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Keyword: economics

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  • Art Laffer: Trump Should Win Easily

    07/23/2016 11:48:27 AM PDT · by Jim 0216 · 50 replies
    weeklystandard.com ^ | JUL 19, 2016 | FRED BARNES
    Art Laffer is a famous economist, one of the brains behind President Ronald Reagan's supply-side tax cuts in 1981. But he was also a political adviser to Reagan and other presidential candidates. Based on history rather than polls or demographics, he insists Donald Trump will win the presidential race—and win easily. History is an argument not often heard in presidential elections except in one case: the likelihood that after one party holds the White House for eight years, that party probably won't win four more years. The one exception in the past half-century was the election of George H.W. Bush...
  • Laffer Curve Needs Change in Terminology From Government Speak to Individual Rights and Freedom

    07/23/2016 1:01:38 PM PDT · by Jim 0216 · 8 replies
    Love to see everyone enjoying the afterglow of this amazing GOP Convention. Haven’t felt like this politically since 1980. I think morning is once again coming to America. Art Laffer, economist, has analyzed Trumps chances and it brought up some thoughts I have on the Laffer Curve. I love the curve but I hate the terminology... Laffer and Reagan brought us an unprecedented and historic 25 years of growth and prosperity until the Left finally shut it down. Tax cuts are a must, but we need to flip the reasoning - we need to change the terminology and the paradigm...
  • Donald Trump to give economic speech Tuesday in (Monessen) Pennsylvania

    06/27/2016 10:35:59 AM PDT · by rightwingintelligentsia · 16 replies
    CNN ^ | June 27, 2016 | Daniella Diaz
    Washington (CNN) — Donald Trump will give an economic policy speech in Pennsylvania on Tuesday, his campaign announced Monday. Trump's address -- titled "Declaring American Economic Independence" -- in Monessen will be his first appearance on the campaign trail since his trip to Scotland, where he promoted his remodeled golf course. Monessen is a western Pennsylvania town located south of Pittsburgh and the venue is an industrial plant. A theme of Trump's campaign has been re-energizing American manufacturing, as well as fighting the side effects of globalization. Eric Trump, his son, teased Monday that his father will be making an...
  • Rio state government declares financial disaster as Olympics loom (games in danger alert)

    06/18/2016 6:15:37 AM PDT · by Zakeet · 23 replies
    Fox News ^ | June 18, 2016
    The acting governor of Rio de Janeiro's state government declared a state of financial disaster Friday in an effort to change budgetary priorities without disrespecting Brazil's fiscal laws. [Snip] [The governor's] office said in a statement that the decision was made because a dip in revenues from taxes and oil royalties was "stopping the state of Rio de Janeiro from honoring its commitment to the organization of the Olympic and Paralympic Games." He said the state is facing a "public calamity." "The financial crisis has brought several difficulties in essential public services and it could cause the total collapse of...
  • Minimum Wage vs. the Carwasheros: New York's new $15 wage floor pits man against machine.

    06/09/2016 9:29:35 AM PDT · by C19fan · 30 replies
    Reason ^ | June 9, 2016 | Jim Epstein
    Labor activists have long claimed that working conditions at New York City's car washes are the worst of the worst. In the Big Apple, an estimated 5,000 men scrub and vacuum other people's vehicles for a living. A decade ago, it was common for these so-called carwasheros, many of whom are illegal immigrants from Mexico and Latin America, to earn $3 per hour plus tips, with no extra pay for overtime. Straight cash, off the books. When demand peaked in the winter months, they would often put in 12 hours a day, six days a week. Regulators paid little attention,...
  • Illinois Legislature Overrode Rauner Veto To Pass New Chicago Pension Law

    05/31/2016 2:46:23 PM PDT · by ChicagoConservative27 · 5 replies
    On Monday, the Illinois legislature passed a bill lowering the amount the city of Chicago has to pay into police and firefighter pensions in 2016. To do this, the legislature overrode a veto from Gov. Bruce Rauner, confirming what we already knew: It's really, really, really, really hard to agree with Rauner about anything at this point. For no one would it be harder than Mayor Rahm Emanuel, once Rauner's buddy in vacationing and wine-sipping. Rahm became basically apoplectic when Rauner vetoed the pension bill on Friday, saying in a variety of press statements that Rauner's veto would trigger a...
  • The Most Powerful Wealth Generator There Is

