This morning the Bureau of Labor Statistics released its monthly Employment Situation Summary. The unemployment rate remained at 4.9%. I was reading MoneyBeat blog at the Wall Street Journal. The following quote (posted at 8:45 AM) caught my attention. U-6 includes everybody, and that rate is at 9.7%. That is a high number for a purported […]
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Trump, Sanders and Unemployment
04 Mar 2016
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GOP Debate Tweets
04 Mar 2016
Cruz–interesting attack against Trump. Does he know the principles that made American great first. He should be asked that. #GOPDebate — Mark Caleb Smith (@markcalebsmith) March 4, 2016 Cruz–we have beaten Donald Trump again and again. Weak sauce when Trump has him 10-4 in state victories. #GOPDebate — Mark Caleb Smith (@markcalebsmith) March 4, 2016 […]
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Taxes Versus Spending
02 Mar 2016
The Committee for a Responsible Federal Budget, a DC group, had this to say about Ted Cruz’s campaign proposals: “Republican presidential candidate Senator Ted Cruz (R-TX) has, by our count, put forward seven sets of policy proposals on his campaign website covering areas such as immigration, military spending, and tax reform. By our very rough […]
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Frederic Bastiat as Prophet
28 Feb 2016
I have been reading quite a few articles lately in which the individuals (politicians, bureaucrats and just ordinary citizens) are asked about various issues related to the presidential campaigns. One answer I have heard quite a bit is simply that “the government” should do something. Sometimes the issues are even cast in terms of a […]
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Biblical Integration – A Framework for Political Economy: The Image of God in Man* – Part 2
26 Feb 2016
* I am relying heavily on Created in God’s Image by Anthony A. Hoekema. I have read several papers and examined several books on the subject and find Hoekema’s work to be the most helpful. Colossians 1:15 He is the image of the invisible God, the firstborn of all creation. Hebrews 1:3a He is the radiance of the glory […]
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There was a time, way back in the eighteenth century, and as recently as the nineteenth century in the United States, that a person who owned land possessed legal title (in so-called “fee simple,” the normal way people own land unless they lease it) to it from the “center of the earth to the zenith […]
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Falwell Trumps the Pope
23 Feb 2016
It is simply too easy with a name like “Trump” when writing titles or headlines. I am sure the late night talk show hosts are having a field day. So, forgive my failure to resist the easy pun in titling this post. The reality is, there is nothing very funny in the topic which I […]
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Trump: The Cultural Costs of the New Normal
23 Feb 2016
Donald Trump (R-NY) is working his way toward the Republican presidential nomination. His opponents may still derail him, of course, but his sustained performance–he has been the front-runner since August–suggests there is a sizable portion of the Republican electorate that sees Trump as not only tolerable, but preferable. Exit polls reveal several possible explanations. Voters […]
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The Robots are Coming, the Robots are Coming!
23 Feb 2016
So warns Mr. Obama in this year’s Economic Report of the President. And the fear is that this accelerating automation will replace low-skilled jobs. It’s intuitive that automation will take low-wage jobs.But the White House, in its annual economic report of the president, has broken down just how much that is so. There’s an 83% chance that […]
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“The Immense and Tutelary Power”
22 Feb 2016
I think I quoted this passage from Alexis de Tocqueville’s Democracy in America, last year, but have enlarged the context. Is this a description of the centralized command and control bureaucratic government that we [sic] have been creating over the past 100 years or so? And is Tocqueville on to something? Feel free to comment. […]