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Keyword: economics

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  • Women most responsible for gender pay gap

    04/11/2018 9:57:36 AM PDT · by VegasVictor · 34 replies
    Las Vegas Review-Journal ^ | April 11, 2018 | Victor Joecks
    The people most responsible for the much-hyped gender pay gap are women. Tuesday was Equal Pay Day, a chance for liberals to lament that women in America make only 80 cents — or 81 cents in Nevada — for every dollar a male makes. Activists say a woman has to work more than 15 months to make as much as a man did in 2017. The hyper-liberal National Partnership for Women and Families calculates this by comparing the median annual earnings of men and women working full-time. Democrats and the national mainstream media take this as proof positive that America...
  • Black Political Power Means Zilch

    04/11/2018 8:50:17 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 11, 2018 | Walter E. Williams
    It's often thought to be beyond question that black political power is necessary for economic power and enhanced socio-economic welfare. That's an idea that lends itself to testing and analysis.Between 1970 and 2012, the number of black elected officials rose from fewer than 1,500 to more than 10,000. Plus, a black man was elected to the presidency twice. Jason Riley, a fellow at the Manhattan Institute, tells how this surge in political power has had little beneficial impact on the black community.In a PragerU video, "Blacks in Power Don't Empower Blacks," Riley says the conventional wisdom was based on the...
  • The Baguette Shop: A Parable About Trade

    04/06/2018 1:53:40 PM PDT · by Thalean · 6 replies
    American Greatness ^ | April 5, 2018 | Spencer P Morrison
    You own an artisanal bakery that makes the best $2 baguettes in town. Business is booming. In fact, business is so good that a German bakery opens up across the street. You’re not worried: their $3 baguettes are good, but not that good. You’re sure you can outcompete them in good ol’ American fashion—and let’s be honest, who’s ever heard of German baguettes? A month later you notice baguette sales are down. Why? You walk across the street to compare sales with the German bakery, and you see a sign: “Baguettes Now $1.” How could they possibly afford to bake...
  • Discrimination and Disparities

    04/04/2018 6:45:08 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | April 4, 2018 | Walter E. Williams
    I don't mind saying that this column represents a grossly understated review of "Discrimination and Disparities," just published by my longtime friend and colleague Dr. Thomas Sowell. In less than 200 pages, Sowell lays waste to myth after myth not only in the United States but around the globe. One of those myths is that but for the fact of discrimination, we'd all be proportionately represented in socio-economic characteristics, such as career, income, education and incarceration. The fact of business is that there is no evidence anywhere on earth, at any time in human history, that demonstrates that but for...
  • Yes, Ben Shapiro is Still Wrong on Tariffs. Here’s Why

    03/19/2018 12:50:03 PM PDT · by Thalean · 53 replies
    American Greatness ^ | March 19, 2018 | Spencer P Morrison
    Shapiro claims that I favor “total state control of the economy” because I think it is possible to “simply pick the best industries and subsidize them.” Apparently, tariffs are Communism, and I am Stalin. . . Shapiro has it entirely backward: tariffs are the form of taxation most consistent with small government. . . tariffs are antithetical to big government because they preclude socialism. How? Tariffs make imports expensive. This encourages domestic production and discourages offshoring—thereby boosting demand for American labor. Basically, tariffs create stable jobs and increase wages for American workers... The key to solving this puzzle is recognizing...
  • Interstellar Trade Is Possible

    03/16/2018 9:36:20 PM PDT · by LibWhacker · 58 replies
    Tough SF ^ | 3/21/17
    Interstellar Trade Is Possible In this post, we will detail a method for developing interstellar trade using near-future technologies and commercially realistic requirements. We will then look at the various outcomes, challenges and development models that will follow the first interstellar operation. There is now a Summary at the end of the post. A tough taskTravel between stars is hard. The distances are measured in trillions of kilometers and the space between destinations is not really empty. Attempting the crossing at interplanetary speeds is ludicrously slow; the only way is to reach velocities measured in percentages of the speed of...
  • How China and Hong Kong’s Currencies Were Shaped by Spanish, Mexican Silver Dollars

