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Keyword: economics

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  • If you could punish anyone on the planet (heard on Fox Sports KLAC Los Angeles)

    08/18/2012 9:16:33 AM PDT · by doug from upland · 9 replies
    Fox Sports ^ | aug 2012
    Heard on a Fox Sports segment. The hosts had some kind of game show going with several contestants asking sports questions such as: Give me three certainties this year. One guy answered that the Giants make the playoffs, Cowboys don't make the playoffs, and Redskins make the playoffs. Another question was: If you could punish anyone on the planet, who would it be an what would you do. I expected the answer to be something about an opposing player or coach someone disliked. Answer from an enlightened sports fan = BARACK OBAMA. I would make him go back and take...
  • Paul Ryan's radical beliefs about budgets, politics, and society

    08/17/2012 8:44:03 AM PDT · by SumProVita · 10 replies
    The Catholic World Report ^ | August 16, 2012 | Carl E. Olson
    This is, without doubt, brazen and even radical stuff, full of the sort of triumphalistic, jingoistic, and greedy rhetoric you expect from Republicans and conservatives. Brace yourself: ...snip... Oh, wait. My apologies; the quotes above were all taken from the 1960 and 1964 Democratic Party Platforms. How did that happen? Whoops.
  • Banks Fight Back Vs. Holder's Race-Bias 'Witch Hunt'

    08/17/2012 4:08:20 AM PDT · by expat_panama · 8 replies
    For the past three years, the Justice Department has filed a series of bruising lawsuits against U.S. lenders for race discrimination while hiding behind opaque investigative methods and hoping banks don't challenge the cases in court. But while most banks have quietly settled the record number of lending-bias claims, some are fighting back against what they call a never-ending "witch hunt."In interviews with IBD, bankers and their lawyers complain that Attorney General Eric Holder and his army of civil-rights prosecutors have built their cases around dubious statistical models instead of complaints from actual victims of discrimination.The DOJ filed at least...
  • The Tea Party and Progressives Speak Separate Languages

    08/16/2012 6:00:53 PM PDT · by billflax · 19 replies
    Forbes ^ | 08/16/2012 | Bill Flax
    Ample rebuttal has been served against President Obama’s “You didn’t build that!” claim. Obama retreated, but then recently insinuated “Romney-Hood” will help the rich rob the poor via tax breaks and describes Paul Ryan’s budget proposal as “thinly veiled Social-Darwinism.” As absurd as these ideas sound, crowds cheered. We’re not witnessing rival visions offering different paths to similar ends. The gulf extends beyond whether borrowing and spending better ushers prosperity as opposed to saving and producing; aggregate demand maintenance versus supply-side economics. It’s deeper. A widening political divide besets America. The sides not only propose competing, even contradictory methods, Left...
  • Nevada's housing problems: Do you want solutions or sound bites?

    08/15/2012 1:49:15 PM PDT · by NevadaPolicyResearchInstitute · 1 replies
    Write on Nevada ^ | August 15, 2012 | Victor Joecks
    Government created the housing bubble and has failed to fix the inevitable housing crash that followed — even after four years of trying. So what do believers in liberty and free enterprise propose? Freedom. Enforce contracts. Let the market work by allowing foreclosures. Is it going to be painful for some? Absolutely. But that pain — created by government inflating the housing bubble — is inevitable. Prolonging it is only hurting more and more people by delaying the recovery. And that's the true tragedy in this. By rewarding foreclosure, current government policy is ensuring that Nevada will have more foreclosure...
  • Paul Ryan's Nutty Views on Monetary Policy (Left-wing economists attack)

    08/15/2012 6:53:17 AM PDT · by SeekAndFind · 11 replies
    Economist View ^ | 08/15/2012 | Mark Thoma, Professor of Economics, University of Oregon
    <p>What did Ayn Rand teach Paul Ryan about monetary policy?, by Brad Plumer: In 2005, Paul Ryan explained that he often looks to Ayn Rand’s novel “Atlas Shrugged” as inspiration for his views on monetary policy. “I always go back to, you know, Francisco d’Anconia’s speech, at Bill Taggart’s wedding, on money when I think about monetary policy,”...he said in a speech at the Atlas Society. So what are Ryan’s views on this front? And what do they have to do with Ayn Rand? ...</p>
  • Keynesian Economics: Valid Principles or Re-Election Tactics?

