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Tag Archives: economics

Hillary Clinton Flunks Economics 101

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There is plenty of nuttiness being uttered during this campaign season that gives any sentient voter cause to pause, but sometimes the inanity advances to the level of being outright ludicrous and fallacious. Hillary Clinton, and her sidekick Tim Kaine, engaged in the latter in their recent debates, and in the process, proved they have not the slightest notion of ...

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The truth about the trade imbalance

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At no time besides elections does the trade imbalance — the difference between the monetary value of a country’s imports and exports — become such an important yet poorly understood issue. According to recent information compiled by the Census Bureau, the United States’ trade deficit as of June 2016 stands at $39.47 billion, down slightly from a previous level of ...

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The Federal Reserve Doesn’t Understand Money

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Yesterday Ben Bernanke, former chairman of the Federal Reserve, published an asinine editorial in the Wall Street Journal describing how the central bank- and the central bank only- saved the economy through artificially suppressing interest rates. As if this blatantly irrational line of reasoning wasn’t comical enough, Bernanke further went on to browbeat Fed critics as not doing “their bit” ...

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“Everything Seems Upside Down!”

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A friend lamented to me recently, “The whole world seems upside down. What should be considered bad is now good, and vice versa.” He went on to detail how laws of economics are violated domestically, expecting an outcome different than the natural law of cause and effect would dictate. I concurred with him, and found myself reflecting on some of ...

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Moving Left Isn’t Right

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Written in a time filled with the gasps and death of the Soviet Union, and its satellites’ declarations of their independence, I found Alvin Rabushka’s “The Failure of Socialism in China” capturing my attention. In it, the author mentions the method that Mao Zedong attempted to use to incite the communist Chinese economy to grow – namely central planning. The author ...

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The lies of free trade proponents

In his SOTU speech, Barack Obama announced that his Administration is (unconstitutionally and thus illegally) negotiating trade agreements with the EU and countries of the Pacific Rim. Free trade proponents – including Iain Murray of the pseudoconservative American Spectator – applauded him, as they are ideologically aligned with him. In defense of their (and his) free trade agenda, they have ...

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Free trade is for idiots

For decades, globalists and libertarian free trade ideologues have been telling us that free trade has been “good” for America, that it’s a traditional conservative/Republican policy, and that any suggestion that America should protect its industry – i.e. protectionism – is a Big Government policy and a betray of “free market principles”. Free trade is the religion of the CATO ...

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Hippienomics

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The spirit of free love — and free stuff — has hit the United States, and let’s all wallow in the glory of an economy where that’s the only thing one can afford to do is love. The spiritual masturbation of sitting around in a circle smoking a peace pipe and slapping tambourines, imagining everyone’s needs get magically met by ...

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President Obama Decrees 19 Laws of Economics

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President Obama decreed the following 19 laws of economics: Everyone should get everything for free without paying for it. Anyone should be able to demand that other people work to pay for his wants and needs. Making people work to support their own lives is mean and is therefore unnecessary. If someone forces others to work for him, it shall ...

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How To Help Millenials: An Interview With Former Labor Department Official

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The July 2012 jobs report was released on August 3rd 2012, and major news outlets have been reporting that the US economy added 163,000 jobs.  While the debate  rages on about the accuracy of the real number of jobs created or lost, the economic impact on young Americans has been lost in the fervor. The jobs report revealed some startling and ...

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Moody’s Downgrades Pennsylvania

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With Harrisburg already bankrupt and Scranton on the verge, Moody’s has decided to downgrade the state’s credit rating from Aa1 to Aa2. Citing unfunded pension liabilities, high debt and slow to moderate growth the rating agency also changed it’s outlook for Pennsylvania from negative to stable. On the upside, Moody’s says that the Government has improved with “two consecutive timely ...

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The Case For Free Enterprise

What is Free Enterprise? Is it moral? What about sharing the wealth? Isn’t that more fair? Arthur Brooks from the American Enterprise Institute created a short video arguing the moral case for free enterprise. The clever use of hand drawn characters will keep the interest of those raised in the video age. Watch it and then share with your younger ...

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VOODOO Food Economics

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The USDA, in trying to increase participation in the SNAP or food stamp program, claims that for every dollar transferred to beneficiaries a dollar and seventy-two cents in economic activity is generated. If we were to follow this mushy thinking to it’s logical conclusion, then if we all quit our jobs, closed our businesses and went on the program, we ...

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Will Obama Learn From Sweden?

 Have you ever heard of Anders Borg? He has a ponytail and wears an earring. He is an economist. He is also the finance minister of Sweden. When Sweden’s prime minister Fredrik Reinfeldt became party leader in 2003, he made Borg his right-hand man. Since becoming Sweden’s finance minister, Borg reduced the size of government and cut taxes. His ‘stimulus’ ...

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The End is Near

Welcome to the beginning of the end of the economic recovery. On Tuesday diesel fuel was $4.49 per gallon along interstate route 81 in New York State! The price of fuel is rapidly approaching what Malcolm Gladwell would call the “tipping point”. Diesel fuel hit a peak of $4.72 per gallon in July of 2008. That took a huge toll ...

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