Yeah, But What About Jobs?
For the past couple of years, we’ve heard about a housing market recovery, government programs designed to encourage a recovery, federal plans to help people avoid foreclosure, etc. It’s worth mentioning, however, that low interest rates and dropping prices are great but falling unemployment rates would be even better.Proposed House Bill to Punish US Job Killers, Reward Job Creators
Amid the coming election and the controversy in the economy over job creators and job killers, alas a bipartisan bill aimed to curtail the massive push of U.S. jobs overseas has hit the House floor. Introduced last week by House Representatives Tim Bishop (D-N.Y.) and David McKinley (R-W.Va.), the long-anticipated pro-jobs legislation would punish U.S. corporations that continue to outsource jobs to offshore call centers making them ineligible for federal government grants and guaranteed loans.Monopolies Are the Environment’s Best Friend
Public goods and monopolies are both vital concepts and have an important relationship inside the environmental economics’ landscape. Consumers can actually benefit from monopolies, economically speaking, and in the long run, monopolies help keep our ecology more pristine by not allowing more than one firm in a specific market to perform environmentally sensitive construction within an environmentally sensitive area. There is no debate that many times public goods can be supplied by monopolies more efficiently than in competitive markets.Progressivism Isn’t Progress – II
In graduate school, they taught us the parable of The Boiling Frog… and, though I think they meant us to take away a different lesson, the parable provides a perfect way to describe “progressivism:” the slow war against freedom, strength, and prosperity being waged in the United States since the late 19th century…A Response to Robert J Samuelson’s Defense of the Federal Reserve
A close analytical examination of the Federal Reserve is something that Robert J. Samuelson has hardly encouraged in his apologies for the private federal banking cartel that has been primarily responsible for the awful condition in which the U.S. economy presently exists. Perhaps this essay will serve as a proper response to Mr. Samuelson’s elaborative sophistry.2012 Economic Forecast For US Economy
The Economic Forecast for 2012 is a gloomy one. The world’s top economists and investors predict that it will be a year of volatility and uncertainty for the markets and global economy, as a whole. A Federal Reserve Bank of Philadelphia survey involving forty five economic forecasters predicts a real GDP growth of only 2.4 percent and an unemployment rate of 8.8 percent. Just this August, those figures were 2.6 and 8.6 respectively.Liberal Democracy
Democracy is not just a form of government but also a way of life for a very large section of the world’s population. Democracy was developed as a form of government in ancient Greece and was based on a set of values, principles and ideals. Democracy was meant to be an institution for the people’s welfare and not for the welfare of the state or those who run the state.Are Record Low Yields A Good Thing?
Recently we have seen record low yields on U.S. government treasuries. Currently the 2-Year is trading at a yield of 0.25%. To provide some insight, at the height of the financial crisis in September 2008, when Lehman Brothers filed for bankruptcy, the yield was 2.08%. Even when the stock market reached bottom in March 2009, yields were at 0.93%.The Gig Is Up, Over And Done
“Government is the great fiction by which everybody seeks to live at the expense of everybody else.” Frederic Bastiat (1848), a man of few words yet much wisdom, offers up his definition of government and sums up our circumstances well.Progressivism Isn’t Progress
If you own a business, or seek to build wealth through investing, watch out. Beware the march toward big-government tyranny euphemistically labeled “progressivism” these days. Things will get much worse before they get better, no matter what we do now…but if we’re committed to real American ideals, business (and the people) will return one day to prosperity. The first step, though arduous, is clear: halt progressivism, wherever you find it, in order to return to progress….Central Bank Bazookas Open Fire
A few weeks ago, UK Prime Minister David Cameron urged European leaders to wheel out their ‘big bazooka’ to tackle the eurozone debt problem. That’s mighty impressive language – a bit reminiscent of the ‘shock and awe’ terminology that preceded the last Gulf war. The only problem was that I couldn’t find any decent explanations at the time in the regular news and media outlets of exactly what Mr. Cameron meant by the phrase ‘big bazooka’.