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Keyword: economics

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  • America 1950 vs. America 2020

    09/15/2020 11:32:24 PM PDT · by MacNaughton · 39 replies
    Economic Collapse Blog ^ | 9/14/2020 | Michael Snyder
    If you could go back to 1950, would you do it? There would be no Internet, no cellphones and you would only be able to watch television in black and white. But even though they lacked many of our modern conveniences, people genuinely seemed to be much happier back then. Families actually ate dinner together, neighbors knew and cared about one another, and being an “American” truly meant something. Today, we like to think that we are so much more “advanced” than they were back then, but the truth is that our society is in the process of falling apart...
  • Is it possible to build a mile-high skyscraper?

    09/15/2020 6:05:57 PM PDT · by DUMBGRUNT · 94 replies
    Big Think ^ | 14 Sept 2020 | MIKE COLAGROSSI
    Frank Lloyd Wright originally proposed The Mile-High Illinois in the 1950s. Innovations in construction materials and elevators are necessary to reach the one mile height and beyond. We may see the first mile-high skyscraper by the middle of the 21st century. The undefeated champion of the skies right now is the Burj Khalifa in Dubai, which stands at 2,717 feet (roughly half a mile) and is the tallest building in the world. Although take that with a grain of dusty salt—only 1,916 feet of the Burj Dubai is occupiable space, the rest is vanity height, meaning nearly 800 feet is...
  • Public Policy Without Ethics

    09/12/2020 4:12:59 AM PDT · by Kaslin · 1 replies ^ | September 12, 2020 | John C. Goodman
    Democratic voting naturally pressures politicians to endorse policies that will get them the most votes. But you almost never hear a politician admit that. Have you ever heard a politician say, “In the next election I will support whatever policies the polls tell me are most likely to get me elected”? I bet you haven’t. If a candidate for office did say something like that, almost everyone would find it distasteful.If you find this paradoxical, it’s a paradox with a long history. Our notions of democracy come from ancient Greece. Our notions of good government come from the same place.For Aristotle,...
  • Book Review: ‘The Next Millionaire Next Door’

    09/11/2020 6:58:58 PM PDT · by tbw2 · 31 replies
    Owlcation ^ | Jan 30, 2020 | Tamara Wilhite
    “The Next Millionaire Next Door” is a repeat of the landmark study from the classic book “The Millionaire Next Door”. Written by Thomas J. Stanley and his daughter Dr. Sarah Stanley Fallaw, it provides insight into the original work, addresses criticisms of it and a whole new data set. Yet the “next” millionaire next door book is not just an analysis of the original. It contains new information, and it builds on related works by others that borrow from the original millionaire next door book.
  • 'Conservative' Scarborough Echoes the Left: 'Working Class' Shouldn't Vote GOP

    Those ignorant working-class Republicans are just too dumb to realize they should be voting for us!That, in a nutshell, is a key Democrat kvetch when it comes to economics. Put in somewhat more academic terms, Democrats like to say that working-class Americans are "voting against their economic interests." The notion was made famous by leftist author Thomas Frank in his book, What's the Matter with Kansas? And the complaint has been echoed countless times since by a parade of progressives. [snip] Scarborough today also parroted that same classic leftist trope. It came in his Washington Post column that his wife...
  • Rapper Akon reveals plans for the futuristic $6bn city that he will build in Senegal modelled after Black Panther's Wakanda

    09/02/2020 9:06:40 AM PDT · by C19fan · 87 replies
    UK Daily Mail ^ | September 2, 2020 | Tom Pyman
    Rapper Akon has revealed plans for a futuristic $6 billion city in his Senegal homeland modelled on Black Panther's Wakanda. The R&B star, who boasts two multi-platinum albums, told a news conference on Monday he had laid the first stone for the city in the Atlantic Ocean village of Mbodiene, around 60 miles south of the capital Dakar. The solar-powered Akon City will offer hotels, a university, hospitals, business and leisure centres including a casino, as well as movie studios, all featuring futuristic designs by architect Hussein Bakri, with African sculptures for inspiration.
  • Book Review: 'Economic Facts and Fallacies' by Sowell

    08/22/2020 4:57:58 PM PDT · by tbw2 · 8 replies
    Owlcation ^ | November 5, 2019 | Tamara Wilhite
    “Economic Facts and Fallacies” by Thomas Sowell came out in 2008, but like many of Thomas Sowell’s other books on economics, it remains a classic. What are the strengths and weaknesses of this book? How does it compare to his other major works?
  • The Resistance Library Podcast: The Economics of Slavery With Mises Institute Fellow Mark Thornton