    02/25/2018 6:36:08 PM PST · by nickcarraway · 7 replies
    South China Morning Post ^ | Wednesday, 07 February, 2018 | Stuart Heaver
    Many modern East Asian currencies have roots in Ming dynasty trade and Chinese traders’ faith in the Mexican silver dollar. Attempts to dislodge it, such as the Hong Kong-minted silver British dollar, were not always successfulAt the antiques market near the old Qingjing mosque in central Quanzhou, a city in China’s south-eastern Fujian province, it is sometimes possible to purchase unusual silver objects that reveal much about the currencies in circulation in East Asia today. On one stall, crammed with opium pipes, blue-and-white ceramics and jade trinkets, is a small, dome-shaped lump of metal in a rusty tin box. It...
  • State tax breaks: who benefits?

    PHOENIX -- Got stocks, land or similar investments? The state House voted Wednesday to give you a tax break when you sell those items. But how much you will pocket depends, quite frankly, on how much you make. And the 183 richest Arizonans -- those making more than $5 million a year -- will each walk away with an average of an extra $27,000. At issue are capital gains. That's the difference between what people pay for an investment against what they make when it is sold. By state law, the profits on anything held for less than a year...
  • America Could Cut Immigration by 90 Percent & Retain 100 Percent of the Economic Benefits

    02/23/2018 8:05:07 PM PST · by LibertyFound · 20 replies
    National Economics Editorial ^ | February 21st, 2018 | Spencer P Morrison
    Applying the Pareto Principle to the Immigration Debate Have you ever noticed that most of the people you work with are useless? Sure they seem busy, but most of them get precious little done. In fact, some of even them end up making work for model employees, like you—don’t they? If you’ve experienced this, then you understand how the Pareto Principle works—you just didn’t know it had a name. Also known as the 80:20 rule, the Pareto Principle stands for the idea that causality is not always linear: that is, there is not always a one-to-one relationship between cause and...
  • Econ-Talk; Russ Robert's talks with Jordan Peterson

    02/19/2018 8:34:54 AM PST · by Voption · 1 replies
    Jordan Peterson, author of 12 Rules for Life, talks about the book with EconTalk host Russ Roberts. Topics covered include parenting, conversation, the role of literature in everyday life, and the relationship between sacrificial rites and trade.
  • The "radical" case for abolishing student debt

    02/13/2018 10:15:29 AM PST · by Oldeconomybuyer · 52 replies
    CBS "News" ^ | February 13, 2018 | By AIMEE PICCHI
    The GOP tax bill is providing a $1.5 trillion windfall, which will mostly be enjoyed by the rich and corporations. But what if there were another way to spend that money that could benefit more middle-income Americans while eliminating some of the country's inequalities? Look no further than getting rid of America's student debt, argue researchers at Bard College's Levy Economics Institute. They examined the potential impact of canceling the $1.4 trillion in student debt that 44 million Americans are carrying. Erasing it would be a "radical" solution to the student debt crisis, but it would pay off in bountiful...
  • Mass Immigration Hurts Black America the Most

    02/05/2018 1:40:12 PM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 5, 2018 | Spencer P Morrison
    "There’s no such thing as a free lunch." In the nineteenth century American bar owners offered free lunches as a way to attract noontime patrons. Inevitably, the diners would get thirsty, and buy expensive drinks—they paid for their lunch one way or another. Thus the above expression. Prosaic though its origins may be, the phrase captures a deep and omnipresent truth: everything has a price, an opportunity cost, a trade-off. This is true of lunches, and it’s true of America’s immigration policy. Despite what The Economist claims, immigration does not benefit everyone—there are winners and losers. In America’s case, the...
  • The profitable business of selling to the hard-up

    02/05/2018 9:28:04 AM PST · by rightwingintelligentsia · 37 replies
    The Economist ^ | January 25, 2018
    “THEY want to build one every four miles,” says the cashier at Dollar General, a discount shop, in Lewisburg, a small town in the rolling hills of central Tennessee. Situated on a big parking lot, next to a provider of payday loans open 24 hours a day, a supermarket chain called Priceless and Dirt Cheap, another southern chain of discount shops flogging the unsold or returned merchandise of other retailers, the shop is one of three Dollar Generals in Lewisburg. Tennessee is the home state of Dollar General, which in recent years overtook its rivals to become the retailer of...
  • A Reflection on "What Leftists Don't Understand About Economics"