    08/12/2012 12:03:38 PM PDT · by Jim Robinson · 30 replies ^ | Aug 5, 2012 | By Walter McLaughlin
    Does the employment of Keynesian economics actually spark the economy, or merely help those in office keep their jobs? Low interest rates: check. Tax breaks: check Deficit spending to stimulate the economy: check. Three primary tools in the Keynesian toolbox, used in significant doses in order to combat economic instability. For decades, they have been the central tenets utilized by various governments in numerous battles to stabilize the economy, up to and including the recent devastation wrought by the post-2008 financial crisis. In this latest iteration and via numerous efforts bookended by TARP and QE2, the United States has invested...
  • Liberals, Progressives and Socialists (Walter Williams)

    08/06/2012 10:33:37 AM PDT · by jazusamo · 31 replies
    Creators Syndicate ^ | August 8, 2012 | Walter E. Williams
    In Europe, especially in Germany, hoisting a swastika-emblazoned Nazi flag is a crime. For decades after World War II, people have hunted down and sought punishment for Nazi murderers, who were responsible for the deaths of more than 20 million people. Here's my question: Why are the horrors of Nazism so well-known and widely condemned but not those of socialism and communism? What goes untaught — and possibly is covered up — is that socialist and communist ideas have produced the greatest evil in mankind's history. You say, "Williams, what in the world are you talking about? Socialists, communists and...
  • Sports Versus Politics (Thomas Sowell)

    08/06/2012 3:02:24 PM PDT · by jazusamo · 11 replies
    Creators Syndicate ^ | August 7, 2012 | Thomas Sowell
    It has long seemed to me that there is far more rationality in sports, and in commentaries on sports, than there is in politics and in commentaries on politics. What has puzzled me is why this is so, when what happens in politics has far more serious effects on people's lives. To take one common example, there are many people who believe that if the market fails, the government should step in. But, if Robinson Cano strikes out, does anyone suggest that the Yankees should send in a pinch hitter for him on his next time at bat? Everyone understands...
  • Obama Economic Plan Would Explode Debt to $25.4 Trillion

    08/04/2012 3:51:09 PM PDT · by Zakeet · 32 replies
    Big Government ^ | August 4, 2012 | Wynton Hall
    In presidential campaign ads, President Barack Obama claims that his economic plan includes “$4 trillion in deficit reduction.” For a president who has increased the national debt more than all U.S. presidents from George Washington to George H.W. Bush combined, the claim seems incredible. Indeed, it is. A new analysis of Mr. Obama’s budget reveals the president’s plan would add $10.6 trillion in debt accumulation over the next decade, bringing the U.S. federal debt to a jaw-dropping $25.4 trillion. Still, the president and his surrogates continue to claim the Obama plan would cut spending. “The President’s proposals… include a balanced...
  • Obama, You're No Bill Clinton On Economic Policies

    08/03/2012 5:56:13 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 08/03/2012 | John Merline
    When the Democratic Party announced that Bill Clinton would deliver a prime-time speech at their convention in early September, convention head Antonio Villaraigosa left no doubt as to why. "President Clinton oversaw the longest economic expansion in U.S. history," he said, "pursuing many of the same policies that President Obama is proposing and implementing today." [snip] But a review of the record shows that Obama's policies — enacted or proposed — bear little resemblance to those adopted by Clinton during his eight years in office.
  • Milton Friedman's Centennial: Complete Episodes of "Free to Choose" Online

    08/02/2012 11:04:21 PM PDT · by GoodDay · 5 replies
    Free To Choose - Original 1980 Series: Volume 1 - The Power of the Market Volume 2 - The Tyranny of Control Volume 3 - Anatomy of Crisis Volume 4 - From Cradle to Grave Volume 5 - Created Equal Volume 6 - What's Wrong with our Schools Volume 7 - Who Protects the Consumer? Volume 8 - Who Protects the Worker Volume 9 - How to Cure Inflation Volume 10 - How to Stay Free Free To Choose - Updated 1990 Series Volume 1 - The Power of the Market Volume 2 - The Tyranny of Control Volume 3...
  • Obama’s Fallacy of Composition

    08/02/2012 6:10:45 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | AUGUST 1, 2012 | Larry Walker Jr
    You Didn’t Build That!- By: Larry Walker, Jr. -The "framework" is not a person, natural or legal, to whom a debt can be owed, "institutions" do not act, "society" has no mind, no will, and makes no contributions. Only persons do these things. Imputing responsibility and credit for accumulated wealth, current production and well-being to entities that have no mind and no will is nonsense. It is a variant of the notorious fallacy of composition. ~ Anthony de Jasay *The fallacy of composition arises when one infers that something is true of the whole from the fact that it is...