    08/21/2020 5:09:37 PM PDT · by ammodotcom · 6 replies ^ | 8/21/2020 | Sam Jacobs
    On this episode Sam invites Mark Thornton onto the show. Together they discuss the economics of slavery and the long lasting effects of it on economies. Mark Thornton is an economic historian and a senior fellow with the Mises Institute. While everyone knows a bit about slavery, few think about the economics of it. It is the contention of Thornton that slavery was not a profitable institution in the antebellum South and that its after effects continue to drive the industrial underdevelopment of the region today.
  • CATO Economist SLAMS WSJ’s Sloppy Arguments Pushing More Federal State Bailouts

    08/20/2020 11:59:26 AM PDT · by JV3MRC · 1 replies
    NewsBusters ^ | 8/20/2020 | Joseph Vazquez
    One top CATO economist is letting The Wall Street Journal have it for pushing more federal bailouts for states and using liberal spin to justify it. CATO Director of Tax Policy Studies Chris Edwards slammed The Journal for pushing “a biased news story regarding state budgets” in a piece headlined “Error and Spin in Wall Street Journal Budget Article.” The Journal’s story, headlined “Coronavirus-Hit State Budgets Create a Drag on U.S. Recovery,” reflects “only Keynesian thinking, exaggerates the plight of governments, and only quotes analysts in favor of more federal bailouts,” according to Edwards.
  • Investor Immigrants Will Stimulate the Economy

    08/11/2020 6:02:09 AM PDT · by Kaslin · 26 replies ^ | August 11, 2020 | Stephen Moore
    One way President Donald Trump built the best economy in 30 years was by attracting nearly $1 trillion of foreign capital to these shores. This money got invested in new business startups and expanded existing Made-in-America businesses. This "repatriation tax holiday" worked like a charm. Millions of jobs were created -- and this was a major contributing factor to the American economic sonic boom. Now, we've been flattened by a pandemic, and the rebuilding job is underway. We need another infusion of investment capital into the U.S. -- and quickly -- to get the 25 million jobs back that were...
  • Matt Bracken: Ammunition Is Money as Communists Get Ready To Shoot Back (Video)

    08/07/2020 8:09:58 AM PDT · by Perseverando · 116 replies
    Banned Video ^ | August 6, 2020 | Matt Bracken
    Matt Bracken guest hosts The Alex Jones Show to break down the true value of stocking up on ammunition.
  • How To Keep Corporate Wokeness From Destroying America

    08/01/2020 11:24:43 AM PDT · by Signalman · 15 replies
    The Federalist ^ | 7/31/2020 | Willis L. Krumholz
    The last few months have brought rioting, targeted violence toward police officers and conservatives, flag burning, and wanton destruction in U.S. cities. American society is also in turmoil. Ordinary Americans fear being “canceled” for saying the wrong thing or having the wrong ideas. Two New York Times editors have been ousted, and reporters all over the country feel increased pressure to conform to a specific narrative. A Chicago Federal Reserve economist was fired for politely criticizing the policy positions of the Black Lives Matter (BLM) organization. These are but a few examples. Some of America’s largest multinational corporations are not...
  • A Living Document

    06/16/2020 8:35:52 PM PDT · by OddLane · 5 replies
    Youtube ^ | 6/16/20 | Gerard Perry
    Some thoughts on the real problem behind SCOTUS's transgender expansion of the 1964 Civil Rights Act.
  • The cancel culture twitter mob comes to economics

    06/16/2020 9:57:13 AM PDT · by karpov · 10 replies
    The Grumpy Economist ^ | June 16, 2020 | John Cochrane
    Last week we learned the twitter mob has taken over economics too. In case you aren't following, here is the short version of the story. Harald Uhlig, a distingushed macroeconomist at the University of Chicago, sent out a few tweets questioning the wisdom of quickly "defunding the police." The twitter mob, led by Paul Krugman and Justin Wolfers, swiftly attacked. A petition circulated, reportedly gaining 500 signatories, demanding his removal as editor of the Journal of Political Economy. That petition has been taken down and I can't seem to find it to verify just who did sign it. But I...
  • By Forcing Control On Hong Kong, Beijing Killed The Golden Goose

