Keyword: economics

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  • National debt by the numbers: Just how big is $20 trillion?

    09/17/2017 4:51:01 PM PDT · by fugazi · 19 replies
    Unto the Breach ^ | Sept 17, 2017 | Chris Carter
    With our national debt passing the $20 trillion threshold this week, let’s look at some figures that will help us wrap our mind around this unfathomable amount of money. To make 20 trillion one dollar bills, it would require commandeering every cotton field in the United States for 19 years (the dollar is actually 75 percent cotton) and 30 years for the Bureau of Engraving and Printing to stamp out the notes. The price tag for printing this vast quantity of bills would cost taxpayers another $2 trillion. Our mountain of 20 trillion George Washingtons would weigh in at a...
  • Report: Florida Facing Gas Shortages Ahead of Hurricane Irma

    09/07/2017 3:33:20 AM PDT · by fruser1 · 13 replies
    Fox News ^ | 7 Sep 2017 | Fox News
    Phil Keating reported that in Miami-Dade County people are rushing to get gas for their vehicles and generators, but many gas stations are out.
  • North Korea Launches Another Missile – Attempts Escalation By Crossing Northern Japan…

    08/28/2017 7:41:55 PM PDT · by TennTuxedo · 11 replies
    Beijing (China) is attempting to “trigger” President Trump’s internal neo-con and militaristic opposition. Stay frosty, avoid emotional reports demanding military engagement, and remain steady with a high altitude perspective. Multiple reports now confirming that North Korea has conducted a missile test. The flight path escalates the issues by crossing over part of Northern Japan. In essence, Beijing China just threw an elbow at President Trump. [The likely “Why” follows breaking report] "TOKYO (Reuters) – North Korea fired a missile that passed over northern Japan early on Tuesday, the Japanese government said. The government’s J-Alert warning system advised people in the...
  • Donald Trump: The 'Fascist' Who Cuts Taxes And Deregulates (Whose policies are closer to Nazis?)

    08/23/2017 1:59:39 PM PDT · by SeekAndFind · 5 replies
    IBD ^ | 08/23/2017 | Kerry Jackson
    Evverybody knows by now that President Trump is a fascist. He's a Nazi just like the white supremacists who marched in Charlottesville, Va., on Aug. 12. We know this because the mainstream media, a host of dimwit celebrities, various Democratic politicians and the highly reputable antifa tell us he is. What we really know, though, is these groups don't know anything except how to shriek louder and longer than everyone else. A few also well know how to break other people's property and set things that don't belong to them on fire. But they don't know their history, and therefore...
  • Smokers 20 Percent More Likely to Quit When Cigarettes Cost $1 More

    08/19/2017 4:24:42 PM PDT · by Drango · 32 replies
    Drexel Now ^ | 8/18/17 | frank Otto
    Older smokers are usually more set in their ways, but a dollar increase in cigarette prices makes them 20 percent more likely to quit, a new Drexel University study found. The study, published in Epidemiology, used 10 years of neighborhood-level price data to determine how it affected nearby smokers, focusing on those who skewed older. “Older adult smokers have been smoking for a long time and tend to have lower rates of smoking cessation compared to younger populations, suggesting deeply entrenched behavior that is difficult to change,” said Stephanie Mayne, PhD, the lead author of the study who is a...
  • RAISE Act Would Save American Taxpayers $1.9 Trillion Over Next Decade

    08/15/2017 1:41:58 PM PDT · by Thalean · 1 replies
    National Economics Editorial ^ | August 8, 2017 | Spencer P Morrison
    "According to research compiled by Robert Rector, The Heritage Foundation’s senior research fellow on domestic policy, the RAISE Act could save America trillions of dollars in welfare, healthcare, and other social services over the coming decades. The RAISE Act would manage this ending chain migration, which could reduce overall immigration levels by up to 50%, and by prioritizing immigrants who have economically valuable skills, which would be determined according to an objective points-based system."
  • Predictable Friday Leak: U.S. and North Korea Have Been Talking Via Back-channels For Months…

