This is the gift that keeps on giving for blogging Bereans; Dr. Wheeler has ably commented in his post today on the minimum wage but no sooner did he publish it than I found a piece by Elizabeth Stocker making the “Christian” case for the minimum wage. Please read her article and provide your response […]
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The Minimum Wage and Poverty
31 Jan 2014
In Tuesday’s State of the Union address President Obama made some bold statements about the relationship of the minimum wage and the reduction of poverty (emphasis added). But Americans overwhelmingly agree that no one who works full-time should ever have to raise a family in poverty. … And as a chief executive, I intend to […]
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SOTU: A Dwindling Presidency
29 Jan 2014
President Obama was at center stage of the American political drama last night, giving us his own conception of the state of our union. And, as we might have predicted, in his mind it is “strong.” Maybe this is the equivalent of the medieval tactic of beating swords upon shields to signify strength and to intimidate […]
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Republicans versus Republicans: The Next Battle?
29 Jan 2014
Yesterday President Obama gave the annual State of the Union address to Congress. We now know something of his agenda for the coming year. My colleague Dr. Smith has already discussed the president’s probable new way of governing, the executive order. President Obama did indeed strongly imply he would “go around” Congress. I would also […]
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Keynesians Love Winter
27 Jan 2014
This winter, with it’s below average temperatures and above normal precipitation, has been great for “economic stimulus” if the Keynesian economic theory that almost everyone in the United States believes is correct. At least that’s been true in my household. Beginning in mid December, we’ve had a series of minor automobile mishaps that have created, […]
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Obama’s “New” Agenda?
27 Jan 2014
There is a minor flurry of activity on the internet surrounding President Obama’s upcoming State of the Union Address. Much of it surrounds the Administration’s “new” agenda that emphasizes executive action and White House leadership, as compared to the more restrained and legislatively bound presidency we have seen up to this point. At least, this is […]
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Argument for focusing on Wealth Inequality evaporates. Will this stop Mr. Obama in his speech tomorrow?
27 Jan 2014
Mr. Obama continues to focus on wealth inequality as the causal force driving lack of opportunity, and is expected to push to some degree in his SOTU speech. As we discussed last month, Mr. Obama asserts this is “the defining challenge of our time.” Notice the reason this is so important: it is a difficult […]
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Always for the good of mankind, you see. Milton Friedman used to note that there are always two groups pushing for a public policy: the public front group which was supportive of a particular cause, and the private interest group that would benefit. No one ever advocated for government benefits to enrich themselves, rather there […]
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Gov. Andrew Cuomo (D-NY), scion of the New York political family, has declared that conservative extremists have no place in his state. What is it that makes them extreme? Apparently, it is opposition to abortion, gay marriage, and gun control. Today, January 22, 2014, is the 41st anniversary of Roe v. Wade, the Supreme Court […]
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Hillary for President?
20 Jan 2014
I recently received my latest issue of Time magazine and found the cover story dedicated to the idea that Hillary Clinton is in the driver seat when it comes to the Democratic nomination for the presidency in 2016. This concept is only supported by the fact that polling organizations are already comparing favorability numbers between […]