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Keyword: economics

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  • Nobel Economics Prize for 2019 awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer

    10/14/2019 3:47:08 AM PDT · by C19fan · 19 replies
    Reuters ^ | October 14, 2019 | Staff
    Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty, the Royal Swedish Academy of Sciences said on Monday. “This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,” the academy said in statement.
  • The Rush To Renewable Energy Defies Science, Economics, And Common Sense

    09/24/2019 8:57:23 AM PDT · by SeekAndFind · 24 replies
    Issues and Insights ^ | 09/24/2019 | Henry I. Miller and Andrew I. Fillat
    Whether it’s the Green New Deal, in which climate change abatement is only one of several radical proposals, or the general brainwashing of the younger generations about the impending end of the world, the absence of rational analysis and the willful ignorance of facts is counterproductive. Rather than promoting a feasible approach to dealing with climate change, the magnitude of which remains uncertain, the focus is on unfeasible approaches and unachievable goals. Leaders from around the world will be at it in earnest this week during the United Nations Climate Action Summit 2019. Many approaches to climate change are analogous...
  • How the Myth of the 'Robber Barons' Began—and Why It Persists

    09/14/2019 9:38:24 AM PDT · by TBP · 42 replies
    The Foundation for Economic Education (FEE) ^ | Friday, September 21, 2018 | Burton W. Folsom
    We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the United States became the world’s leading economic power. Free markets worked well; government intervention usually failed. The years when this happened, from 1865 to the early 1900s, saw the U.S. encourage entrepreneurs indirectly by limiting government. Slavery was abolished and so was the income tax. Federal spending was slashed and federal budgets had surpluses...
  • America Needs Jobs, Not Chinese Imports

    09/12/2019 7:22:08 AM PDT · by Thalean · 13 replies
    American Greatness ^ | September 12, 2019 | Spencer P Morrison
    J.P. Morgan estimates that President Trump’s tariffs will cost American families up to $1,000 next year. We have heard this before and we’ll hear it again. But the fact is that tariffs have not yet—nor will they likely—increase the cost of living. Further, the myopic obsession with the price of goods ignores the more pressing problem: millions of Americans remain chronically unemployed, and millions more have been reduced to surviving on part-time McJobs and welfare. Turns out, cheap goods aren’t so cheap if you don’t have a job.
  • 'Trump only understands if somebody wins and somebody loses'

    09/02/2019 4:28:18 AM PDT · by Eleutheria5 · 88 replies
    Arutz Sheva ^ | 2/9/19
    ..... Speaking at the conference, Fischer said: "The problem with Trump's approach to trade is that he doesn't understand trade. Trump only understands if somebody wins and somebody loses. Both sides profit if they have a head on them and they know how to conduct negotiations." "I understand that Trump is an expert on this," he added. Fischer also mentioned the book "The Art of the Deal," authored by Trump or someone who wrote it "in his name." "That's not what happens in international trade," Fischer said about the book. "Trump....simply does not understand, and if he does understand then...
  • Poverty, the Compassion Cartel, and Environmental Racism

    08/24/2019 2:43:21 PM PDT · by Twotone · 13 replies
    American Policy Center ^ | August 5, 2019 | Tom DeWeese
    In 2006, I was surprised to find myself sitting at a formal dinner in the middle of a 200-year-old debating society at Cambridge University in England. In a few minutes I, and five others were about to engage in a debate over the usefulness of the United Nations. But here, for a few minutes longer, at the long dinner table with the crisp, white tablecloth, I was sitting next to one of my fellow debaters, Salis Shetty, the head of the UN’s Millennium Project. I had ignored him through most of the dinner, but with just a few minutes left...
  • Economic Reality Matters More Than Spin

    08/22/2019 6:48:16 AM PDT · by Kaslin · 3 replies ^ | August 22, 2019 | Scott Rasmussen
    Just over a week ago, market signals and several analysts suggested that the odds were increasing for a recession in 2020. Given that 73% of voters consider the economy a very important voting issue, it's no surprise that the new economic assessment quickly generated an intense political debate. President Donald Trump and chief economic adviser Larry Kudlow both made public statements about the strength of the economy. The political dynamics are pretty straightforward. If the country enters a recession prior to the next election, Trump is unlikely to get reelected, and congressional Democrats could have another big year. On the...
  • No, Trump's Tariffs Won’t Ruin Christmas

