Economics

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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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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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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