    01/28/2018 11:49:41 AM PST · by huckfillary · 9 replies
    Artful Dilettante ^ | January 28, 2018 | Artful Dilettante
    My comments are in response to an article which appeared yesterday entitled, What Leftists Don’t Understand about Economics, by Daniel Carter, of Investment Watch. Link below. Where do you want me to start? Liberals and their philosophical/political brethren understand little if anything about economics, and even less about the principles of Natural Law and Natural Rights which underscore free-market capitalism. Volumes have been written about Natural Rights beginning with Thales of Miletus in the 6th century B.C. He and the Seven Sages of Miletus, rather than the later Greeks Plato and Aristotle, are credited with giving philosophical birth to the...
  • What Leftists Don’t Understand About Economics

    01/27/2018 2:29:53 PM PST · by davikkm · 29 replies
    IWB ^ | Daniel Carter
    Much has been said recently about California becoming the most impoverished state in America. California has diminished the middle class so badly that one in four people are now living below the poverty line. The leftists have done this with the big government policies (I.e. high taxes and lots of regulation) they claim are good for the working class. When Trump slashed business regulations and lowered taxes for working people and corporations on the federal level, the left cried out that it was “trickle-down” economic policy. Sadly, “trickle-down” is essentially the only economic concept they know. Leftists in California, and...
  • Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    01/23/2018 1:09:48 PM PST · by Thalean · 26 replies
    National Economics Editorial ^ | Jan 23, 2017 | Spencer P Morrison
    Imagine the worst possible tax you can think of. What would it look like? If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it. But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it. I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not...
  • The New York Times is Wrong—Immigration Won’t Make America Great Again

    01/15/2018 2:33:48 PM PST · by Thalean · 25 replies
    National Economics Editorial ^ | January 14, 2018 | Spencer P Morrison
    In 1014 AD the Byzantine Emperor Basil II defeated the Bulgar hordes at the Battle of Kleidion. To ensure the Bulgars would never again rise up against him, Basil blinded the survivors—leaving every hundredth man with a single eye. The one-eyed led their brothers home, but mostly the blind led the blind. How many Bulgars were separated from their kin on their anabasis? How many died in the Thracian wilderness—food for worms and wolves? A hand slick with blood loses its grip, and in the frantic search for fingertips a dozen followers are led astray. Those behind don't panic. They...
  • Corporations may dodge billions in U.S. taxes through new loophole: experts

    01/12/2018 10:30:06 AM PST · by Oldeconomybuyer · 19 replies
    Reuters ^ | January 12, 2018 | by David Morgan
    WASHINGTON - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to...
  • Two Iranian Protesters Killed in Anti-Government Demonstrations

    12/31/2017 7:21:04 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | December 31, 2017 | Timothy Meads
    Two Iranian anti-government protesters have been killed, after three straight days of demonstrations against economic unrest and the Islamic regime. According to Fox News, these deaths come after the Iranian government warned its citizens that anybody who participated in an "illegal" gathering “must be responsible for their behavior and pay the price." "On Saturday evening, there was an illegal protest in Dorud and a number of people took to the streets responding to calls from hostile groups, leading to clashes,” said Habibollah Khojastehpour, the deputy governor of the western Lorestan province, according to Sky News. “Unfortunately in these clashes two citizens...
  • anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab...

    12/31/2017 7:02:38 AM PST · by TigerLikesRooster · 99 replies
    LiveLeak ^ | Dec-30-2017
    anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab (mohammad)" "Aryai hastim, arab nemiparastim" for the 3rd day iranians all over iran are protesting against the ruling Clerics (islam), after yesterday even the youth of irans "Most religious city" " Irans vatican " Qom joined the protests more and more cities are joining. The youth of Iran is sick of Islam and want go back to their roots ( pure iranian culture - Zoroastrianisim-Aryan identity) Today the most popular slogan was "Aryai hastim , arab nemiparastim " translation "...