Economics

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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Prager U – Why Capitalism Works

by Steve MacDonald March 10, 2014
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Prager University Cultural depictions of capitalism, in America, are almost all negative. There’s the Monopoly guy with the top hat and cigar. There’s Gordon Gekko saying, “Greed is good.” And, most recently, there’s the hedonism of the “Wolf of Wall Street”. The message is clear: capitalism is selfish. Socialism, or something like it, is altruistic. […]

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Data Point – After 5 years of Democrat economic leadership

by Skip December 8, 2013

Democrats took over the Congress in 2006: November 2006, 145,534,000 Americans held jobs November 2013, 144,386,000 Americans held jobs. I think the “Blame Bush” mantra has now expired. (H/T: IJReview)

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A lesson from the First Thanksgiving

by Skip November 28, 2013

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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Oh goody: a GREAT example of Progressivist language redefinition – Fascism as Free Market

by Skip November 20, 2013

Provided by Senator Claire McCaskill (D-Mo), you can’t have a Free Market when it is a Government spawned entity.  But there is a word that describes that spawned entity (emphasis mine, reformatted): Sen. Claire McCaskill (D- Mo.) says Republicans are “misleading people” about ObamaCare, which she calls a “free market solution”.  McCaskill told MSNBC viewers […]

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Notable Quote – Prof. Don Boudreaux

by Skip October 26, 2013

Economists of a certain stripe are fond of insisting that the failure of markets to live up in reality to the perfection of markets as depicted in textbooks is reason enough to empower government to “correct” these “market failures.” It’s been pointed out frequently (here at the Cafe and in many other places – and […]

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Data Point – More people not working than when Obama took office

by Skip October 22, 2013

The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics.   The BLS counts a person as participating in the labor force if they are […]

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Data Point – Look what Obama’s intransigence on the Shutdown & Debt Ceiling has wrought

by Skip October 8, 2013

THIS should be absolutely terrifying – any time a bond yield goes asymptotic like this, bad things are ALREADY happening! ” Treasury bills are getting hit hard today as the debt ceiling deadline approaches with little signs of an agreement in Congress to raise it.   The chart below shows how the yield on the 1-month […]

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Debt Ceiling – are YOU comforted by Obama’s negotiating skills? Banks aren’t.

by Skip October 6, 2013

From the Washington Post’s Wonkblog: Wonkbook’s Number of the Day: 20 to 30 percent. That, according to a senior US bank executive quoted in the Financial Times, is how much extra cash his bank is delivering to ATMs to prepare for the risk that a breach of the debt ceiling sets off a bank run. […]

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Data Point – Economic Confidence (can you say “cliff time”?)

by Skip October 4, 2013

(H/T: AEIdeas)

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About the SEIU trying to unionize fast food joints? A word of caution

by Skip August 29, 2013

Today is the day where various unions (chief amongst them, the SEIU) are trying to have fast food workers conduct a strike across a number of large cities against the likes of McDonalds, Kentucky fried, Wendy’s, Subway et al.  CNN, the liberal new site, portrays this in Occupy (e.g., socialist / communist) language (thanks to […]

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Data Point – the cost of Renewable Energy

by Skip July 30, 2013

An abstraction from the Wall Street Journal (via Junk Science): Wind and solar make up 3.5% of America’s electrical generation Denmark gets 30% of its electrical generation from wind Germany gets 12% of its electrical generation from wind and solar Germany has used used $250 Billion to deploy to 12% By 2020: Denmark wishes to […]

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Obamacare claims more victims: Juicy Couture. Clueless employees, though

by Skip March 28, 2013

Capitalism is easy to understand; here are Skip’s Rules: Rule Number 1: The company owns the job.  Not you.  While good employers care about their employees, the Company comes first, long term. Rule Number 2: Companies exist to make a profit. You have their job until you no longer help them make a profit. Rule […]

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Todd I. Selig – Economic Ignoramus or Just Deceptive?

by Scott Morales March 23, 2013

Porous condoms, bustiered moobed construction workers, medieval royal exclamations with a dash of Dorothy skipping rubies down the golden road all at the expense of some poor statist once-a-plebe trying to ply more cash from the pockets of his neighbors to meet his illusory expectation of what should be done and pretending to solve a […]

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Progressive Economics – what POSSIBLY (long term) could go wrong?

by Skip March 16, 2013

(H/T: Liberal Logic 101)

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Notable Quote – James Gwartney and Richard Stroup

by Skip February 27, 2013

Similarly, the record of government planning in the United States is fraught with internal inconsistencies. The federal government both subsidizes tobacco growers and propagandizes against smoking. It pays some farmers not to produce grain products and, at the same time, subsidizes others with irrigation projects so they can grow more of the very same grain […]

