We’ve discussed the Keystone Pipeline before, and today’s veto really doesn’t bring anything new to light. We still have an administration that has been reviewing this proposal for over 6 years, and a congress that considers this essential for creating jobs and signaling a positive climate for business. Environmentalists have made clear to the Democratic […]
Archives
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Economics Everywhere! Keynesian failure in Japan, ECB money printing and Walmart wage hikes!
21 Feb 2015
First up is the ongoing failure of Keynesian economics with its calls for government stimulus to save the day. Japan is the case study for looking at what government policy makers have done. Ever since their stock bubble burst (enabled by easy money policy) in the late 80s, the Japanese economy has went from one period […]
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So much of our lives is amazingly better, and getting better at an increasing rate. Peter Diamond makes this case in his new book, Abundance, and I have to agree with him. The progress we’ve made in quality of life during my lifetime is phenomenal. As I mentioned to one class today, I grew up […]
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Trying to avoid the national debt getting bigger? That would be the real problem. As usual, Keynesians aver that debt isn’t a problem, because we owe it to ourselves. Globally, and for the most part even within countries, a rise in debt isn’t an indication that we’re living beyond our means, because as Fatas puts […]
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One of my usual sources of info that I use in this blog is the Wall Street Journal; I consider the WSJ and the Financial Times (FT) of London to be the premier press sources of economic information. Its unfortunate that I have progressive friends who will immediately discount something I say because it came […]
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Mark Smith notes Scott Walker’s impressive rise in the early polls in his news article for yesterday, and while I agree it doesn’t matter much yet, it does matter some…and not just to Republicans. Democrats rightfully fear Walker, as he is one of the few that has successfully fought their agenda and won. National Review […]
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Hat tip to Foundation for Economic Education: Combatting false narratives on the Progressive Jesus
30 Jan 2015
Its rare when secular websites wade into the faith and economics waters, but the President of the Foundation for Economic Education, Larry Reed, does a fine job here. As Reed argues, The fact is, one can scour the Scriptures with a fine-tooth comb and find nary a word from Christ that endorses the forcible redistribution […]
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Intuit, the maker of the popular tax software product TurboTax, has enraged customers this year in a move that significantly threatens their tax filing software dominance. Intuit changed their software this year such that it forced previous users of its Deluxe software (the mid tier product) to purchase the Premier software (the most expensive version). […]
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I hate to be such a broken record on the subject of why deflation isn’t necessarily bad, such as this post from a few weeks back. But I do it because this very wrong-headed fear leads to utter disaster. For example, a big reason for Mr. Bernanke and Mr. Greenspan pushing the U.S. to negative […]
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World monetary system disorder reigns
16 Jan 2015
Yesterday the markets were stunned when the Swiss National Bank reversed its official policy of pegging the value of the Swiss Franc against the Euro. The value of the Franc vs. the Euro spiked 30% higher virtually immediately; much-maligned gold was up over $20/oz. Today reports are coming out of several large bankruptcies associated with […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach