take pictures of empty shelves in supermarkets The Venezuelan military has troops stationed in supermarkets, and they are telling customers not to take pictures of empty shelves. But that hasn’t stopped people from doing it. During the first week of 2015, the Twitter hashtag #AnaquelesVaciosEnVenezuela (“Empty shelves in Venezuela”) listed more than 200,000 tweets.For example: (posted here under fair use from https://twitter.com/Indiferencia/status/551547489565016064/photo/1 ) Nicolas Maduro, the country’s president, has continued the policies of Hugo Chavez, the country’s previous president who died in March 2013.Chavez was an incompetent, communist dictator, who...
  • Econ book acclaimed by left based on faulty premise, factual errors, study finds

    01/06/2015 4:27:38 PM PST · by Bob · 18 replies
    Fox News ^ | January 06, 2015 | Maxim Lott
    A book by a French economist who became a darling of 99 percenters and his lefty peers is riddled with errors, cherry-picked data and flawed premises, according to two new studies. Thomas Piketty's “Capital in the 21st Century,” which New York Times columnist and Nobel-prize winner Paul Krugman called “the most important economics book of the year — and maybe of the decade,” calls for an 80 percent income tax to stop wealth inequality from increasing. The book earned its author an invitation to the White House to meet with Obama administration Treasury Secretary Jack Lew. ... ... The recent...
  • Hurts So Good: When Exactly Are Falling Prices Bad?

    01/06/2015 12:08:44 PM PST · by Kaslin · 55 replies
    Townhall.com ^ | January 6, 2015 | Peter Schiff
    The sudden fall in the price of oil provides a unique opportunity to examine the widely held belief that deflation is economic poison. As many governments and central banks have vowed to fight deflation at all costs in 2015, the question could hardly be more significant. While falling prices may strike the layman as cause for celebration, economists believe that it can kick off a nasty, and often inescapable, negative cycle, which many believe leads inevitably to a prolonged recession, or even a depression. However, these same economists acknowledge that falling energy prices may offer a stimulus, equivalent to an...
  • Does Income Inequality Even Matter?

    01/06/2015 4:34:33 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | January 5, 2015 | Gannon LeBlanc
    The income gap and income inequality is a hot button topic in the United States that has taken center stage in political debates and college classrooms in recent years. Economic Nobel Laureates Joseph Stiglitz and Paul Krugman have argued in The New York Times that income inequality is a major issue that requires political action to remedy. President Obama even hails income inequality as “the defining challenge of our time.” So what real problems does the income gap propose for American citizens and the country’s future, why is it such a major issue, and what can be done about it, if anything at...
  • Why 'Buy Local' Is Really Bad Economics

    12/30/2014 5:33:44 AM PST · by SeekAndFind · 23 replies
    RCM ^ | 12/30/2014 | By Brian Brenberg & Chris Horst
    Coca-Cola's "Share a Coke" campaign is the latest effort by multinational companies to de-emphasize their global reach. By replacing the logo on its cans with colloquialisms and common names in markets it serves, one of the world's most recognizable brands is hoping to look and feel a bit more "local."Coke's marketing strategy is just one example of companies responding to growing public sentiment that buying local is synonymous with doing good. Indeed, more than 150 groups representing more than 30,000 U.S. businesses are promoting ‘buy local' campaigns with slogans like "Don't Buy from Strangers, Buy from Neighbors." Of course, suspicion...
  • Excerpt from Socialism, by Ludwig von Mises

    12/28/2014 6:00:12 AM PST · by theBuckwheat · 28 replies
    Mises Institute free book ^ | 1932 | Ludwig von Mises
    From Socialism, by Ludwig von Mises (1951, Originally written in German, 1932) Part V, Deconstructionism, Chapter I, The Motive Powers of Desconstructionism, Section 1, The nature of deconstructionism. To the socialist, the coming of Socialism means a transition from an irrational to a rational economy. Under Socialism, planned management of economic life takes the place of anarchy of production; society, which is conceived as the incarnation of reason, takes the place of the conflicting aims of unreasonable and self-interested individuals. A just distribution replaces an unjust distribution of goods. Want and misery vanish and there is wealth for all-- so...
  • An Autopsy for the Keyenesians