    07/31/2012 4:57:09 PM PDT · by SaveOurRepublicFromTyranny · 16 replies
    THE FREEDOM POST ^ | July 31, 2012
    Today, July 31, 2012, would have been the great free-market economist Milton Friedman's 100th birthday. Below, is a series of interviews Friedman had on the Phil Donahue Show in 1979. Friedman repeatedly, in his customary polite demeanor, makes Donahue look like the Socialist fool that he is. I do have to credit Donahue, however, for allowing Friedman on his program to obliterate him. He's a little more tolerant than today's lefties in media. Watching these videos provides more plain, unadulterated, common-sense economic wisdom than most American universities today would provide over a four-year degree. Happy 100th Milton Friedman!...
  • “I, Smartphone”? (Video)

    07/31/2012 8:51:59 AM PDT · by Hojczyk · 4 replies
    “I, Smartphone” video is based on the essay “I, Pencil” penned by Leonard Read, in 1958, and has had a lasting impact on how we think about the market process. Why would the Institute for Faith, Work and Economics care about how a smartphone is made and why would we want you to care? Because God has given us the market process as the most powerful tool we have in a fallen world to serve each other by using our gifts. Yes, that’s right. Smartphones allow thousands of dispersed people from across the globe to bring their gifts to serve...
  • Milton Friedman's Centenary (Thomas Sowell)

    07/30/2012 1:05:57 PM PDT · by jazusamo · 16 replies
    Creators Syndicate ^ | July 31, 2012 | Thomas Sowell
    If Milton Friedman were alive today — and there was never a time when he was more needed — he would be one hundred years old. He was born on July 31, 1912. But Professor Friedman's death at age 94 deprived the nation of one of those rare thinkers who had both genius and common sense. Most people would not be able to understand the complex economic analysis that won him a Nobel Prize, but people with no knowledge of economics had no trouble understanding his popular books like "Free to Choose" or the TV series of the same name....
  • Economics, fear and why Obama should be worried

    07/30/2012 11:31:55 AM PDT · by guyshomenet · 1 replies
    Cowboy Confessional ^ | 7/30/2012 | Guy Smith
    Barack Obama may be staring down a long, dark hallway of unemployment. “Welcome to the club,” says 15.1% of the voters. It is unappetizing to agree with Gollum’s older brother, but proto-demon James Carville was correct in 1992 when he said “It's the economy, stupid.” Any president seeking reelection during a recession faces dismal prospects. Any President who campaigns on hope and declares that a lack of economic change in three years equates to a single term in office is fulfilling his prophesies. American voters rebel against nearly everything, but economic hardship and anything that slows traffic top their lists....
  • Justice Dept. Fights Bias in Lending

    01/14/2010 5:47:48 AM PST · by reaganaut1 · 12 replies · 578+ views
    New York Times ^ | January 13, 2010 | Charlie Savage
    The Justice Department is beginning a major campaign against banks and mortgage brokers suspected of discriminating against minority applicants in lending, opening a new front in the Obama administration’s response to the foreclosure crisis. Tom Perez, the assistant attorney general for the department’s Civil Rights Division, is expected to announce Thursday in New York that the administration is creating a new unit that will focus exclusively on unfair lending practices. “We are looking at any and every practice in the industry,” Mr. Perez said in a recent interview. As part of an expansion of the Civil Rights Division approved by...
  • I, Pencil

    07/27/2012 10:26:09 PM PDT · by smokingfrog · 3 replies
    Foundation For Economic Education ^ | December, 1958 | Leonard E. Read
    "I, Pencil" is an essay by Leonard Read. The full title is "I, Pencil: My Family Tree as Told to Leonard E. Read" and it was first published in the December 1958 issue of The Freeman. It was reprinted in The Freeman in May 1996 and as a pamphlet entitled "I... Pencil" in May 1998. In the reprint, Milton Friedman wrote the introduction and Donald J. Boudreaux wrote the afterword. "I, Pencil" is written in the first person from the point of view of a pencil. The pencil details the complexity of its own creation, listing its components (cedar, lacquer,...
  • The Threat to Greek Democracy

    07/26/2012 10:13:21 PM PDT · by bruinbirdman · 4 replies
    American Foreign Policy Council ^ | 7/23/2012 | E. Wayne Merry
    Everyone knows Europe faces the potential for Greek financial collapse, with serious ramifications for the euro zone and its financial institutions. Less discussed is the Greek impact on another key European institution, the less restrictive border regime instituted under the Schengen Treaty, and the danger of failure of constitutional democracy in an EU member state. Perhaps the smartest thing modern Greece ever did was join the European Community (now the European Union) in 1981. The Greeks’ dumbest move was to join the euro twenty years later. The EU gave their Third World economy a First World lifestyle. This miracle was...