    08/12/2017 6:19:14 AM PDT · by Bratch · 13 replies
    The Last Refuge ^ | August 12, 2017 | sundance
    It must be weird for the ordinary person around the world to view U.S. politics through the prism of the American MSM lügenpresse.  We’re often left wondering if international observers realize how much deception and fraud exists in media broadcasts of President Trump. However, that said, a few days ago CTH predicted via twitter that Friday would bring a “breaking news” revelation that President Trump’s administration had been in ongoing negotiations with North Korea.  Today, exactly that happened. [...] These back-channel discussions were/are entirely predictable because negotiation is the forté of President Trump’s entire life’s repertoire.  It’s just how he rolls.  Negotiation is what gets Donald Trump’s autonomic...
  • Evans’ 5 Simple Rules for a Vibrant Economy

    07/26/2017 1:25:45 PM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | July 26, 2017 | Malcolm A. Kline
    Last week, a dear friend of Accuracy in Academia, author M. Stanton Evans (1934-2015), would have turned 83. Although he focused most of his energies in his later years on researching and writing about the history of espionage and internal security in the United States, he had quite a background in economics as well, much to the benefit of his readers over the course of his career. Indeed, he studied under the noted Austrian economist Ludwig von Mises. On at least half a dozen occasions, I heard him outline what he saw as five essentials for a functioning economy. They...
  • Even the intellectual left is drawn to conspiracy theories about the right. Resist them.

    07/14/2017 4:35:15 PM PDT · by 2ndDivisionVet · 7 replies
    Vox ^ | July 14, 2017 | Henry Farrell and Steven Teles
    It’s always hard in politics for people to take their opponents’ views seriously, but it has become ever harder in Trump’s America. People are more engaged with politics, but only because they want to beat the other side, not understand it. This means scholars have a greater responsibility than ever to help ordinary citizens understand how the people with whom they disagree think, and what their political opponents are actually doing. Most scholars get this. For example, political scientists and historians, who tend to range from the political center to the left wing, have written extensively about the origins and...
  • Bewitched, becalmed, bewildered {Economics}

    07/07/2017 6:00:14 AM PDT · by Mechanicos · 10 replies
    PJ Media ^ | July 7, 2017 | Richard Fernandez
    In the first decade of the 21st century Western economic growth entered the doldrums. The question was why. Former Harvard president Larry Summers noticed that something changed after the 2008 financial meltdown. The economic spring which had always bounced back had lost its elasticity. He diagnosed it as secular stagnation. .... Most observers expected the unusually deep recession to be followed by an unusually rapid recovery .... Had the American economy performed as the Congressional Budget Office fore­cast in August 2009—after the stimulus had been passed and the recovery had started—U.S. GDP today would be about $1.3 trillion higher than...
  • Happy 87th birthday (June 30) to economist Thomas Sowell

    07/03/2017 8:20:49 AM PDT · by Hawthorn · 24 replies
    AEI Ideas ^ | June 29, 2017 | Mark Perry
    In my opinion, there is no economist alive today who has done more to eloquently, articulately, and persuasively advance the principles of economic freedom, limited government, individual liberty, and a free society than Thomas Sowell. In terms of both his quantity of work (at least 40 books and several thousand newspaper columns) and the consistently excellent and crystal-clear quality of his writing, I don’t think any living free-market economist even comes close to matching Sowell’s prolific record of writing about economics.
  • The James Baker-George Shultz Carbon-Tax Plan Is a Bad Deal for Americans

    02/14/2017 10:49:26 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 02/14/2017 | Rupert Darwall
    The fact that it’s being proposed by Republicans doesn’t make it any more economically palatable. Madness is rare in individuals — but in groups, parties, nations, and ages it is the rule — Friedrich Nietzsche ‘Cap and trade was just one way of skinning the cat; it was not the only way,” Barack Obama declared after Democrats’ disastrous losses in the 2010 midterm elections. That shellacking finally killed off the Waxman-Markey cap-and-trade bill. From it was born the EPA’s Clean Power Plan and the Obama administration’s war on coal, in turn a contributory factor to Donald Trump’s election and Republicans’...
  • Chomsky's Venezuela Lesson

    05/31/2017 5:45:47 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | May 31, 2017 | John Stossel
    Venezuela descends into chaos. Its people, once the wealthiest in Latin America, starve. Even The New York Times runs headlines like "Dying Infants and No Medicine." My Venezuelan-born friend Kenny says his relatives are speaking differently. Cousins who once answered "Fine" or "Good" when asked, "How are you?" now say, "We're eating." Eating is a big deal in the country that's given birth to jokes about a "Venezuelan diet." A survey by three universities found 75 percent of Venezuelans lost an average 19 pounds this year. So are American celebrities who championed Venezuela's "people's revolution" embarrassed? Will they admit they...
  • The Keynesian Cult Has Failed: "Emergency" Stimulus Is Now Permanent