    08/06/2019 5:26:22 PM PDT · by Thalean · 7 replies
    American Greatness ^ | August 5, 2019 | Spencer P Morrison
    President Trump says he will impose a 10 percent tariff on $300 billion worth of Chinese imports beginning September 1. The tariff would affect consumer goods primarily, according to an analysis by Goldman Sachs. Cue the histrionics. The Washington Post laments that these tariffs will ruin America’s “holiday” shopping season. The Post cites a study claiming that the price of toys will rise by 17 percent, while the cost of laptops and tablets could increase by $120. Basically, President Trump is the Grinch who will steal Christmas by making toys too expensive. How could he do this to poor little...
  • Earth to Libertarians: Immigration Hurts American Workers

    08/04/2019 1:12:26 PM PDT · by Thalean · 13 replies
    American Greatness ^ | August 4, 2019 | Spencer P Morrison
    An Islamist, a Communist, and a libertarian walk into a bar. The Islamist says submission to Allah is the highest virtue and an ideal society adopts Sharia Law. The Communist strokes his grizzled beard in disagreement. “Religion is the opium of the people. What really matters is equality!” He then explains how Communism fixes inequality caused by bourgeois decadence. The Islamist nods approvingly—after all, decadence is sinful. Finally, the libertarian pipes up: “No, no. Individual liberty is what really matters! Sharia Law and communism are fundamentally immoral because they violate personal freedoms.” The Islamist and communist exchange a furtive glance...
  • Promoting women in peace processes

    08/03/2019 11:47:34 AM PDT · by Tolerance Sucks Rocks · 11 replies
    The Washington Times ^ | July 31, 2019 | Shea Garrison (Concerned Women for America)
    There are many issues Democrats and Republicans disagree on, but elevating women in peace negotiations should certainly not be one of them. Just a few weeks ago, the United States under the Trump administration became the first country in the world with a Women, Peace and Security (WPS) comprehensive law (2017) and strategy (2019) bringing women to the negotiating table in global peace efforts. This is something to be widely celebrated. I have proudly worked with women across the aisle to train, support and empower women around the world — because ending poverty and violence against women, and increasing their...
  • Harvard professor suspended after probe of sexual harassment claims

    07/28/2019 10:16:56 PM PDT · by grey_whiskers · 22 replies
    The New York Post ^ | July 10 2019 | Jackie Salo
    Harvard University has suspended an economics professor accused of sexual harassment after a probe determined he “engaged in unwelcome conduct,” according to a report. Roland G. Fryer Jr., 42, was placed on a two-year administrative leave and his campus research lab will permanently shutter as a result of the investigation, the Harvard Crimson reported Wednesday.
  • EXPOSED: Economist Reveals that John Maynard Keynes was a Pedophile

    07/28/2019 1:42:34 PM PDT · by dynachrome · 27 replies
    Big league politics ^ | 7-28-19 | Jose Nino
    However, one lesser known aspect about his life was his pedophiliac activity. Economist Saifedean Ammous’ book, The Bitcoin Standard, details some interesting factoids about Keynes’ life. Ammous started off by detailing how the family unit is destroyed by government largesse: Substituting the family with government largesse has arguably been a losing trade for individuals who have partaken in it. Several studies show that life satisfaction depends to a large degree on establishing intimate long-term familial bonds with a partner and children. Many studies also show that rates of depression and psychological diseases are rising over time as the family breaks...
  • Dow Industrials Close at Record High

    07/03/2019 10:06:29 AM PDT · by abb · 54 replies
    The Dow Jones Industrial Average closed at a record on Wednesday, notching its fourth straight session of gains.
  • Labor is NOT the number one cost of manufacturing.

