Economics

Notable Quote – Paul Samuelson

by Skip September 24, 2016

Let me read you another one. “Minimum wage rates: these often hurt those they are designed to help. What good does it do a Negro youth to know that an employer must pay him $1.60 per hour if the fact that he must be paid that amount is what keeps him from getting a job?” […]

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Data Point – Real median income

by Skip September 22, 2016

(H/T: Business Insider)

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Data Point – CEO compensation

by Skip September 14, 2016

Instead, advocates of redistribution cavalierly diminish the importance of incentives. They claim the success of America’s 1% stems from rising cronyism despite overwhelming evidence that the status quo has grown less entrenched. Seventy percent of the wealth of the top 0.1% is owned by self-employed business owners who bested competitors to satisfy customers, not cronies, […]

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Perhaps a reason why they are in the bottom 20% of income distribution?

by Skip September 6, 2016

A little over half of the households in the bottom 20 percent have nobody working. You don’t usually get a lot of income for doing nothing. In 2010, there were more people working full-time in the top 5 percent of households than in the bottom 20 percent. –Professor Thomas Sowell (Ph.D, Economics) (H/T: Cafe Hayek)

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Blogline of the Day – it always comes down to glass

by Skip August 16, 2016

Keynesian economics is just the Broken Window Fallacy in a posh accent. Think Frederic Bastiat (H/T: Instapundit)

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Essential Hayek: Who Is F. A. Hayek?

by Scott Morales July 11, 2016

   

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Blogline of the Day: China and manufacturing

by Skip April 23, 2016

China is ‘celebrating’ U.S. efforts to reduce its carbon emissions because ‘they will end up inheriting’ much of America’s manufacturing base.” -Sen. James Inhofe (R-Okla.), chairman of the Senate Environment and Public Works Committee (H/T: Instapundit)

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Data Point – Your paycheck under Bernie Sander’s tax plan

by Skip April 19, 2016

Short take: you will have less.  Because Govt will demand more.  Emphasis mine, reformatted: an American making $18,870 a year would see a $45 drop (7.3% reduction) bringing their paycheck from from $616 down to $571 every other week. An individual in the lower-middle income range taking in $23,430 would take a 7.6% hit, with their checks […]

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Never a chance they’ll review on what they have wrought

by Skip April 9, 2016

Progressives place a bunch of constraints of the lives of the working poor, then they expect to be hoisted triumphantly into office on the shoulders of people they have harmed. When a worker making $800 on 50 hours of work has to go home and tell her family she is now making $600 on 40 […]

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Data Point – the new normal that Obama has brought us

by Skip February 27, 2016

And given that she is running to be Obama’s third term, Hillary is absolutely OK with this: Growth foregone? No problema as long as she has the control.  This is the greed of politicians – as long as they are in control, nothing else matters. (H/T: CNSNews)

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Quick, give this to Keely Martin!

by Skip November 12, 2015

That would be the Keely Martin from here.  I think that it would be great looking on her ObamaCar: (H/T: Liberal Logic 101)

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What Bernie Sanders Wants for America

by Steve MacDonald October 20, 2015
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Sanders is possessed of the ancient 20th century Nordic “tradition” of the socialist paradise. He loves him some “modern” Swedish economics, see also Socialism the Third Way. He may also think those Lads from Liverpool are still on tour and he’s just waiting for them to come ’round so he can see the show. Sorry […]

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Sooner or Later One Kind of Authoritarianism Leads to Another

by Steve MacDonald October 16, 2015

David Harsanyi at the Federalist, explores the problem of Democrat/Socialists promoting an economic model with a history they choose to ignore. In practice, of course, there’s not any difference between a Democratic Socialist and a Progressive Democrat — Hillary’s preferred designation these days — other than, perhaps, the speed at which one wants to work. (Ask […]

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GrokTALK! September 19th, 2015

by Steve MacDonald September 19, 2015
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This week we are joined by Steve Lonegan Dir. of Monetary Policy for American Principles in Action.  Susan Olsen with a “no vetoes were overridden day” recap. Kimberly Morin with a report on a protest outside  the NH Dem State Party Convention. The WTF, and…a lot more. Please follow us on YouTube, USTREAM, Facebook, and Twitter listen […]

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Open Immigration Is Good for ‘Business’… Depending on What You Mean by ‘Good’ or ‘Business’

by Steve MacDonald September 6, 2015
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At SteynOnline, Mark opines on claims that the benefit of an open immigration policy outweigh the cost. Because culture trumps economics. If you’re a Swede who likes living in Sweden what would you rather forego? The 0.0035 of spectacular gangbusters economic growth? Or the mosques and the honor killings and the no-go areas and the […]