    05/28/2016 1:46:22 PM PDT · by 2ndDivisionVet · 38 replies
    Arts Mechanical ^ | May 27, 2016 | JC Carlton
    Economist have a hard time understanding the causes of growth and wealth creation. For instance, economic theory, as much as it has tried, has yet to explain the industrial revolution. The weighty tomes of economists talk of “animal spirits,” or “the invisible hand” as if all that activity happens with no rhyme or reason. In the end they can’t explain or seem to understand the really important. This recent op ed in the WSJ gets it. Actually, the “we” of comparative enrichment includes most countries nowadays, with sad exceptions. Two centuries ago, the average world income per human (in present-day...
  • Price of corn flour in Venezuela soars 900 percent

    05/24/2016 9:03:28 AM PDT · by C19fan · 27 replies
    AFP ^ | May 24, 2016 | Staff
    Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour -- used to make corn patty arepas, a staple of local cuisine -- has risen 900 percent. The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).
  • Production of Coke halted in Venezuela for lack of sugar

    05/23/2016 3:32:18 PM PDT · by Red in Blue PA · 41 replies
    May 23 (Reuters) - The Venezuelan bottler of Coca-Cola has halted production of sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co spokeswoman said on Monday. Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation.
  • Fannie, Freddie and the Secrets of a Bailout With No Exit

    05/21/2016 7:26:36 AM PDT · by Lorianne · 8 replies
    New York Times ^ | 20 May 2016 | Gretchen Morgenson
    When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health. But now, with the unsealing of documents this week that were produced as part of a lawsuit filed against the government, new evidence is coming to light on how intimately the White House was involved in the Treasury’s decision in August 2012 to keep all the companies’ profits for the government. That move effectively maintained...
  • Economics Has Failed America

    05/20/2016 7:18:57 AM PDT · by drop 50 and fire for effect · 46 replies
    Foreign Policy ^ | 19 May 2016 | Daniel Altman
    When it comes to the impact of global trade, the dismal science has done a dismal job explaining how to help workers hurt by globalization. As a recovering economist writing on behalf of my erstwhile field, I would like to apologize to every American who has lost a job or a livelihood because of globalization. Economics has failed you. It has failed you because of ideology, politics, and laziness. It has failed you because its teachings are woefully incomplete, and its greatest exponents have done almost nothing to complete them. There are “positive” questions in economics that have mathematical answers...
  • Trump Voters: Not So Irrational: (Political scientist who applies the ‘rational choice’ theory... )

    05/07/2016 11:37:34 AM PDT · by Beautiful_Gracious_Skies · 38 replies
    The WallStreet Journal ^ | May 6, 2016 | Allysia Finley
    The political scientist who applies the ‘rational choice’ theory of economics to voters says there was a method to the GOP’s primary madness. Go to the source:
  • When the floor becomes the ceiling

    04/25/2016 1:00:08 PM PDT · by stocksthatgoup · 9 replies
    Vanity | 4/25/2016 | J Twohig
    JT Economic Law - when the floor becomes the ceiling! If you look back at the history of price supports you will find that price supports became a floor price for commodities. Producers would continue to work as long as they could make a profit at that base price. A good example is the history of milk price supports. Rarely did prices rise above the floor of support. So much milk was produced that much of it was diverted to the making of cheese. By setting the minimum wage or floor at $15, we will be producing an artificial ceiling...
  • Donation of surplus peanuts from US dismays Haiti farmers

    04/23/2016 8:53:00 PM PDT · by huldah1776 · 36 replies
    Fox News ^ | April 15, 2016 | AP
    MIREBALAIS, Haiti – The barefoot farmer oversees three teenage workers as they attack weeds with spades in a sunbaked field of peanut plants, a vital cash crop often grown on Haiti's marginal farmland. If he's lucky, Francois Merilus will reap a meager harvest amid a lengthy drought that has shriveled yields and worsened Haiti's chronic hunger. Now the subsistence farmer is dismayed by what he believes could be the latest challenge to his ability to eke out a living: free peanuts arriving from the U.S. as humanitarian aid. "Foreign peanuts can only make things harder for us," said Merilus, whose...
  • 10 Things to Do Before Age 40 to Retire Comfortably