    12/23/2014 12:24:46 AM PST · by iowamark · 19 replies
    Wall Street Journal ^ | 12/21/2014 | John Cochrane
    This year the tide changed in the economy. Growth seems finally to be returning. The tide also changed in economic ideas. The brief resurgence of traditional Keynesian ideas is washing away from the world of economic policy. No government is remotely likely to spend trillions of dollars or euros in the name of “stimulus,” financed by blowout borrowing. The euro is intact: Even the Greeks and Italians, after six years of advice that their problems can be solved with one more devaluation and inflation, are sticking with the euro and addressing—however slowly—structural “supply” problems instead. U.K. Chancellor of the Exchequer...
  • Putin: West wants to defang, declaw Russian bear

    12/19/2014 1:49:17 AM PST · by Berlin_Freeper · 39 replies
    AP ^ | December 18, 2014 | LAURA MILLS and VLADIMIR ISACHENKOV
    Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursday to shore up the plummeting ruble and revive the economy within two years. While he issued a litany of sharp rebukes against the West, Putin struck a conciliatory note on Ukraine, saying that the rebellious east should remain part of the country, backing a quick exchange of war prisoners and praising his Ukrainian counterpart. The mixture of blistering anti-Western rhetoric and constructive signals appeared to indicate that Putin is eager to negotiate a face-saving solution to the Ukrainian crisis, but has no...
  • We need more babies! Seriously, this is a problem

    12/11/2014 6:42:24 PM PST · by Salvation · 56 replies
    Finance.yahoo.com ^ | 12-11-14 | Jake Novak
    We need more babies! Seriously, this is a problem Commentary by Jake Novak We just learned that the U.S. birthrate fell for the sixth straight year in 2013 to an all-time low. Pardon me for sounding a bit alarmist, but this is really bad news for our economy, our society, and all of civilization. Let's start with the economy. I know a lot of us have been brainwashed into thinking that our natural and manufactured resources are shrinking. We're often told that we have a choice of either radically reducing our consumption or our population or we'll eventually run out...
  • Minimum wage dissent: San Jose's law resulted in lost jobs [many restaurants cut jobs and hours]

    12/10/2014 2:17:10 AM PST · by grundle · 28 replies
    San Jose Mercury News ^ | December 9, 2014 | Michael Saltsman
    San Jose's new minimum wage took effect on March 13, 2013, although employers had the previous three months to prepare for the increase. That year, the unemployment rate for young adults in the San Jose metro area jumped sharply by six percentage points -- from 14 percent in 2012 to 20 percent in 2013... Meanwhile, the overall unemployment rate in the same area fell by nearly two percentage points, suggesting that young adults suffered while others did quite well. ... an EPI survey of 163 restaurants in San Jose, 45 percent of which cut employee hours and 42 percent of...
  • The Oil Glut And An Inevtiable Oil Price Rebound

    12/03/2014 5:02:23 AM PST · by thackney · 28 replies
    Oil Price ^ | 01 December 2014 | James Hamilton
    The world is awash in oil, I’m hearing. The problem is, it’s fairly expensive oil. Take for example Canada. The country that has managed to increase its production of oil by a million barrels a day over the last decade. But almost all of that increase has come from oil sands. If you consider only conventional crude oil, Canadian production today would be a third of a million barrels a day lower than at its peak in 1973. Even without counting environmental costs, that stuff’s not cheap. It was profitable when West Texas Intermediate was over $90. But last week...
  • The Steep Cost of the Ferguson Riots

