Economy
Here. Sometimes pictures do tell more than words can say.
Burton Folsom, Jr. on the Great Depression. Read his book.
Betsy McCaughey writes: …Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department. Senators should read these provisions and vote against them because they are dangerous to your health.…
Forbes magazine examines the difference between America’s private and public sector (H/T): In public-sector America things just get better and better. The common presumption is that public servants forgo high wages in exchange for safe jobs and benefits. The reality is they get all three. State and local government workers get paid an average of…
As Obama, Pelosi and Reid accelerate the implementation of socialistic practices in America – building on what Bush started – it is helpful and necessary to reacquaint ourselves with fundamental economic principles and some specific significant issues animating today’s public debate. FUNDAMENTAL ECONOMIC PRINCIPLES The 17-blog post series below was originally put together in 2006…
According to the New York Times, “senior Democratic lawmakers” are opposed to the Republican proposal to create a long-term stimulus by lowering mortgage rates…[Senator Mitch McConnell] has proposed that the federal government subsidize mortgages with a fixed interest rate of 4 percent to 4.5 percent. Fannie Mae and Freddie Mac, the two government-controlled mortgage-finance companies,…
As I mentioned last week, the WSJ wrote an editorial about the ever-growing “economic stimulus” package. As they put it then: This is a political wonder that manages to spend money on just about every pent-up Democratic proposal of the last 40 years….this bill was written based on the wish list of every living —…
If there is going to be a major binge of stimulus spending in one form or another, and since Fannie Mae and Freddie Mac have already been taken over by the government anyway, doesn’t this stimulus proposal being put forth by Senate Republicans make a lot of sense, because it brings regular folks who have…
Disappointingly, URI economics professor Len Lardaro sums up the zeitgeist of the times: “These may not be stimulus funds in the strict sense,” Lardaro said, but they convey the sense that government is attacking the crisis head on. Bryant’s Edinaldo Tebaldi displays another symptom of the intellectual virus currently infecting economics academia: To Tebaldi, the…
John Kostrzewa’s article on the failure of the 401(k) in this past Sunday’s ProJo (which didn’t go immediately on line, for some reason) hit home for many, I’m sure. He focuses on the fact that the 401(k) “system” requires rank amateurs to make relatively un-educated investment decisions. He has a point, but it’s not just…