    04/22/2016 10:01:15 AM PDT · by MtnClimber · 93 replies
    US News and World Report ^ | 21 Apr, 2016 | Maryalene LaPonsie
    You should check these items off your to-do list by 40 if you want to retire with enough money in the bank. A worker turning 40 today has 25 years to prepare for retirement by age 65. This may seem like a long time, but in terms of retirement preparation, it represents a swiftly closing door. Compound interest is most powerful when it has a longer term in which to work its magic, and workers who fail to practice good financial habits early in their career may find they run out of time to correct mistakes prior to leaving the...
  • Bernie: You Think I'm Radical? 'Read What the Pope Is Writing'

    04/08/2016 6:33:06 AM PDT · by governsleastgovernsbest · 25 replies
    NewsBusters ^ | Mark Finkelstein
    What does it say about Bernie Sanders--and the Pope--that when it comes to economics, Sanders sees Pope Francis as more "radical" than he is? Appearing on today's Morning Joe, Sanders discussed the news that he has been invited to visit the Vatican. Sanders mentioned that [other than on social issues] he is a "big, big fan of the Pope." Said Sanders: "people think Bernie Sanders is radical. Uh-uh. Read what the Pope is writing." Sanders went on to describe the Pope's views on economics: "he's talking about the idolatry of money, the worship of money, the greed that's out there...
  • GE chairman explains in op-ed: Bernie Sanders is a complete economic ignoramus

    04/07/2016 8:34:05 AM PDT · by Sean_Anthony · 20 replies
    Canada Free Press ^ | 04/07/16 | DAN Calabrese
    Our word, not his . . . but the message is unmistakable. Jeff Immelt has been around awhile as chairman and CEO of General Electric, and I’m sure Bernie Sanders is not the first blowhard politician he’s heard railing against big business without the slightest idea of how or why major companies do the things they do. So maybe it’s because Sanders is getting so much attention, or maybe it’s because he’s even more spectacularly wrong than your average blowhard, but Immelt felt the need to respond when Sanders accused GE of “destroying the moral fabric” of America. And boy,...
  • Economic Miseducation

    04/06/2016 7:37:40 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 04/06/16 | Dr. Ileana Johnson Paugh
    There is no magical pot of gold at the end of the rainbow, nor another bubble that would bring in enough revenue to offset the very large budget and reduce the unpayable national debt I have taught basic principles of economics for thirty years to group after group of college students who were often cross-eyed, bored, running late, playing with their phones, angry that I gave them too many notes, “hard tests,” and too many assignments which interfered with their busy social lives. Many students were there just to get a grade and to complete their useless social studies degrees...
  • Business in America: The problem with profits (lack of competition)

    03/29/2016 2:19:55 AM PDT · by BlackAdderess · 13 replies
    The Economist ^ | March 26, 2016 | From the print edition
    AMERICA used to be the land of opportunity and optimism. Now opportunity is seen as the preserve of the elite: two-thirds of Americans believe the economy is rigged in favour of vested interests. And optimism has turned to anger. Voters’ fury fuels the insurgencies of Donald Trump and Bernie Sanders and weakens insiders like Hillary Clinton. The campaigns have found plenty of things to blame, from free-trade deals to the recklessness of Wall Street. But one problem with American capitalism has been overlooked: a corrosive lack of competition. -snip- The second step is to make life easier for startups and...
  • Bill Clinton and Milton Freidman Economics

    03/21/2016 9:02:47 PM PDT · by thesligoduffyflynns · 15 replies
    The American Mirror ^ | march 21,2016 | kyle olson
    http://www.theamericanmirror.com/video-bill-clinton-slams-awful-legacy-of-last-8-years/
  • To improve the economy, we don't need more govt programs, we need more entrepreneurs

    03/19/2016 11:13:19 AM PDT · by 4yourcountry · 22 replies
    Pulse ^ | 3/19/2016 | Williams
    Human beings have a restless edge, an impulse to tinker, to do things in a different way. And that fact is a huge and vital thing. Mankind is capable of original ideas, concepts that have not been conceived before—and those who attempt to suppress this create a prison of the mind and spirit. It is good to have books to read and a Rubik’s Cube to play with, but a prison it would nonetheless be if people couldn’t follow their own instincts and conscience. If they couldn’t leap into the unknown. That’s what business is all about....
  • Are we be better off with the thousands of factories shut down and millions of jobs lost?

