Keyword: economics

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  • Thomas Sowell Returns

    11/26/2018 8:57:39 PM PST · by OddLane · 32 replies
    Reason Magazine ^ | Decemer 2018 | Thomas Winslow Hazlett
    Thirty-eight years ago, Reason contributor Thomas Hazlett and Senior Editor Manny Klausner sat down with University of California, Los Angeles (UCLA) economist and social scientist Thomas Sowell for a sprawling interview about race, gender, poverty, economics, and what he viewed as the government's many failed and misguided attempts to lift up poor minorities. Sowell talked about his history as a Marxist, his frustrations with working in government, and why he rejects the label "libertarian," preferring instead to describe himself as "a person who dissents from the current liberal orthodoxy." That interview occurred not long after the publication of one of...
  • Socialism Is the ‘Leeching’ of Our Time

    11/10/2018 10:45:56 AM PST · by Thalean · 23 replies
    American Greatness ^ | Nov 9, 2018 | Spencer P Morrison
    Published in 1818, Horace Smith’s “Ozymandias” imagines a London long-since abandoned—the English civilization is gone. Collapsed. The city is a new Rome. A half-forgotten memory like Babylon. Troy. "…We wonder—and some Hunter may express Wonder like ours, when thro’ the wilderness Where London stood, holding the Wolf in chase, He meets some fragment huge, and stops to guess What powerful but unrecorded race Once dwelt in that annihilated place." Perhaps this is London’s destiny—perhaps it’s ours too. After all, many of America’s greatest cities are decaying before our very eyes. Consider Detroit. Its population plummeted by 63 percent since 1950,...
  • Zimbabwe Parliamentary Committee to Engage US Congress on Sanctions

    10/23/2018 4:10:35 AM PDT · by piasa · 8 replies
    Bulawayo 24 News ^ | October 22, 2018 | Staff
    THE Parliamentary Committee on Foreign Affairs and International Trade is planning to meet members of the United States Congress and the European Union to discuss the removal of sanctions as part of its re-engagement drive. In an interview yesterday, committee chairperson, Kindness Paradza said the committee's major thrust is re-engagement and international trade. "Foreign Affairs is the face of Zimbabwe and we have been given an additional mandate which is international trade. So, what we are going to do this session is to assist the Ministry of Foreign Affairs in re-engagement programmes, as well as bringing in foreign direct investment...
  • Real Economics

    10/10/2018 6:46:12 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | October 10, 2018 | Walter E. Williams
    A widely anticipated textbook, "Universal Economics," has just been published by Liberty Fund. Its authors are two noted UCLA economists, the late Armen A. Alchian and William R. Allen. Editor Jerry L. Jordan was their student and later became a member of President Ronald Reagan's Council of Economic Advisers, as well as the president and CEO of the Federal Reserve Bank of Cleveland. Professor Alchian was probably the greatest microeconomic theorist of the 20th century, while Professor Allen's genius was in the area of international trade and the history of economic thought. Both were tenacious mentors of mine during my...
  • Tuesdays with Teeka: America’s Second Civil War

    10/09/2018 10:26:40 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | October 2, 2018 | Teeka Tiwari
    I see a Second Civil War breaking out in America. Now, I realize we’ve heard this before. And when I first uncovered this research, I almost dismissed it as sensationalist clickbait. But I’m glad I didn’t. This Civil War won’t be a shooting war. We’re not going to have a war between the North and the South on the battlefields of Fort Sumter or Gettysburg. It’ll be an economic Civil War… One in which states could exert their financial independence. And for the first time, we have the technology to make this possible. Before I get to the technology, I...
  • Japan, U.S. to hold third economic dialogue mid-November: government officials

    10/04/2018 11:50:01 PM PDT · by blueplum · 1 replies
    Reuters ^ | 04 Oct 2018 | Yoshifumi Takemoto; Leika Kihara; Michael Perry
    TOKYO (Reuters) - Japan and the United States will hold a third round of bilateral economic dialogue when U.S. Vice President Mike Pence visits Japan in mid-November, Japanese government officials said on Friday. The trade talks are led by Japan’s Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer, who met in August to start what the two sides call “free, fair and reciprocal” negotiations. The trade talks fall within broader bilateral economic discussions led by Pence and Deputy Prime Minister Taro Aso, who is also finance minister. U.S. President Donald Trump has made clear he is unhappy with...
  • National debt crisis: what does $136 trillion look like?