    12/03/2014 6:27:29 AM PST · by kimtom · 16 replies
    http://www.nationalreview.com ^ | December 2, 2014 | Thomas Sowell
    Everyone seems to have an opinion about the tragic events in Ferguson, Missouri. But, as Daniel Patrick Moynihan used to say, “You’re entitled to your own opinion, but you’re not entitled to your own facts.” Soon after the shooting death of Michael Brown, this 285-pound young man was depicted as a “gentle giant.” But, after a video was leaked, showing him bullying the owner of a store from which he had stolen some merchandise, Attorney General Eric Holder expressed displeasure that the video was leaked. In other words, to Holder the truth was offensive, but the........
  • Theresa May says tens of thousands held as modern slaves in Britain

    12/01/2014 8:22:45 PM PST · by familyop · 17 replies
    The Telegraph ^ | 29 Nov 2014 | Patrick Sawer
    As many as 13,000 people in Britain are being held in conditions of slavery, four times the number previously thought, it has been revealed. In what is said to be the first scientific estimate of the scale of modern slavery in the UK, the Home Office has said the number of victims last year was between 10,000 and 13,000. They include women forced into prostitution, domestic staff and workers in fields, factories and fishing boats.
  • Mika: Providers 'Shouldn't be Charging' for Aviation Wifi

    11/26/2014 5:25:16 AM PST · by governsleastgovernsbest · 32 replies
    NewsBusters ^ | Mark Finkelstein
    When the revolution comes, everything will be free! Mika Brzezinski gave us today some good insight into the liberal mind when it comes to economics. The Morning Joe host was reacting today to news that for Thanksgiving, Verizon will be giving travelers free wifi in flight and at several airports around the country. Mocked Mika: "thank you so much for something you shouldn't be charging us for anyway." View the video here.
  • Are Jobs Really Vanishing Because of Robots?

    11/15/2014 12:05:46 PM PST · by Kaslin · 46 replies
    Townhall.com ^ | November 15, 2014 | Mike Shedlock
    Are businesses are moving too quickly to robots? Is any job safe? Patrick Thibodeau at Computer World discusses the idea things are moving "too fast" with a review of Nicholas Carr's new book, The Glass Cage, Automation and Us. Please consider Automation Could Take Your Skills -- and Your Job by Patrick Thibodeau. The Glass Cage examines the possibility that businesses are moving too quickly to automate white collar jobs, sophisticated tasks and mental work, and are increasingly reliant on automated decision-making and predictive analytics. It warns of the potential de-skilling of the workforce, including software developers, as larger shares...
  • Why a leading financial analyst believes we will see the 'final destruction' of the dollar

    11/12/2014 8:19:51 AM PST · by fredericbastiat1 · 4 replies
    TheBlaze Books ^ | 2014-11-12 | Benjamin Weingarten
    "[If] the monetary authorities are intent on depreciating the currency, then I think that in the fullness of time they will succeed all too well. …The important thing about QE [quantitative easing] is this idea, this radical precedent is now on the books — the virus as it were is in the monetary bloodstream. ...all of this is…in the books as precedent, and the monetarists and Keynesians are rather preening about the evident success of these interventions, and we can be sure I think that they will not forebear to do more still next time. There will come a time...
  • Venezuela's Maduro to raise minimum wage

    11/08/2014 8:21:50 AM PST · by Oldeconomybuyer · 23 replies
    BBC News ^ | November 4, 2014
    Venezuelan President Nicolas Maduro says he will increase the minimum wage by 15% starting in December. The raise, the third this year, comes amid an annual inflation rate of 63.4%. Mr Maduro said the measure and other benefits meant workers would be better off despite the inflation, which he blamed on an "economic war" the opposition were waging against him. Mr Maduro says Venezuela's economic problems are created by a greedy elite which lives off the profits of smuggling and selling goods at inflated prices.
  • The 'invisible hand' has an iron grip on America (barf alert)