    05/30/2020 8:00:27 AM PDT · by Kaslin · 8 replies
    The Federalist ^ | May 30, 2020 | Helen Raleigh President Donald Trump announced Friday that he has directed his administration to “begin the process of eliminating policy exemptions that give Hong Kong different and special treatment.” His announcement came a day after China’s People’s Congress passed Beijing’s controversial new national security law related to Hong Kong. Trump’s announcement will profoundly affect the future of Hong Kong and the U.S.-China relationship.The president’s decision was based on Secretary of State Mike Pompeo’s certification to Congress Wednesday that “Hong Kong is no longer autonomous from China,” a decision he said gave him no pleasure but that “sound policy-making requires a recognition...
  • Quarantine Will Ruin the Economy, Not Save Lives

    05/25/2020 9:45:18 AM PDT · by Thalean · 11 replies
    American Greatness ^ | May 24, 2020 | Spencer P. Morrison
    The media has riled Americans into a frenzied panic over COVID-19. Concerned, corrupt, and ignorant politicians alike have used fear of COVID-19 to institute neurotic “social distancing” policies. Tens of millions of Americans are now prohibited from working, from seeing loved ones, from worshipping—the nation’s greatest churches were empty this Easter. America’s government has suspended the freedoms enshrined in the Constitution and destroyed the economy. And for what? Nothing. New data reveals that COVID-19 is not the pandemic we were promised. The media compares COVID-19 to the Spanish Flu, which killed 50 million people in the wake of World War...
  • U.S. Gun Sights Maker Re-Engineers Factory To Supply Elite Military During Pandemic

    05/22/2020 7:28:41 AM PDT · by Kaslin · 13 replies
    The Federalist ^ | May 22, 2020 | Madeline Osburn
    'There's no one in the U.S. that does what we do. That would leave the option of really going to Asia...and there's no chance that they can deliver the kind of quality that we do." Leupold is a 113-year-old, family-owned business manufacturing rifle scopes, firearm sights, and other optics in Beaverton, Oregon. With more than 650 employees and a factory that runs seven days a week, they manufacture the types of products that have to work every time, under pressure.“That moment of truth when is when you’re behind that sight and pulling the trigger, and we want to make sure...
  • Covid-19 Proves We Need America First Trade Policy

    05/17/2020 3:01:26 PM PDT · by Thalean · 10 replies
    American Greatness ^ | May 16, 2020 | Spencer P. Morrison
    In World War II, America produced the gauze, iodine, and syringes that allowed allied troops to soldier on in the face of bloodshed and broken bones. Times have changed. Today, America cannot produce the basic medical supplies it needs to fight COVID-19. Alex Azar, the Health and Human Services secretary, told the House Appropriations Committee that America needs 25 times more masks than it currently has stockpiled. Worse still, it turns out that America cannot even manufacture the masks it needs because most of the factories are in China. Evidently, it will take years for domestic mask-makers to fulfill the...
  • Wisconsin Supreme Court Strikes Governor’s State Lockdown Extension

    05/15/2020 10:19:26 AM PDT · by Kaslin · 24 replies
    The Federalist ^ | May 15, 2020 | Matt Kttlle, Wis. — Declaring that the state’s top health official wrongly bypassed legislative oversight, the Wisconsin Supreme Court on Wednesday struck down the Evers’ administration’s extended lockdown of the state.The 4-3 decision by the conservative-led court declares Wisconsin Department of Health Services Secretary-designee Andrea Palm’s Emergency Order 28 “unlawful, invalid, and unenforceable.”“Because Palm did not follow the law in creating Order 28, there can be no criminal penalties for violations of her order,” the ruling notes. “The procedural requirements of Wis. Stat. ch. 227 must be followed because they safeguard all people.”Palm’s extended order, issued before Evers’ first stay-at-home edict...
  • With 26 Million Unemployed, Partially Opening Georgia’s Economy Is A Good Start

    04/25/2020 6:31:20 AM PDT · by Kaslin · 22 replies
    The Federalist ^ | April 25, 2020 | Jenny Beth Martin
    What some who don’t live in Georgia may not realize is that Gov. Brian Kemp’s original shelter-in-place order was not a total lockdown. Undeterred by his critics, Georgia Gov. Brian Kemp is moving forward with the bold decision to begin to reopen his state’s businesses and launch our return to normal life. According to an order Kemp promulgated Monday, nail salons, massage therapists, tattoo parlors, bowling alleys, gyms, and other businesses may reopen on Friday. In-person church services can reopen. On Monday, restaurants and movie theaters may reopen. Dentists’ and doctors’ offices and all other health care-related practices and services...