    10/03/2018 12:49:31 PM PDT · by fugazi · 25 replies
    Unto the Breach ^ | Oct. 3, 2018 | Chris Carter
    Congress admits to having already spent $21.5 trillion (that’s $21,500,000,000,000.00) they don’t have. If you are a taxpayer, your share is a little over $58,000. What your senators and representatives would rather you didn’t know is that our reported debt is like an iceberg: what you see is only the tip. 90 percent of the iceberg lies under the surface. The dirty little secret is that we are obligated to pay around $115 trillion – on top of the national debt – to programs like Social Security, Medicaid, and Medicare. [...] Altogether, the U.S. federal government has run up a...
  • Alexandria Ocasio-Cortez to debate economics professor who describes socialism as a scam

    09/26/2018 8:09:47 AM PDT · by RoosterRedux · 32 replies
    hotair.com ^ | John Sexton
    You wouldn’t know it from looking at the news coverage but Alexandria Ocasio-Cortez actually has a Republican opponent in the race taking place in the 14th congressional district of New York. Anthony Pappas is a professor of economics who got his Ph.D. in economics from Yale and who teaches at St. John’s University. Pappas recently announced on his campaign website that he has accepted an invitation to debate Ocasio-Cortez (h/t DailyWire). “On Thursday, September 21, 2018, our campaign manager was contacted by QueensLatino news publisher, Javier Castano, to confirm a debate between the two major party candidates in New York’s...
  • Trump’s Chinese Tariffs Are a Necessary ‘Evil’

    09/22/2018 1:30:11 PM PDT · by Thalean · 3 replies
    American Greatness ^ | September 22, 2018 | Spencer P Morrison
    President Trump announced this week he would levy 10 percent tariffs on some $200 billion worth of Chinese goods. The tariff is scheduled to take effect on September 24, and is slated to increase to 25 percent by year’s end. Of course, China pledged to retaliate with tariffs of “equal scale and equal strength.” This has some American exporters worried. After all, China is the fourth-largest buyer of American goods. Even more important to these exporters, the Middle Kingdom is the world’s largest untapped consumer market. China is El Dorado—were it only open for business. GOP bigwigs agree, and are...
  • Immigrants Won’t Pay for Our Pensions—We’ll Pay for Theirs

    09/14/2018 12:29:29 PM PDT · by Thalean · 9 replies
    American Greatness ^ | September 14, 2018 | Spencer P Morrison
    Ask any Democrat why they support open borders and invariably they will respond with one of two pre-packaged answers: because “diversity is our strength” or “we need immigrants to pay for our pensions.” The first argument is a sham: if liberals valued diversity they would welcome conservatives to college campuses and tolerate them online. They don’t. Instead, they protest when anyone to the right of Marx dares speak on campus—remember the “progressive” response to Milo Yiannopoulos at Berkeley? It was an orgy of violence and rioting. Likewise, the Left enthusiastically de-platforms conservative voices on social media. For Democrats, diversity means...
  • Give Trump the Nobel Prize for Economics

    09/10/2018 9:34:15 PM PDT · by Helicondelta · 29 replies
    townhall.com ^ | Sep 11, 2018 | Stephen Moore
    This past week I asked a friend at the White House about how the president was holding up against the onslaught of media attacks. "They didn't even deliver a glancing blow," was the response. It wasn't for a lack of trying. Has any president in modern times been the target of such a Blitzkrieg of orchestrated assaults -- from John McCain's funeral turned anti-Trump scrum to Bob Woodward's discredited new book trashing the president to the media infatuation with the anonymous New York Times op-ed by a disgruntled federal employee who hates President Trump. Here we go again. Trump is...
  • The Left is Right

    09/09/2018 3:00:32 PM PDT · by Virginia Christian Alliance · 19 replies
    Virginia Christian Alliance ^ | 9/9/2018 | Dan Wolf
    Is the current economic growth is due to the Obama administration? Dan Wolf's research based upon data and analysis from the US Census Bureau, Bureau of Labor Statics, U.S. Bureau of Economic Analysis, and others,are truly revealing what the left will not want us to know. I wasn’t sure if this was the right time for this article. But after the left’s reporting and antics over the last couple of weeks about all that is supposedly wrong, I think we deserve a little reality. Liberals have proudly announced this last years economic growth is due to the Obama administration, and...
  • NAFTA 2.0 Won’t ‘Bring Back Our Jobs’

    09/04/2018 2:00:27 PM PDT · by Thalean · 5 replies
    American Greatness ^ | September 1, 2018 | Spencer P Morrison
    In 1993, President Bill Clinton promised that the North American Free Trade Agreement (NAFTA) would create “a million [American] jobs in the first five years.” He also said NAFTA’s “side agreements” would “make it harder than it is today for businesses to relocate solely because of very low [Mexican] wages or lax environmental laws.” Bill Clinton lied. More than 800,000 American manufacturing jobs moved to Mexico since 1993, “solely because of very low [Mexican] wages or lax environmental laws.” Not only was Clinton wrong, NAFTA also caused numerous unintended harms: the post-NAFTA unemployment wave is largely to blame for the...
  • Elizabeth Warren to introduce the 'Accountable Capitalism Act'