    Are we be better off today with the thousands of U.S. factories that have shut down and millions of American jobs lost and the trillions in accumulated debt that we've run up in the last couple decades of free trade? And, of course, this is due to many factors including such things as: Big government Regulations High taxes Unions driving up costs Cheap labor overseas Fewer regulations overseas Lower taxes overseas Trade deficits etc., And doubly exasperated by poor trade deals? Or is this all a myth? Are we better off with cheaper foreign (cheap) goods, fewer U.S. factories, fewer...
  • Suggestions for a Trump Presidency: Issue $500 Bills

    03/05/2016 12:44:49 PM PST · by marktwain · 34 replies
    Gun Watch ^ | 6 March, 2016 | Dean Weingarten
    When I graduated high school, in 1969, a $20 bill had about as much value as a $100 bill today.  Inflation has taken a toll.  In 1969, $500 and $1,000 bills were still in reasonably common circulation.  They had been issued up until 1945.  With the turn toward ever increasing government snooping and tracking of financial transactions, the bills were taken out of circulation with an executive order by President Richard Nixon. It is long past due to bring the $500 bill back into common use. The European Union issues 500 Euro bills. Cash is useful for preserving privacy...
  • Free Speech and iPhone prices

    03/02/2016 4:41:28 PM PST · by SandwicheGuy · 20 replies
    http://www.sulit.com ^ | 2 March 2016 | Self
    iPhone prices overseas tanking in response to Justice Department ignoring the free speech clause in the Constitution and insisting Apple write code for them to unlock iPhones.
  • We Desperately Need a Twenty-First Century View of the Economy.

    02/21/2016 1:33:12 AM PST · by M. Dodge Thomas · 22 replies
    Evonomics ^ | 02-21-2016 | Nick Hanauer and Eric Beinhocker
    For everyone but the top 1 percent of earners, the American economy is broken. Since the 1980s, there has been a widening disconnect between the lives lived by ordinary Americans and the statistics that say our prosperity is growing. Despite the setback of the Great Recession, the U.S. economy more than doubled in size during the last three decades while middle-class incomes and buying power have stagnated.... (yet) for too many families, the American Dream is becoming more a historical memory than an achievable reality. These facts do not just highlight the issues of inequality and the growing power of...
  • Most Ordinary Americans in 2016 are richer than John D. Rockefeller was in 1916

    02/20/2016 9:40:43 PM PST · by County Agent Hank Kimball · 41 replies
    Cafe Hayek ^ | February 20, 2016 | Don Boudreaux
    This Atlantic story reveals how Americans lived 100 years ago. (HT Warren Smith) By the standards of a middle-class American today, that lifestyle was poor, inconvenient, dreary, and dangerous. (Only a few years later - in 1924 - the 16-year-old son of a sitting U.S. president would die of an infected blister that the boy got on his toe while playing tennis on the White House grounds.) So here's a question that I've asked in one form or another on earlier occasions, but that is so probing that I ask it again: What is the minimum amount of money that...
  • Charles Koch says he actually agrees with Bernie Sanders

    02/20/2016 2:26:20 PM PST · by TBP · 17 replies
    New York Post ^ | February 19, 2016 | Geoff Earle
    Billionaire Charles Koch’s political network plans to spend hundreds of millions to back Republicans in 2016, but he has penned an article agreeing with Democratic socialist Bernie Sanders about an economic system he calls “rigged to help the privileged few.” “He believes we have a two-tiered society that increasingly dooms millions of our fellow citizens to lives of poverty and hopelessness,” he wrote in the Washington Post. “He thinks many corporations seek and benefit from corporate welfare while ordinary citizens are denied opportunities . . . I agree with him.” But Koch offered a solution Sanders was sure to reject — stop...
  • A Generation of Politically Economic Re-education: Wall Street -vs- Main Street

    02/15/2016 10:07:54 AM PST · by SatinDoll · 7 replies
    The Conservative Treehouse ^ | Feb. 15, 2015 | Sundance
    During the last Republican debate the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan. In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal. In a sixty second response time, it is factually impossible to explain something we have discussed here before. Specifically, one of the larger hurdles Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods- based manufacturing and industry driven economic model. Interestingly, many people have referenced...
  • Why So Many Historians Agree With Ted Cruz On Gold

