and Republicans are seemingly going to give him what he wants. Both the budget and the debt limit are coming up and Mr. Obama says there is no negotiation. No longer will there be any discussion on the debt limit (indeed, he does not believe we should have one), since we have to “pay our […]
Archives
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Mr. Obama wants a budget fight
24 Sep 2013
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Obamacare will continue to gain attention for the foreseeable future, but today’s news give two opposing and irreconcilable views. Mr Obama was asked if American’s were wrong about his health care bill (since so many oppose it). His answer? Yes, they are wrong. Yes, they are…….The problem we have is that over the last four […]
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That’s likely to be the result in the U.N.’s upcoming Intergovernmental Panel on Climate Change’s (IPCC) “fifth assessment report,” if this sneak preview reported in the WSJ is true. Indeed, the benefits of global warming could be greater than the harm: Therefore, the new report is effectively saying (based on the middle of the range […]
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During President Obama’s two campaigns, Republican critics suggested his signature health care law, the Patient Protection and Affordable Care Act (aka Obamacare) was socialism, since the government was trying to centrally plan 1/7 of the economy. Naturally Democrats reject that characterization, and accuse the Republicans of demonizing the president. Rather than focus on the question […]
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Ronald Coase-RIP
04 Sep 2013
It is a sad but joyous day to report the passing of another economic giant. Ronald Coase was a seminal figure in economics, a Nobel Laureate who truly changed the way all of us think about the world. It is sad with the loss of any great figure, and yet Professor Coase was not quite […]
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From William Galston in the WSJ today. Mr. Galston is referring to the same book that we commented on after the Financial Times of London made a similar review earlier this month. Mr. Galston picks up on the theme that government spending on R&D has historically resulted in a lot of winners, including some of […]
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Welcome to a new category of post, the Hall of Shame. This category is for the most outrageous of political economy issues. For our inaugural post, I offer this quote from former San Fransisco Mayor Willie Brown, a California political institution in his own right. Writing in the San Francisco Chronicle, July 28 (As reported […]
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The Austrian theory of the business cycle is often misunderstood as an overinvestment theory–where too much investment causes a boom, which must be corrected by a bust. Prominent economists such as Paul Krugman characterize it this way, Call it the overinvestment theory of recessions, or “liquidationism,” or just call it the “hangover theory.” It is […]
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Why we know Obamacare will cost jobs
19 Aug 2013
In my last post on ideologues, I chastised those representing the Obama administration for willful ignorance on the evidence of job loss associated with Obamacare (principally lost hours as workers hours are cut to below the 30 hr/week threshold). While I linked to several anecdotal reports, I did not provide “systematic evidence” of job loss. […]
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When Ideologues Rule
16 Aug 2013
It is all too easy in a blog-filled world for terms to used in ways that are meant to be used simply as an ad hominem attack–we too easily attack the person rather than the policy. And as Christians, we must always endeavor to speak the truth in love. Nevertheless, we cannot avoid the use […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach