Underreported story of the week: American-Mexican bilateral trade deal

by Skip September 1, 2018

“…Both the U.S. and Mexico have removed trade barriers, eliminated tariffs and subsidies…” My, my – it looks like the use of tariffs as an economic tool (when wielded correctly) is actually having a positive result.  As a Free Trader, if nationally based and anti-free trade tariffs and subsidies are eliminated, this can only be […]

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There’s a reason why NH ranks much higher than Maine

by Skip August 1, 2018

Reformatted, emphasis mine: “…The compilation data is stunning. In many of the selected reports, Maine lagged far behind New Hampshire for competitiveness for new industry, tax burden, cost of doing business, workforce education, infrastructure, regulatory environment and labor supply. New Hampshire came in, nationally, as the 15th best state in terms of business climate and […]

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Notable Quote – Jacob Viner

by Skip July 4, 2018

Beyond, moreover, its material benefits, it is clear that for Adam Smith laissez faire had ethical or moral value in that it left to the individual unimpaired “liberty” to which he had a natural right. It is quite probable, therefore, that Adam Smith would have rejected an extensive program of state regulation of economic enterprise […]

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Data Point – Tired of all that WINNING! yet? Hardest hit: Obama

by Skip June 27, 2018

IF true, that would be 2.5 times MORE than Obama’s “get used to the 2% new normal as it will never change” economic results.  For those Progressives that are mathematically and economically challenged (I know, I used to tutor them back in the day in college), this is YUUGGGEEE!  Now if we can only freeze […]

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And another SJW at work (that is, making herself feel good about herself) but…

by Skip May 29, 2018

…hurting the ones she professes to believe to be oppressed and MUST be set free by Government Decree (emphasis mine): Actress Sarah Jessica Parker recently held a gala to raise funds for the One Fair Wage campaign which is designed to raise wages for those in the restaurant industry.  Some tickets went for $50,000 and each […]

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Notable Quote – Prof. Don Broudreau

by Skip May 27, 2018

Economic competition is the most reliable and incorruptible form of regulation. If in free markets that are unsullied by government favoritism an airline mistreats its passengers or a bank is careless with its customers’ deposits, the market punishes these firms with losses and, if they don’t mend their ways, with bankruptcy. In other words, when […]

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Quick Thought – Another view of “Neal Kurk’s Assault on the Truth” – Amelia M Keane is economically illiterate

by Skip May 6, 2018

Ed does a good job at taking apart NH State Rep (and House Finance Chair) Neil Kurk who deliberately wanted SB193 to fail and used all kinds of #FullOfShiff reasons to deliberately state untrue (IMHO) crap to persuade the ignorant-of-the-real-workings of the bill. You’d think that he’d think the whole thing over even if just […]

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What Book(s) Would You Give?

by Ellen Kolb December 17, 2017

The recent Granite State Taxpayers party ended with a Yankee swap of the best kind: books, preferably from one’s own bookshelf, on politics or economics. We had an interesting mix by the time all the packages were claimed. Every holiday gathering should end with books for all, as far as I’m concerned. So, readers, I’m […]

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Data Point – Where is our electricity coming from?

by Skip November 27, 2017

The labeled horizontal lines on these charts aim to give a sense of perspective on electricity consumption levels across the world. For example, in the chart below a very large hydro or nuclear plant could produce enough electricity to meet the demands of 100 million people in Ghana; a large hydro, nuclear, or coal plant […]

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A lesson from the First Thanksgiving

by Skip November 23, 2017

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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Data Point – Three quarters in a row?

by Skip November 12, 2017

All leading economic forecasters said it would be impossible for President Trump’s MAGAnomic plans to generate 3% GDP growth in the first year.  President Obama said it was impossible and Trump would need a “magic wand, or something“. Well, three months after taking office (April-June), it was Quarter 2, and the U.S. GDP began growing over […]

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World Economy explained with two cows – Part 4

by Skip October 27, 2017

And then asks for money for next year’s budget for a job well done. (H/T: Pinterest)

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Data Point – 3rd quarter GDP 3.0% rise

by Skip October 27, 2017

This is on the heels of last quarter’s 3.1% rise – two quarters in a row of above 3.0% since 2014 under Obama (and that year turned in a measly 2.4% overall).  No, two points in a row does not yet make a trend but predictions were showing around 2.4-2.5% due to Harvey, Irma, and […]

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Catching up Part 5 – Paul Hodes had Cognitive Dissonance again.

by Skip October 23, 2017

Concord Monitor (the ink-stained den for Progressives who have hard times stringing two coherent thoughts together) – on Jan 21, former CongressCritter Paul Hodes said that NH has to raise its entry labor costs in order to attract new businesses to NH (Yeah, as a former business owner, that gets my motor started on that […]

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World Economy explained with two cows – Part 3 Fascism

by Skip October 22, 2017

Actually, Fascism realized that, unlike Socialism, one can have the same outcome as Socialism / Communism.  The State didn’t need to own the sources of Production to control them – just an overarching set of laws and regulations that the owners of those means of production that result in effective control without being the legal […]

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Notable Quote – Prof. Dan Boudreaux on “Price Gouging”

by Skip October 11, 2017

Some letter-writers who criticize my defense of so-called “price gouging” mistakenly assume that I oppose charitable actions to help victims of natural disasters (Letters, Oct. 11).  In fact, I applaud any and all outpourings of such generosity.  To the extent that big-hearted people make available, at zero or very low prices, additional supplies of goods […]

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Notable Quote – The essence and foundation of capitalism

by Skip September 10, 2017

For one thing, mutually advantageous exchange is not the worst ethical school. It is better than the violent pride of aristocrats or the violent insolence of bureaucrats. And in economic liberalism, the human desire to excel is provided millions of honorable paths, from model railway building to show business, as against in illiberal societies the […]

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Notable Quote – Steve Horowitz

by Skip September 9, 2017

The laws of economics are not suspended in an emergency, no matter what the laws of politicians attempt to do. When goods are more scarce, they will be costly to obtain, whether those costs are in terms of money or something else. The importance of letting market prices do their job and determining who gets […]

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When Big Government tries to “make a market” when none exists

by Skip July 13, 2017

Fools.  There are just too many people in Government that believe, simply by dint of receiving a government paycheck, that they know better than everybody else on what they should buy and when.  Like the Cash for Clunkers that didn’t meet its goal of Keynesian “stimulating” the auto industry by paying people up to $4,500 […]

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DISQUS Doodlings – whereupon NH State Rep Timothy Horrigan, once again, shows economic illiteracy

by Skip June 30, 2017

Even though he at least shows up here once in a while,  NH State Rep Timothy Horrigan’s comments are often off topic, irrelevant, or plain wrong.  In Steve’s post, McDonald’s Pulls the Trigger: Replacing Cashiers With Kiosks in 2500 Locations, he manages the trifecta of all three.  Like this one: As for the $15 wage, McDonald’s already […]

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The mineshaft that is California and its canary is restaurants. Dead ones.

by Skip June 30, 2017

I have been involuntarily offline for a while – the Grandson has been staying up too late (his daytime nap times are changing affecting my “uninterrupted time” at night), certification exams for work – and my laptop crapped out early this week.  I just got it back thanks to Josh and his crew at Same […]

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Will Progressives hold themselves accountable for the results of their wage policies?

by Skip April 15, 2017

Pfft – silly question, folks!  Just ask Timothy Horrigan (more on him in another post) – HECK no.  Never do.  Not just in wage policies but ANY policy that comes up.  Like HeadStart – billions have been spent on it and even HHS’s own study of HeadStart showed it was a loser – unless it […]

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Notable Quote – Don Lavoie

by Skip April 13, 2017

It is indicative of a peculiar view of society when the (voluntary) actions of millions of market participants are dismissed as inaction merely because active (coercive) involvement by the government is minimized. -Prof. Don Lavoie (Economics, National Economic Planning: What Is Left?🙂 (H/T: Cafe Hayek)  

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Notable Quote – Ludwig von Mises

by Skip April 11, 2017

Smith’s books did not lay the foundation stone, but the keystone, of a marvelous system of ideas.  Their eminence is to be seen precisely in the fact that they integrated the main body of these ideas into a systematic whole.  They presented the essence of the ideology of freedom, individualism, and prosperity, with admirable clarity […]

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Notable Quote – Arnold Kling

by Skip January 14, 2017

There are several fundamental concerns with the presumption of a wise, benevolent policy process. It treats the knowledge embedded in an economist’s simplified model as though it were complete knowledge. It ignores the ways that markets adapt to solve problems. And it presumes that when the political process goes to work on problems, it arrives […]

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Economic Moron: Philly Mayor Jim Kenney

by Skip January 14, 2017

When you lay down policies that would have adverse results on a given business, Democrat politicians get upset when it’s shown that these same Democrats: Keep failing the Law of Unintended Consequences Can’t do math Don’t understand that almost all businesses are going to act in their own self-interest. So, Philadelphia Mayor Jim Kenney was […]

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Notable Quote – Abigal Hall Blanco

by Skip December 29, 2016

But there is one thing I hope all my students remember forever—the role of prices and private property. In particular, I want them to remember how these mechanisms are vital for a free and prosperous society. I make it clear to them that I think this material is of the utmost importance. In fact, prior […]

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Betcha she’ll no longer be proud of the US come Jan 21, too

by Skip December 27, 2016

SHOT: “We feel the difference now. See, now, we are feeling what not having hope feels like,” she told Oprah Winfrey in an interview, a clip of which aired on CBS on Friday. “Hope is necessary. It’s a necessary concept and Barack didn’t just talk about hope because he thought it was just a nice […]

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And the Democrat Progressives want us to outsource our governance to “The Expert Technocrats”. Ahem?

by Skip November 21, 2016

Just too good not to lift pretty much right from Instapundit – just know that PREVIOUSLY, Krugman was exactly that: a Nobel laureate in Economics.  Behold his expertise! PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.” WSJ, tonight: “The S&P 500, Dow Jones Industrial Average […]

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Notable Quote – Mark Perry

by Skip October 24, 2016

Remember that the real minimum wage is always zero, because that’s the wage that hundreds of thousands, possibly millions of workers will receive following an increase in the minimum wage to $15 an hour, because they will either lose their jobs or fail to find jobs when they enter the labor force. (See Congressional Budget Office […]

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