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GrokTALK! for the week of 9/5/15

by Skip September 5, 2015

Summer is over!  Kids are back to school!  And here in NH, the countdown is proceeding to where “The Summah People” (H/T: Weekend Pundit) will be heading home and traffic here in Central NH will return to its normal, languid pace.  Hustle-bustle will be gone – but the political pace never slacks off!  This week, […]

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Notable Quote – Thomas Sowell

by Susan Olsen August 30, 2015

“While capitalism has a visible cost — profit — that does not exist under socialism, socialism has an invisible cost — inefficiency — that gets weeded out by losses and bankruptcy under capitalism. The fact that most goods are more widely affordable in a capitalist economy implies that profit is less costly than inefficiency. Put […]

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Notable Quote – Gerry O’Driscoll

by Skip August 28, 2015

The principle of spontaneous order – or of “undesigned order,” as it might more properly be called – can be viewed as the first principle of economics.  Indeed, James Buchanan has recently gone so far as to suggest that it is the only principle of economics.  The principle is, in any case, a cornerstone of modern economics, whether we […]

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Whoda thunk it – yet another Govt induced Bubble?

by Skip August 14, 2015

Uh-huh, another day, another problem from the Feds (w/contributions from the States, too).  This is what happens when the Smart People decide they know better for everyone than each of those hundreds of million everyones making their own decisions for themselves.  Get that – those in govt believe that they not only have the Smarts […]

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Data Point – Ranking of State by Fiscal Condition (FY 2013)

by Skip July 8, 2015

More information here. (H/T: Mercatus Center)

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Data Point – Consumer confidence crashing

by Skip May 5, 2015

“It’s bad news when Americans lose confidence in the economy. When confidence deteriorates, consumers become worried about their jobs and their paychecks, which in turn makes them want to spend less. And considering that personal consumption accounts for 68% of gross domestic product, the consequences can be huge. During the week ending Sunday, Gallup’s US […]

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Data Point – Reagan did more for the Middle Class than Obama has: jobs

by Skip April 30, 2015

“Trickle Down Economics versus Trickle Down Socialism …Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump. …The US economy has grown an anemic 9.6% during the Obama years (excluding today’s dismal number).” In comparison to Reagan, Obama has shown to be a far worse manager of the US economy.  […]

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Data Point – US Economic growth 2010-present

by Skip April 29, 2015

2 tenths of 1 percent (0.2%) growth rate under the administraton of the Obama Administration. (H/T: Washington Post)

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Profit – Dr. Walter Williams explains why it is as necessary to a biz as breathing is for us

by Skip April 7, 2015

“Is profit a dirty word? Would the world be better off without them? Or are profits progressive — the only thing that can move potatoes from Idaho to Manhattan and medicine from America to Africa? Professor and economist Walter Williams explains.” (H/T: Café Hayek)

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Seattle and its $15 minimum wage – the aftermath is arriving

by Skip April 7, 2015

We’ve been blogging about the extremely Liberal city of Seattle and its misguided attempt to suspend the economic laws of Supply and Demand in order to feel good about themselves “Hey!  We’re HELPING!” the poorer amongst us.  They’ll have more money, they’ll have better lives, they’ll be happier”!  ON the conservative side, we all went “this […]

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GrokTALK! With Dr. Jason Sorens

by Steve MacDonald January 13, 2015
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Dartmouth College Lecturer Dr. Jason Sorens, founder of the Free State Project, joins us to discuss his new endeavour called Ethics and Economics Education of New England (E3NE), a program to bring a new perspective to economics, ethics, markets, exchange, and more to high school students around New England.  We also discuss ethics and morals […]

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Observation on minimum wages and big box stores

by Skip January 5, 2015

Note also that people who are against large retailers because mom and pop shops can’t compete with them on price are all for a minimum wage that ensures mom and pop businesses will never be able to compete on price. Can’t have it both ways simultaneously….but for some of these folks, math is very hard…. […]

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A lesson from the First Thanksgiving

by Skip November 27, 2014

I like reading John Stossel as often he proclaims a down to earth message with common sense appeal.  In addition, what he talks about is grounded in results rather then an ideological background.  When I saw his column, so apropo for today, it does need to be reviewed. Why?  Allow me to inject a bit […]

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Notable Quote – Prof. Thomas Sowell

by Skip August 25, 2014

One of the big differences between Democrats and Republicans is that we at least know what the Democrats stand for, whether we agree with it or not. But, for Republicans, we have to guess. Despite TV pundits who say that public opinion polls show Barack Obama is in trouble, the president is not in the […]

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I’m “Ready For Hillary” To Say It…

by Steve MacDonald March 18, 2014
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Would Progressives risk tossing the entre feminazi project under the bus if they thought it would save their political prospects in 2014? You betcha! Low workforce participation, job lock, part-time nation, wage stagnation, serial decline in total income.  These are not bugs, my friends, they are features of a cure for what ails us.

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