    11/05/2014 10:14:38 AM PST · by fishtank · 4 replies
    FORTUNE magazine ^ | 8-13-14 | Chris Matthews
    Those who are already wealthy have little to gain from economic interference. Others are reassured that by simply looking out for themselves they can work towards the greater good..... .... Indeed, there’s plenty of evidence that the invisible hand simply doesn’t exist. Take, for instance, two of the most important markets Americans participate in: healthcare and education. When shopping for either of these services, it’s very difficult for a shopper to actually know the quality or effectiveness of the product he is buying. For the “invisible hand” to work, customers have to actually know what they need so that they...
  • Hyperinflation - When Money Dies: Germany And Paper Money After 1910

    11/03/2014 5:59:17 AM PST · by blam · 9 replies
    Marketoracle.co.uk ^ | Nov 02, 2014 - 04:35 PM GMT | Mises
    November 02, 2014 MISES Marcia Christoff-Kurapovna writes: The story of the destruction of the German mark during the hyper-inflation of Weimar Germany from 1919 to its horrific peak in November 1923 is usually dismissed as a bizarre anomaly in the economic history of the twentieth century. But no episode better illustrates the dire consequences of unsound money or makes a more devastating, real-life case against fiat-currency: where there is no restraint, monetary death will follow. "It matters little that the causes of the Weimar inflation are in many ways unrepeatable; that political conditions are different, or that it is almost...
  • Everything Millennials Need To Know About Politics And Economics in 25 Quotes

    10/25/2014 5:19:54 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | October 25, 2014 | John Hawkins
    1) No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems — of which getting elected and re-elected are number one and number two. Whatever is number three is far behind. — Thomas Sowell2) We tolerate, even promote, many things we once regarded as evil, wrong, or immoral. And then we seek “explanations” for an act that seems beyond comprehension. Remove societal restraints on some evils and one can expect the demons to be freed to conduct other evil acts. —Cal Thomas3) What would...
  • Determines the Allocation of Scarce Resources in a Free Society

    10/22/2014 1:47:50 PM PDT · by FreedomFighter1013 · 16 replies
    citizen5408.com ^ | Saturday, August 09, 2014 | Greg C.
    A recently debate on Facebook required that I Voxsplain how a free society allocates resources to a group of feeling, sensing liberals who don't have the slightest idea of economics. In fact, when it comes to Economics, they resort to "magical thinking." I've often thought that it is easy to describe a Democrat: simply picture a Republican, then take away reason and accountability. (Hat tip to Mark Andrus, As Good As it Gets) So, I think it's rather funny that you guys want to lecture me on science, but you don't spend a minute thinking about the humble science of...
  • Ebola is an Economic Catastrophe

    10/22/2014 7:31:36 AM PDT · by Kaslin · 45 replies
    Townhall.com ^ | October 21, 2014 | Wayne Allyn Root
    Everyone has it wrong. Americans are frightened to death of the medical implications of Ebola- as well they should be. I’ve never in my lifetime seen a disease that has infected and killed so many healthcare professionals.Unfortunately I might have also been the first American to experience damage from Ebola to my “personal economy” 2 weeks ago. As a branding expert, I speak at business conventions and conferences all over the world. I had already been booked for weeks as the keynote speaker for an event in Dallas in early November. Then came the announcement that Thomas Duncan was being...
  • Embarrassing Economists

    10/22/2014 5:24:01 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | October 22, 2014 | Walter E. Williams
    So as to give some perspective, I'm going to ask readers for their guesses about human behavior before explaining my embarrassment by some of my fellow economists. Suppose the prices of ladies jewelry rose by 100 percent. What would you predict would happen to sales? What about a 25 or 50 percent price increase? I'm going to guess that the average person would predict that sales would fall. Would you make the same prediction about auto sales if cars' prices rose by 100 percent or 25 or 50 percent? Suppose that you're the CEO of General Motors and your sales...
  • The Liberal Environmentalist Nobody Knew Was Catholic

