I keep getting side-tracked by the interesting posts and articles either written by my colleaugues or mentioned by them. I was reading the Hepner article mentioned by Mark Smith when I was “inspired” to post a blog, only to find Mark had beaten me. Ah, but only for a time. Let me say first that I agree with what Mark wrote and I only intend to supplement it. I have had students and advisees who have had exactly the same… Continue Reading ››
Well, in one day it appears we have two interesting pieces of economic news. In the greater scheme of life these may not rate at the top, but they may be significant. On the one hand, we have learned that the Bureau of Economic Analysis, an arm of the Commerce Department that provides economic statistics, will in July be changing the way it measures GDP. It will be including numbers such as research and development, which, apprarently before, was considered… Continue Reading ››
This debate on immigration is a very helpful one. Dr. Wheeler did catch me in a missatement, that is, my statement that “millions of immigrants wish to come to America with little capital, little skill and, in some cases, little desire to work”. I remember vividly–and to my regret–that as I was typing this, I was debating with myself (always dangerous) how to say that and explain that “many” came to the United States, which could mean a relatively few… Continue Reading ››
This is my short “two cents” worth response to Dr. Wheeler’s post of April 15, 2013 on immigration. I do agree that from a purely economic standpoint, there is no good reason to keep anyone out–that is, when all we consider is the market value-added of people. I also agree there ought to be an easy path for all potential immigrants, not just Mexicans. But there are some variables that get in the way, that must be addressed. First is… Continue Reading ››
Just when you think the Left has pretty much “let it all hang out” (I am partly a child of the 60s/70s), you are surprised. I read about (but did not see, except in a short clip) a “sermonette” by Melissa Harris-Perry of MSNBC in which she stated that “We have to break through our kind of private idea that kids belong to their parents or kids belong to their families.” She isn’t the only one though. Francois Hollande, the… Continue Reading ››
It was about 1984 when I first heard about what Margaret Thatcher was doing in Great Britain. Ronald Reagan was president of the United States. The economy in America was beginning to recover and in England the Prime Minister was invigorating the Tory/Conservative Party after years of malaise and challenging the central planning ideology of pretty much everyone. From then on I admired “Maggie,” as she was affectionately called, though many did not. As I could see it, she gave… Continue Reading ››
“EUtopia”? I came across an interesting and foreboding article in the National Review Online on the European Union, using the current Cyprus crisis as the context. The author, John O’Sullivan, raises the specter of the “democratic deficit” in Cyprus most recently and most radically, and in the entire EU. As he points out, the draconian terms of the structured bailout were never put to any vote by the Cypriots. The EU bureaucracy in Brussels simply imposed it, leaving Cyprus with… Continue Reading ››
For those of you who want to read the second and third installment of the “Fossil-Fuel Divestment” article of March 4, 2013, go to the National Review Online for today, March 6 and you will find both yesterday’s and today’s final parts. Enjoy reading and take careful note. This is a “wedge issue” which really goes to the very foundation of what constitutes genuine human well-being.
The following longer piece is designed to bring light rather than heat to the on-going debates regarding free market institutions versus government. We hear quite a bit about the battles between conservatives (the American equivalent of classical liberals) and liberals (the American equivalent of Modern Liberals or Social Democrats). This is especially true regarding their differing economic philosophies—or at least thinking about economics. The conservatives accuse liberals of wanting to destroy the economy while the liberals claim that conservatives favor… Continue Reading ››
Fossil-Fuel Divestment If the reader wants to know what one particular anti-capitalist and anti-growth movement looks like, see this article. It is actually in three parts at the National Review Online. This is the first part from March 4, 2013. Radical environmental groups may be small but they are well-funded and appealing to the Millenials. The lesson to be learned: Those who support capitalism, especially on sound moral grounds, must make our case.