    07/03/2019 11:24:29 AM PDT · by central_va · 60 replies
    Rush Limbaugh Show ^ | 7/3/19 | free republic
    Rush is spreading false economic assertions again. Labor is NOT the biggest manufacturing cost. For example cars, even if union labor is used, the cost per vehicle is only 8% on average. I posting this to prove that we are selling out US workers for a few pennies on the dollar!!
  • A well-deserved honor for Arthur Laffer: The Presidential Medal of Freedom

    06/25/2019 9:41:48 AM PDT · by SeekAndFind · 9 replies
    Washington Times | 06/25/2019 | Richard Rahn
    Most people plod through life, having an impact on their family and friends, but not much on the rest of humanity. Rulers and despots can impact most everyone’s life, as can those who are responsible for great scientific or engineering breakthroughs. Some musicians and athletes bring pleasure to millions. In other fields, such as economics, it is hard to identify individuals who created much in the way of pleasure or pain, or even directly useful knowledge for his or her fellow man. President Trump awarded the Medal of Freedom, the nation’s highest civilian honor, to economist Arthur B. Laffer, the...
  • Free Trade and the ‘Cheap Goods’ Delusion

    06/25/2019 7:00:19 AM PDT · by Thalean · 20 replies
    American Greatness ^ | June 22, 2019 | Spencer P Morrison
    Between 1348 and 1352 a monstrous plague—the Black Death—ravaged Europe. The disease struck young and old, men and women, saint and sinner alike. Half the population died. Whole cities disappeared. Western Civilization was on the brink of collapse. What caused this plague? Bad smells. Foul odors. The stench of decay. This was considered unequivocal, scientific fact—that is until we invented the microscope and discovered that an entire world of miniature animalcules existed right under our noses. In time we realized that these creatures caused illness: germ theory was born, and with it died the centuries-old miasma theory of disease. Received...
  • President Trump’s Isolationist Economic Fence Threatens Our Economic Future

    06/22/2019 5:42:43 AM PDT · by Kaslin · 48 replies ^ | June 22, 2019 | Gary Shapiro
    President Trump’s barrage of tariffs could blow up our economy in a way not seen since Congress passed the 1930 Smoot-Hawley Tariff Act. We know how that ended. It took World War II to get us out of the worst depression our nation ever faced.The analogies between then and now are striking. Overwhelmingly, economists opposed the tariffs in 1930. Today, Peter Navarro, who serves in the White House, is the only economist I know of who thinks tariffs are a good idea. And last week he suggested we pull out of the World Trade Organization (WTO), despite the fact the...
  • AOC Got a Pass on the Cost of 'Free'

    06/20/2019 4:26:56 AM PDT · by Kaslin · 17 replies ^ | June 20, 2019 | Larry Elder
    ABC's Jonathan Karl recently interviewed Rep. Alexandria Ocasio-Cortez, D-N.Y. Karl asked no question and did not call for a clarification when Ocasio-Cortez, presumably referring to the Mueller report, spoke about "the abundance of evidence, 10 counts of obstruction of justice, four with rock-solid evidence" against President Donald Trump. A "count" means a specific accusation of a crime. The Mueller report made no such accusation. Even worse, Karl, with not one follow-up question, allowed Ocasio-Cortez to rattle off her progressive agenda -- which includes free college tuition, government health care for all and a $15 minimum wage indexed to inflation. After...
  • The Anti-Science Party

    06/15/2019 3:50:23 AM PDT · by Kaslin · 24 replies ^ | June 15, 2019 | John C. Goodman
    Could everyone in America live above the poverty line if only employers were less greedy? Sen. Bernie Sanders thinks that. He also thinks that Medicaid, food stamps and other poverty programs are subsidizing corporate greed -- because they make it possible for employers to pay low wages.Rep. Alexandria Ocasio-Cortez (AOC) calls the federal minimum wage of $2.13 an hour for people with tip income “indentured servitude.” What’s her answer? The government should force employers to be more generous.Welcome to the greed theory of wages. It has a long history. Charles Dickens believed it. A long list of muckraking, left-wing writers have...
  • How to Create Conflict

    06/12/2019 3:42:04 AM PDT · by Kaslin · 13 replies ^ | June 12, 2019 | Walter E. Williams
    We are living in a time of increasing domestic tension. Some of it stems from the presidency of Donald Trump. Another part of it is various advocacy groups on both sides of the political spectrum demanding one cause or another. But nearly totally ignored is how growing government control over our lives, along with the betrayal of constitutional principles, contributes the most to domestic tension. Let's look at a few examples. Think about primary and secondary schooling. I think that every parent has the right to decide whether his child will recite a morning prayer in school. Similarly, every parent...