    02/09/2016 11:40:04 AM PST · by GodGunsGuts · 82 replies
    Forbes ^ | February 9, 2016 | Nathan Lewis
    Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...
  • The 0.7 Percent "Solution"

    02/06/2016 9:15:33 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 6, 2016 | Paul Driessen
    America's abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.This is "dead last compared to six other recession recoveries since 1960," Heritage Foundation economist Stephen Moore points out. They averaged a robust 4.0% while the Reagan era recovery averaged a "sizzling" 4.8% over six years. That means the Obama recovery lost $1.8 trillion (in constant 2009 money) that would have been pumped into the economy under an average recovery, and$2.8 trillion under a Reagan-style rebound, Moore says, citing a congressional...
  • Time to Break Our 'Addiction' to Fossil Fuels?

    02/06/2016 7:52:31 AM PST · by Kaslin · 51 replies
    Townhall.com ^ | January 6, 2016 | Calvin Beisner
    How many calories do you consume each day? If you answered something like "2,000" or "3,000," you're kidding yourself. You consume about 60 to 90 times that many. True, you probably eat only 2,000 to 3,000 calories a day, but most of the calories you consume aren't from food. They're the energy you use when you turn on a light or computer, drive your car, use your cell phone, or do anything else requiring energy. If you're like the average American, you consume about 186,000 calories a day, and over 98% of it is machine energy. It serves you, minute...
  • The End of Economic Man, the Origins of Totalitarianism, a Book Review

    01/15/2016 8:00:14 PM PST · by tbw2 · 12 replies
    Hubpages ^ | 01/15/2016 | Tamara Wilhite
    Peter Drucker wrote the first version of this book during Hitler's rise to power. Most explanations for the rise of fascism focused on political reasons or economic ones, while Drucker explains the social movements that made leaders like Mussolini and Hitler possible. It also explains what is (and isn't) fascism, how they hobble their own economies, and the social warpage they create. Peter Drucker updated "The End of Economic Man" in the 1960s, seeing horrifying parallels between the 1960s activism and the 1930s. And while history does not repeat, it rhymes - and this book explains the social trends that...
  • Minimum Wage Dishonesty

    01/13/2016 4:56:35 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | January 13, 2016 | Walter Williams
    Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 nationally ranked economists on the question of whether raising the federal minimum wage to $15 over the next five years would reduce employment opportunities for low-wage workers. The Senate Budget Committee's blog says, "Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage." It lists...
  • Unappreciated Tax on the Poor

    01/06/2016 5:24:24 AM PST · by Kaslin · 32 replies
    Townhall.com ^ | January 6, 2016 | Walter E. Williams
    A few years ago, BET had a commentary titled "Where Are the Grocery Stores in Black Neighborhoods?" One wonders whether anyone thinks that the absence of supermarkets in predominantly black neighborhoods means that white merchants do not like dollars coming out of black hands. Racial discrimination cannot explain the absence of supermarkets in black communities. Compare the operation of a supermarket in a low-crime neighborhood with that of one in a high-crime neighborhood. You will see differences in how they operate. Supermarkets in low-crime neighborhoods often have merchandise on display near entrances. They may have merchandise left unattended outside...
  • What You Need to Know About "The Big Short"

    12/31/2015 10:11:53 AM PST · by Kaslin · 48 replies
    Townhall.com ^ | December 30, 2015 | John C. Goodman
    One of the most intriguing movies I've seen in a long time is The Big Short. It's about the housing bubble and what we now call the Great Recession, based on Michael Lewis's bestselling book "The Big Short: Inside the Doomsday Machine." The main characters are money managers who not only realized that the housing bubble was being supported by unsustainable subprime mortgages, but also found a way to make millions of dollars from the inevitable crash. Here are 10 things moviegoers need to know. Lesson 1: There will always be bubbles. Vernon Smith is an economist who won a...
  • Christmastime in Moscow with Vladimir Putin

    12/23/2015 7:15:49 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 28 | Rachel Marsden
    MOSCOW -- Walking around downtown Moscow at Christmastime in the wake of a press conference with Russian President Vladimir Putin, I was struck by a distinct feeling of deja vu from my Canadian childhood. Not since then had I heard so much English-language Christmas music infusing the cold, crisp air, or seen so many decorations everywhere that include crosses and religious symbols as well as secular reminders of the season. There is no "war on Christmas" here. Russia is moving in the opposite direction from the West in critical ways: There's a sense here that Putin is trying to preserve...
  • Sarcastic Definition of the Day: Economics

    12/21/2015 10:58:07 AM PST · by The Looking Spoon · 3 replies
    American Irony ^ | 12-21-15 | The Looking Spoon
  • Should Obama and Hillary be disqualified from office for being on a “Terror watch list”?

