Keyword: economics

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  • 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...
  • Karl Marx, Free Trader

    06/06/2018 8:55:11 AM PDT · by Thalean · 14 replies
    American Greatness ^ | June 2, 2018 | Spencer P Morrison
    Marx believed that international free trade, or perhaps more accurately, Ricardian economic globalization, would pave the way for a glorious proletarian revolution. Specifically, Marx thought that free trade would increase wealth inequality and reduce wages for the majority of people, and that this tension inevitably would lead to conflict. While I hate to admit it, Marx is broadly right on this point. International free trade has indeed increased wealth inequality and reduced wages for the majority of Americans. In fact, the median American household was richer in the 1980s than today (better technology aside). Part of this is explained by...
  • SOCIALISM REBUKED: A reply to Francesca Fiorentini

    06/03/2018 6:29:15 AM PDT · by snarkpup · 9 replies
    Henrik Jönsson (YouTube channel) ^ | June 1, 2018 | Henrik Jönsson
    Last week I came across a viral video by the the AJ+ Network featuring the very fotogenic leftist activist Francesca Fiorentini. Their video is apologetic to socialism and designed to turn American voters to its cause. The video manages to be both dishonest and clueless at the same time. This is my rebuke and reply to the apologetics of Socialism.
  • In Britain, Austerity Is Changing Everything (barf Alert)

    05/29/2018 8:15:19 AM PDT · by Ennis85 · 24 replies
    New York Times ^ | May 28nd 2018 | New York Times
    After eight years of budget cutting, Britain is looking less like the rest of Europe and more like the United States, with a shrinking welfare state and spreading poverty. PRESCOT, England — A walk through this modest town in the northwest of England amounts to a tour of the casualties of Britain’s age of austerity. The old library building has been sold and refashioned into a glass-fronted luxury home. The leisure center has been razed, eliminating the public swimming pool. The local museum has receded into town history. The police station has been shuttered. Now, as the local government desperately...
  • This Brazilian Economist Once Marched for Socialism, But Became a Free-Market Hero

    04/26/2018 6:48:24 PM PDT · by arderkrag · 1 replies
    Foundation for Economic Education ^ | April 12, 2018 | Rafael Ribeiro
    Nothing is so contagious as example; and we never do any great good or evil which does not produce its like. — Francois de la Rochefoucauld (1613-1680). Heroes for liberty are not particular to any region of the world or to a particular time period or to one sex. They hail from all nationalities, races, faiths, and creeds. They inspire others to a noble and universal cause—that all people should be free to live their lives in peace so long as they do no harm to the equal rights of others. They are passionate not solely for their own liberty,...
  • Was Finland’s Universal Basic Income Program A Failure?

    04/25/2018 10:46:49 AM PDT · by bananaman22 · 19 replies
    Safehaven.com ^ | 04-25-2018 | Josh
    While it lasted, Finland’s social experiment that gave 2,000 unemployed people nearly $700 a month with zero strings attached was a decent take home for those who enjoyed its benefits over the 15 months—but the authorities say it’s not working and are moving to wind it down by 2019. In January 2017, Finland became first country in Europe to launch a universal basic income program, randomly choosing 2,000 individuals without jobs, aged 25 to 58, and giving them a fixed monthly income of $685 without the usual condition that they actively seek employment. It was a unique social experiment that...
  • Women most responsible for gender pay gap

    04/11/2018 9:57:36 AM PDT · by VegasVictor · 34 replies
    Las Vegas Review-Journal ^ | April 11, 2018 | Victor Joecks
    The people most responsible for the much-hyped gender pay gap are women. Tuesday was Equal Pay Day, a chance for liberals to lament that women in America make only 80 cents — or 81 cents in Nevada — for every dollar a male makes. Activists say a woman has to work more than 15 months to make as much as a man did in 2017. The hyper-liberal National Partnership for Women and Families calculates this by comparing the median annual earnings of men and women working full-time. Democrats and the national mainstream media take this as proof positive that America...
  • Black Political Power Means Zilch

    04/11/2018 8:50:17 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 11, 2018 | Walter E. Williams
    It's often thought to be beyond question that black political power is necessary for economic power and enhanced socio-economic welfare. That's an idea that lends itself to testing and analysis.Between 1970 and 2012, the number of black elected officials rose from fewer than 1,500 to more than 10,000. Plus, a black man was elected to the presidency twice. Jason Riley, a fellow at the Manhattan Institute, tells how this surge in political power has had little beneficial impact on the black community.In a PragerU video, "Blacks in Power Don't Empower Blacks," Riley says the conventional wisdom was based on the...
  • The Baguette Shop: A Parable About Trade

    04/06/2018 1:53:40 PM PDT · by Thalean · 6 replies
    American Greatness ^ | April 5, 2018 | Spencer P Morrison
    You own an artisanal bakery that makes the best $2 baguettes in town. Business is booming. In fact, business is so good that a German bakery opens up across the street. You’re not worried: their $3 baguettes are good, but not that good. You’re sure you can outcompete them in good ol’ American fashion—and let’s be honest, who’s ever heard of German baguettes? A month later you notice baguette sales are down. Why? You walk across the street to compare sales with the German bakery, and you see a sign: “Baguettes Now $1.” How could they possibly afford to bake...