    10/21/2014 9:39:56 AM PDT · by millegan · 3 replies
    ChurchPOP ^ | Joseph Pearce
    Few realized when Small is Beautiful was published that E.F. Schumacher’s economic theories were underpinned by solid religious and philosophical foundations, the fruits of a lifetime of searching. In 1971, two years before the book’s publication, Schumacher had become a Roman Catholic, the final destination of his philosophical journey.
  • Socialist Party: There Should be a $20 Minimum Wage, But Our Employees Should be Exempt

    10/20/2014 9:53:22 AM PDT · by therightliveswithus · 16 replies
    Pundit Press ^ | 10/20/14 | Aurelius
    ...The Seattle Socialist Party is offering Web Developers employment at $13 an hour, despite pushing for a $20 minimum wage. Now, in a follow up interview, the party insists that it should not be held to its own standards. “We’re practicing what we’re preaching in terms of continuing to fight for the minimum wage,” Doug Barnes, the Freedom Socialist Party’s national secretary, told the Huffington Post. “But we can’t pay a lot more than $13." Apparently completely unaware of his own hypocrisy, Barnes added that he personally supports a $22 an hour minimum wage.
  • Bubble Trouble - What 2014 Demographic Trends Show About Urban Life (Harry Dent)

    10/02/2014 7:13:58 AM PDT · by blam · 12 replies
    TMO ^ | 10-2-2014 | Harry Dent
    October 02, 2014 Harry_Dent Demographic trends clearly show that as any emerging or more developed country urbanizes, people tend to have fewer kids. Urban life costs more and people tend to be more highly educated and naturally, they want to better educate their kids… so they choose to have one or two. Nearly 25% choose their well-paid careers and social life over having children. Almost all developed countries are experiencing a slowing down of their economies due to fewer kids and sluggish demographic growth. The best English-speaking countries like Australia, Singapore, Switzerland, Canada and New Zealand have offset such slowing...
  • Ukraine needs more financial help, IIF says

    09/23/2014 11:33:45 AM PDT · by Navy Patriot · 14 replies
    Rooters ^ | September 23, 2014 | Staff
    Ukraine will likely need to extend its IMF program to help the government pay its bills and also will require more support from other donors, especially the European Union, a global financial industry group said on Tuesday. Despite a recent ceasefire with pro-Russian separatists in eastern Ukraine, Kiev will suffer a double-digit recession this year, given the destruction of factories and other infrastructure and an increase in banks' capital needs, the Institute of International Finance said. Lubomir Mitov, the IIF's chief economist for emerging Europe, said Kiev would also likely need to restructure its debt to lengthen the maturities on...
  • Russia sanctions and the EU: What went wrong?

    09/23/2014 11:28:25 AM PDT · by Navy Patriot · 7 replies
    EU Observer ^ | September 23, 2014 | Dan Steinbock
    NEW YORK - Last March – after months of escalation in the Crimea and eastern Ukraine – President Obama initiated sanctions against Russia in financial services, energy, defense and related materials sectors.New sanctions ensued in July when Washington launched unilateral restrictions targeting powerful interests in Russia’s financial, energy, and military technology sectors. After Malaysia Airlines Flight 17 was shot down in Ukraine and 300 people perished, the EU also took a much tougher stance. In mid-September, the Obama administration and its European allies went further still with their sanctions. Now Washington, Brussels and Moscow are stuck in a vicious circle,...
  • Legalized Highway Robbery – How the Government can Seize the Property of Innocent Americans

    09/16/2014 2:07:00 PM PDT · by ThethoughtsofGreg · 23 replies
    American Legislator ^ | 9-15-14 | Cara Sullivan
    Last week, The Washington Post published “Stop and Seize,” a three-part series chronicling the government’s seizure of hundreds of millions of dollars in cash from Americans not charged with a crime. Asset forfeiture laws are designed to protect the public and deter crime by taking property gained through criminal activity. However, criminals are not the only ones who have their property confiscated. According to The Washington Post, since 2001, police have seized $2.5 billion in cash from people who were never charged with a crime. Law enforcement must retain their ability to prevent criminals from bearing the fruits of criminal...
  • The Blue States’ Economic Paradox