    12/01/2015 11:40:16 AM PST · by Torcert · 17 replies
    12/1/2015
    Should Obama be impeached and removed from office for being on a Terror watch list? With terrorism in the news the Democratic national socialist party has once again trotted out one of it's perennially favorite scams: The "terror watch list" issue. They have few concerns about the importation of terrorist 'Refugees' [and future illegal Democratic voters] and the down play the threat of ISIS (Daesh) but suddenly become agitated over the possibility of using those issues against their enemies. Yes, there nothing like a serious crisis that can be used for crass political gain to energize the Democratic national socialist...
  • Black Friday sales fall 10% from last year

    11/30/2015 1:32:04 PM PST · by Lorianne · 30 replies
    Guardian UK ^ | 28 November 2015
    Total sales in the US on Black Friday fell 10% to $10.4bn this year, down from $11.6bn in 2014, according to research firm ShopperTrak. The decline in sales on the traditional busiest shopping day of the year has been blamed on shops opening the day before. But this year, sales on Thanksgiving also dropped, and by the same percentage, to $1.8bn. A big reason for the decline is increased online shopping, as Americans hunt down deals on their smartphones, tablets and computers. Many retailers are also offering bargains long before Thanksgiving, limiting the impact of Black Friday specials.
  • Even in Chavez's hometown, Venezuela 'revolution' ails before election - "Chavistas destroyed us"

    11/27/2015 10:08:06 PM PST · by Cincinatus' Wife · 5 replies
    Yahoo ^ | November 27, 2015 | Alexandra Ulmer
    ........."We were 'Chavistas'," said Julio Coromoto...a workman next to a queue of dozens at a shabby supermarket."But they destroyed this town.".... Nationwide polls predict voters will punish the socialists next month, possibly taking away their majority in the National Assembly for the first time since Chavez took power in early 1999.To hold on to loyalists, the government is milking Chavez's legacy at every turn, re-naming voting centers after him, splashing his smiling face on billboards and filling state television with his most rousing speeches.In Barinas, his brother Argenis and cousin Asdrubal are running for the legislature, hoping to follow in...
  • Obamacare Endures the Death of a Thousand Facts

    11/23/2015 3:42:52 AM PST · by rootin tootin · 17 replies
    American Spectator ^ | 11/23/2015 | David Catron
    Until the 19th century, the Chinese practiced a method of torture called lingchi. Better known as “death by a thousand cuts” it involved slicing small pieces of flesh from a victim’s body, one by one, so that death was both protracted and utterly excruciating. This is what the realities of economics are doing to the Patient Protection and Affordable Care Act. The authors of health care “reform” believed they could ignore the dismal science. The laws of economics have rewarded this hubris by ruthlessly inflicting fact after agonizing fact on Obamacare. And, like all lingchi victims, it will eventually succumb....
  • Here is what we are up against.(leftist drivel from comment at economic collapse blog)

    11/15/2015 1:44:12 PM PST · by dynachrome · 11 replies
    theeconomiccollapseblog.com ^ | 11-15-15 | "Marcel"
    If you sit around believing the right wing radio propaganda that the wealthy know what's best for us then be prepared to suffer the fate that many others have suffered under the oppression of aristocrats in the past. But we live in a Democratic Republic overwhelmingly dominated by voters who are not wealthy. So its pretty simple to go out and vote for our own interest every couple of years-- without the need for any mass protest or even any union participation. We could raise the incomes of the poorest by simply passing laws to raise the minimum wage. Many...
  • Republican Fault Lines: The debate exposed where the candidates differ on economics.