    08/15/2018 8:04:42 PM PDT · by Beave Meister · 71 replies
    The Washington Examiner ^ | 8/15/2018 | Pete Kasperowicz
    Sen. Elizabeth Warren, D-Mass., will introduce legislation Wednesday aimed at making the nation's largest companies accountable to employees and their local communities, not just shareholders. In an op-ed for the Wall Street Journal, Warren said companies in the late 20th Century started operating in a way that made them slaves to shareholders. "That shift has had a tremendous effect on the economy," she wrote. "In the early 1980s, large American companies sent less than half their earnings to shareholders, spending the rest on their employees and other priorities." "But between 2007 and 2016, large American companies dedicated 93% of their...
  • Chelsea Clinton: ‘Roe’ Helped Add ‘Three and a Half Trillion Dollars to Our Economy’

    08/13/2018 10:58:58 AM PDT · by rktman · 102 replies
    cnsnews.com ^ | 8/13/2018 | Craig Bannister
    bortion has been an important economic stimulus ever since it was legalized by the 1973 Roe v. Wade Supreme Court decision, Chelsea Clinton claimed at a "Rise Up for Roe" event on Saturday. At the event promoting opposition to President Donald Trump's Supreme Court nominee Brett Kavanaugh, the former First Daughter of President Bill Clinton credited legalized abortion for helping add trillions of dollars to the U.S economy because women who had abortions were more inclined to enter the labor force: "Whether you fundamentally care about reproductive rights and access right, because these are not the same thing, if you...
  • July 27 is free-market economist Milton Friedman's birthday: some favorite quotes and short videos

    07/27/2018 5:49:35 AM PDT · by harpygoddess · 6 replies
    VA Viper ^ | 07/26/2018 | Harpygoddess
    Quotations from Friedman, variously attributed: Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player. The great virtue of a free market system is that it does not care what color people are; it does not care what their religion...
  • Minority of SNAP recipients spend benefits

    07/14/2018 10:18:44 AM PDT · by spintreebob · 104 replies
    Atlanta Journal Constitution ^ | 7-10-18 | Nedra Rhone
    Most SNAP recipients spend ... early it increases food insecurity. 39% spend 2/3 of monthly benefit in the first 4 days. 14% of GA households are food insecure. Over 1.6 million (16%) utilized $2.54b in SNAP in GA. Few statistically significant differences explain why spending patterns are so different. We hoped we would be able to find something that said the ‘patient’ people do this and ‘impatient’ people do that, but we did not, Dorfman said. I guess it comes down to personality. Many households are connected to SNAP through local food banks and caseworkers at state agencies, DFCS, Camardelle...
  • A Match Made in Hi-Tech Heaven: Israel and South Korea

    07/04/2018 5:26:31 PM PDT · by 2ndDivisionVet · 1 replies
    The Media Line | July 4, 2018 | David Lee
    Link only due to apparent copyright issues: http://www.themedialine.org/biztec/a-match-made-in-hi-tech-heaven-israel-and-south-korea/
  • Remittances: Illegal Immigration’s $30 Billion ‘Hidden Tax’

    06/20/2018 10:29:45 AM PDT · by Thalean · 7 replies
    American Greatness ^ | June 20, 2018 | Spencer P Morrison
    Paris. The year is 1788. The air is heavy with the scent of impending revolution. Some praise the king in hushed whispers, others shout “Liberté! Egalité! Fraternité!” in the streets. Either way, the time for talk is over. How did it get to this point? The hopeful specter of radical liberalism played its part, as the father of modern conservatism Edmund Burke observes in his masterpiece Reflections on the Revolution in France. But most men aren’t dreamers. Most live parochial lives and think parochial thoughts—there’s no time to dream when you’re working to put bread on the table. For the...
  • No, Tariffs are Not 'Domestic Sanctions'

    06/11/2018 11:38:09 AM PDT · by Thalean · 98 replies
    American Greatness ^ | June 11, 2018 | Spencer P Morrison
    The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos). In fact, if a country includes democratic in its name, you can safely assume that it’s not democratic. This is a classic example of, what I like to call, the wisdom of irony: things are often not what they claim to be, and the more they claim, the less they are. Consider Reason Magazine. In a recent piece, columnist A. Barton Hinkle argues that tariffs are sanctions, since...