    09/10/2014 2:11:07 PM PDT · by ThethoughtsofGreg · 1 replies
    /amregister ^ | 9-10-14 | Ben Wilterdink
    Blue states have a problem. Although there are some recently notable exceptions, most vehemently oppose cutting taxes, favoring instead a tax-and-spend or top-down redistribution approach. They require high taxes to finance the pet projects they believe the market is too short-sighted to support, like Solyndra. At the same time, however, these big government states try to pursue goals of economic growth, even if they believe the best way to achieve growth is through central economic planning rather than free markets. Overwhelming economic evidence demonstrates that the best way to achieve robust economic growth is when citizens are able to save,...
  • Why Do Peacenik Liberals Make War on Business?

    09/09/2014 12:29:55 AM PDT · by Cincinatus' Wife · 32 replies
    The American Thinker ^ | September 9, 2014 | Christopher Chantrill
    "... we have lefty activists in full cry all across the nation demanding an increase in the minimum wage as the cure for inequality and a sluggish economy. And people believe them! Liberal journalist Norah O'Donnell asks Republican candidate Thom Tillis in North Carolina if a minimum wage of $7.65 an hour is “enough."Got any settled science on that, Norah?And what about the children?After two hundred years of a capitalism that has lifted the average person from an income of $3 per day to $100 per day,you would think that the educated, evolved people would have decided that the science...
  • Would liberals please explain why union workplaces are exempt from SeaTac’s $15 minimum wage law?

    09/07/2014 1:39:42 PM PDT · by grundle · 13 replies
    wordpress ^ | September 7, 2014 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Would liberals please explain why union workplaces are exempt from SeaTac’s $15 minimum wage law? The Washington Post recently published this article on the new $15 minimum wage law in SeaTac, Washington. The article states:“… union workplaces are exempt…”This exemption is wrong because the law is supposed to treat everyone equally.But also, it is an extreme example of hypocrisy. It was unions who got the ball rolling on this $15 minimum wage. It was unions who said that all workers should be paid at least $15 an hour.But now, these very same unions are getting an...
  • Steve Forbes says America’s in a ‘new abnormal’ — here’s why he thinks we’ll ‘emerge strong again’

    09/05/2014 6:17:49 AM PDT · by fredericbastiat1 · 2 replies
    TheBlaze Books ^ | 2014-09-05 | Benjamin Weingarten
    An extensive interview with Steve Forbes on the gold standard, economics and America's future. We touch on topics including among others: *The link between foreign policy/American strength and monetary policy *How currency devaluation helps the financial sector to the detriment of the rest of the American economy [Starting at 3:00] *The significance of a strong currency in enabling trade and thus trust, and social stability/morality *Why the historical record of the gold standard should trump the arguments of its naysayers *Whether politicians will ever be incentivized to truly support a sound dollar *Why quantitative easing was more disastrous than the...
  • An essential lesson for SEIU and all Americans on what happens when you raise the minimum wage

    09/04/2014 10:21:41 AM PDT · by fredericbastiat1 · 16 replies
    TheBlaze Books ^ | 2014-09-04 | Benjamin Weingarten
    "The question is not whether we wish to see everybody as well off as possible. Among men of goodwill such an aim can be taken for granted. The real question concerns the proper means of achieving it. And in trying to answer this we must never lose sight of a few elementary truisms. We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces."
  • 'Competitiveness' Outlook Ranks Michigan 12th Best

    09/03/2014 12:27:42 PM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 8/30/2014 | Mike LaFaive
    They 7th edition of “Rich States, Poor States” was released recently and it ranks Michigan 12th best among the 50 states for its “economic outlook” based on 15 public policy variables, such as tax, business and labor policies. The higher position may signal better economic times ahead for Michigan. This is the highest rank achieved by the Great Lake State since the index’s creation. Since 2009, Michigan has steadily moved from near the bottom (34th) to where it is now. The index is created from 15 variables that the authors believe contribute to a states’ economic well-being: marginal personal tax...