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Consider the consequence of a decision – or the keeping of a promise

by Skip February 20, 2013

Unlike our Tranparency-in-Chief Obama who has, over and over, promised that his Administration would be the most transparent ever (as in former EPA Head Lisa Jackson using TWO unofficial email address to keep official business, well, opaque to the public), this boss was very transparent as to what would happen: A southwest Ohio woman says […]

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Tyranny #3 – Minimum wage isn’t about economics – it’s about “Community”, dontcha know?

by Skip February 6, 2013

“All one community…“ Of all the reasons to raise a minimum wage (leaving aside for the moment, the utter crassness of know-it-all politicians who believe they know what’s best for the health of a company, especially a small biz in this economy, than the owners do), this has GOT to be one of the stupidest: […]

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We’re going down: Democrats soon to be warning about “extremist economists”

by Tim Condon January 18, 2013

Why is that? Because many knowledgeable people are beginning to blow the whistle on our current spending insanity. Such as…

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Data Point – Global Growth Collapsing?

by Skip September 27, 2012

Not looking to give that “warm fuzzy feeling”, eh? (H/T: Business Insider)

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Data Point: Household Incomes down 8.2% under Obama Administration

by Skip September 25, 2012

Note: the time limit for Obama to keep blaming Bush has expired.  The time limit has been reached and expired in which Obama can keep blaming what he inherited – he campaigned for the job. Note: this is a result of his Administration, his ideology, his grasp of systematic economics, and his skill as a […]

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The Obama Hubris-o-meter is moving to full tilt…

by Skip February 2, 2012

Bumped and updated (from 3/2009):  Well, 2011 is over, and how did Obama’s car, the Chevy Volt, do?  After all, he declared that NOW, Americans would finally get the cars that they wanted and that 1,000,000 would be sold by 2015. Eh, what was that, how many?  Er, this many: …GM sold just 603 Volts […]

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Club for Growth Presidential Whitepapers; a Roundup

by Mike December 30, 2011

Over the past few months, we’ve presented the CFG Presidential Whitepapers as they became available, and it seems timely to repost the links and update the comments as we go into the final stretch for the primary. These exceprts and comments are meant to give a flavor of each candidate’s report – Click on any […]

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I guess this is the outgrowth of Obama blaming unemployment on ATMs

by Skip November 6, 2011

And one has to wonder when Statists say that there is never a regulation that is harmful?  Let’s see – 9% unemployment, people stuck on unemployment for an average >40 weeks, and Obama says his #1 Job is jobs? And the answer by his we have to go back to mule power? Jane Danowitz, director […]

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Democrat’s Say The Dumbest Things

by Steve MacDonald November 6, 2011

Mr. Morse and the left would have you believe that jobs spring from government like Eve from the rib of Adam. They do not want to admit that ‘government’ is itself a luxury item that must be paid for like anything else’ by the product of the private sector risk taking. Good government cannot exist without the conscience of better men giving a portion of their property for some guarantee of stability and a promise to protect their property in exchange.

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Pension?

by Skip October 26, 2011

(H/T: Big Government)

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The Garbage Police

by Rick Olson October 25, 2011

“Law, without force, is impotent.”  —Blaise Pascal The City of Manchester, in its infinite wisdom, seeks to enact an anti-scavenging ordinance prohibiting the scavenging of recyclable items from curbside bins. Under the new measure, violators would be slapped with a fine.  If this ordinance is enacted, the homeless and ‘ner-do wells’ who scavenge cans bottles […]

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OCCUPY WALL STREET FOR DUMMIES

by Rick Olson October 18, 2011

“In hindsight it may even seem inevitable that a socialist society will starve when it runs out of capitalists.”  —Larry Niven How does one become an Occupy Wall Street Protestor? A quest for understanding in a somewhat complicated topic. Why? Because there are some who seem to demonstrate a modicum of intelligence and articulate usage […]

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Obama’s Economy…

by Rick Olson October 3, 2011

 “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” —Thomas Sowell                       

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Jeanne Shaheen: “Porking” Those Tax Increases Down Our Throats

by Rick Olson October 3, 2011

  “If Thomas Jefferson thought taxation without representation was bad, he should see how it is with representation …” —Rush Limbaugh Today’s Union Leader Editorial, entitled, “Free Cops!” points once again to the ills of  having a big-government Democrat like Jeanne Shaheen serving the Granite State in the U.S. Senate. Like her liberal counterpart, former Congressperson […]

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