    11/12/2015 1:41:20 PM PST · by EveningStar · 6 replies
    The Wall Street Journal ^ | November 12, 2015 | Editorial
    Tuesday's Republican presidential debate wasn't the most entertaining, but it was the most educational. The two-hour session gave the candidates a chance to critique the Obama record, as well as tease out the GOP's economic fault lines.
  • Candidate Marco Rubio Tries To Hide His Support For Trans-Pacific Trade [TPP] Deal…

    11/11/2015 1:56:43 PM PST · by SatinDoll · 15 replies
    The Conservative Treehouse ^ | Nov. 11, 2015 | Sundance
    Ted Cruz isn’t the only presidential candidate trying to hide his support of the globalist trade deal known as TPP. Marco Rubio is trying a similar approach at avoidance. It would appear that both Rubio and Cruz have recognized that not only is TPP unpopular, but their support for TPP has the potential to expose their hidden alignments with Wall Street globalists. This election will be won/lost around this issue – watch. Marco Rubio - enters race( Via Breitbart ) Marco Rubio declared the Trans-Pacific Partnership to be one of three essential “pillars” of a Rubio Presidency—is now taking issue...
  • Nobel Prize Committee to 'Discuss' Bitcoin Creator's Nomination

    11/11/2015 1:45:07 PM PST · by Another Post-American · 24 replies
    Coindesk ^ | 11/11/15 | Stan Higgins
    The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – known more commonly as the Nobel Prize in Economics – is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised the question of whether Chowdhry violated nomination rules by...
  • Walter Williams Scheduled as Guest on C-Span2's "In-Depth" Tomorrow

    10/31/2015 7:20:48 PM PDT · by Intolerant in NJ · 8 replies
    C-Span2 | 31 October, 2015 | Intolerant in NJ
    Walter Williams, conservative economist, professor, author, commentator, and occasional fill-in host for Rush Limbaugh, is the scheduled guest on C-Span2's "In-Depth" tomorrow, Sunday November 1. The show runs from noon until 3PM EST. It features discussion of Williams' writings and philosophy and responses to viewers' emails and call-ins. Williams' most recent book is American Contempt for Liberty. His other books include Race & Economics and Up from the Projects.
  • Injecting 200,000 Syrian Muslims Into America: Multicultural Chaos

    10/19/2015 10:04:18 AM PDT · by RightSideNews · 54 replies
    Right Side News ^ | October 19. 2015 | Frosty Wooldridge
    By Frosty Wooldridge “Tolerance and apathy are the last virtues of a dying society,” said French historian-philosopher Voltaire. Within the next 24 months, John Kerry and Congress, abetted by Barack Obama, expect to import 200,000 Syrian Muslim refugees into our country. That’s on top of the usual 1,000,000 (million) legal refugee immigrants expected to land on our shores in 2016 and another 1,000,000 (million) more in 2017. That’s on top of the 100,000,000 (million) total legal immigrant refugees projected to land on our shores within 30 years.  (Source: US Population Projections by Fogel/Martin; PEW Research Center) Ironically, you won’t hear a...
  • Republican Candidates Versus The New York Times: Why Isn’t the Economy Growing Faster?

    10/03/2015 6:48:16 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 3, 2015 | John C. Goodman
    Until we entered the Great Recession, most economists regarded Keynesian economics as a relic of the past. You could still find it discussed in some introductory textbooks. But, as University of Chicago economist John Cochrane points out, it wasn’t on the syllabus in any of the leading graduate schools. Then came the most serious downturn since the Great Depression and something living economists had never seen before: interest rates that were near zero and in some cases negative. Keynes himself speculated that the economy could become stuck in a liquidity trap – where monetary policy is ineffective and only fiscal...
  • The Jacki Daily show 9/27/2015, interview with Scott Tinker

    09/27/2015 10:15:47 AM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | 09/27/15 | Jacki Daily Show
    Listen to Jacki's interview with Scott Tinker, Director of the Bureau of Economic Geology at University of Texas in Austin. Scott Tinker, University of Texas in Austin
  • The Economic Fallacies of Progressive Christianity

    09/26/2015 6:31:19 PM PDT · by SeekAndFind · 8 replies
    National Review ^ | 09/26/2015 | David French
    When it comes to considering the arguments of newly resurgent Christian progressives, we hold these truths to be self-evident: Jesus was not a socialist, the Bible is not an economics textbook, and while scripture commands believers to help the poor, it also commands the poor to help themselves. As Pope Francis gains rock-star status on the economic left, Christians would do well to remember not just scripture, but the economic reality of recent world experience. This morning, the pope addressed Congress with relative restraint. Rather than decrying the perceived excesses of global capitalism — calling it, as he once...