    05/25/2017 7:04:40 PM PDT · by Lorianne · 9 replies
    Of Two Minds ^ | 23 May 2017 | Charles Hugh Smith
    Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly? ___ What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart. Keynesianism Vs The Real World Let’s start by reviewing the core contexts...
  • The Arrogance of Blue America

    05/01/2017 10:07:18 AM PDT · by amnestynone · 4 replies
    The Dailey Beast ^ | 4/30/17 | Joel Kotkin
    n the wake of the Trumpocalypse, many in the deepest blue cores have turned on those parts of America that supported the president’s election, developing oikophobia—an irrational fear of their fellow citizens. The rage against red America is so strong that The New York Time’s predictably progressive Nick Kristoff says his calls to understand red voters were “my most unpopular idea.” The essential logic—as laid out in a particularly acerbic piece in The New Republic—is that Trump’s America is not only socially deplorable, but economically moronic as well. The kind-hearted blue staters have sent their industries to the abodes of...
  • Negative Balance of Trade? So What?

    05/01/2017 9:56:07 AM PDT · by rey · 5 replies
    FEE ^ | 1 May 2017 | Robert Higgs
    The tendency of the USA to have a negative balance of trade (more accurately known as a negative balance on current account) played a prominent role in the recent U.S. presidential campaign. Donald Trump criticized this tendency repeatedly and promised that if elected he would take various actions to reduce or eliminate it. Like most members of the public, Trump views this negative balance as a highly undesirable, economically damaging condition. Despite the prominence of discussions of the negative balance of trade in recent times, however, it is likely that few people really understand much if anything about the system...
  • Citigroup warns a Donald Trump victory will cause global recession

    08/28/2016 2:45:09 PM PDT · by Lorianne · 93 replies
    Economic Collapse News ^ | 26 August 2016 | Andrew Moran
    If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup. The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg): “A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant...
  • "Buy American, Hire American" Is Anti-American

    04/28/2017 3:15:42 PM PDT · by rey · 10 replies
    FEE ^ | 28 Apr. 2017 | John Tamny
    Whether it's WalMart, Safeway, CVS, or any other kind of local or national retail chain, the norm nowadays is for customers to swipe loyalty or "customer care" cards during checkout. Membership is a way for customers to accrue purchasing points, receive email alerts about future buyer discounts, and most often reduced prices on certain goods selected at time of purchase. Why do retailers offer these deals? Are they feeling extra generous, or are they oblivious to profits? Not a chance. We Appreciate Your Business Retailers reward their loyalty-card swiping clientele simply because knowledge of the buying habits of their customers...
  • Modern Economics: Trumponomics, Politics and The Import Export Bank…

    04/14/2017 11:49:22 AM PDT · by Bratch · 2 replies
    The Last Refuge/Conservative Treehouse ^ | April 13, 2017 | sundance
    President Trump has expressed support for the continuation of the Import/Export bank. This has seemingly shocked a few people from conservative circles because the modern conservative doctrine has been to oppose the I/E bank. However, Trump’s position hopefully does not come as a surprise to CTH readers because we identified a year ago how President Trump’s economic policies would seek to refocus the original intent of the Import Export Bank. The key aspect is to return the IE to its “original intent“; not the bastardized Wall Street construct that exists today as a result of corrupt DC economic policies driven...
  • Why Republicans Cant Fix the Big Problems

    04/13/2017 8:05:37 AM PDT · by Alex Baker · 10 replies
    American Thinker ^ | April 13, 2017 | Bryce Buchanan
    The moral sentiments of the population determine what political leaders are willing to do. The moral sentiments of a country may be consistent with reality or may be based on Utopian *fantasies, but, either way, they control public policy. To illustrate, lets examine the concepts “earn” and “deserve”. In reality, material products and human services are the product of human labor. Food and shelter, for example, do not exist in nature ready for your use. Medical care does not exist in nature. Humans must work to create these things. This is not a situation that was devised by mean people....