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Keyword: economics

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  • Interstellar Trade Is Possible

    03/16/2018 9:36:20 PM PDT · by LibWhacker · 54 replies
    Tough SF ^ | 3/21/17
    Interstellar Trade Is Possible In this post, we will detail a method for developing interstellar trade using near-future technologies and commercially realistic requirements. We will then look at the various outcomes, challenges and development models that will follow the first interstellar operation. There is now a Summary at the end of the post. A tough taskTravel between stars is hard. The distances are measured in trillions of kilometers and the space between destinations is not really empty. Attempting the crossing at interplanetary speeds is ludicrously slow; the only way is to reach velocities measured in percentages of the speed of...
  • How China and Hong Kong’s Currencies Were Shaped by Spanish, Mexican Silver Dollars

    02/25/2018 6:36:08 PM PST · by nickcarraway · 7 replies
    South China Morning Post ^ | Wednesday, 07 February, 2018 | Stuart Heaver
    Many modern East Asian currencies have roots in Ming dynasty trade and Chinese traders’ faith in the Mexican silver dollar. Attempts to dislodge it, such as the Hong Kong-minted silver British dollar, were not always successfulAt the antiques market near the old Qingjing mosque in central Quanzhou, a city in China’s south-eastern Fujian province, it is sometimes possible to purchase unusual silver objects that reveal much about the currencies in circulation in East Asia today. On one stall, crammed with opium pipes, blue-and-white ceramics and jade trinkets, is a small, dome-shaped lump of metal in a rusty tin box. It...
  • State tax breaks: who benefits?

    PHOENIX -- Got stocks, land or similar investments? The state House voted Wednesday to give you a tax break when you sell those items. But how much you will pocket depends, quite frankly, on how much you make. And the 183 richest Arizonans -- those making more than $5 million a year -- will each walk away with an average of an extra $27,000. At issue are capital gains. That's the difference between what people pay for an investment against what they make when it is sold. By state law, the profits on anything held for less than a year...
  • America Could Cut Immigration by 90 Percent & Retain 100 Percent of the Economic Benefits

    02/23/2018 8:05:07 PM PST · by LibertyFound · 20 replies
    National Economics Editorial ^ | February 21st, 2018 | Spencer P Morrison
    Applying the Pareto Principle to the Immigration Debate Have you ever noticed that most of the people you work with are useless? Sure they seem busy, but most of them get precious little done. In fact, some of even them end up making work for model employees, like you—don’t they? If you’ve experienced this, then you understand how the Pareto Principle works—you just didn’t know it had a name. Also known as the 80:20 rule, the Pareto Principle stands for the idea that causality is not always linear: that is, there is not always a one-to-one relationship between cause and...
  • Econ-Talk; Russ Robert's talks with Jordan Peterson

    02/19/2018 8:34:54 AM PST · by Voption · 1 replies
    Jordan Peterson, author of 12 Rules for Life, talks about the book with EconTalk host Russ Roberts. Topics covered include parenting, conversation, the role of literature in everyday life, and the relationship between sacrificial rites and trade.
  • The "radical" case for abolishing student debt

    02/13/2018 10:15:29 AM PST · by Oldeconomybuyer · 52 replies
    CBS "News" ^ | February 13, 2018 | By AIMEE PICCHI
    The GOP tax bill is providing a $1.5 trillion windfall, which will mostly be enjoyed by the rich and corporations. But what if there were another way to spend that money that could benefit more middle-income Americans while eliminating some of the country's inequalities? Look no further than getting rid of America's student debt, argue researchers at Bard College's Levy Economics Institute. They examined the potential impact of canceling the $1.4 trillion in student debt that 44 million Americans are carrying. Erasing it would be a "radical" solution to the student debt crisis, but it would pay off in bountiful...
  • Mass Immigration Hurts Black America the Most

    02/05/2018 1:40:12 PM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 5, 2018 | Spencer P Morrison
    "There’s no such thing as a free lunch." In the nineteenth century American bar owners offered free lunches as a way to attract noontime patrons. Inevitably, the diners would get thirsty, and buy expensive drinks—they paid for their lunch one way or another. Thus the above expression. Prosaic though its origins may be, the phrase captures a deep and omnipresent truth: everything has a price, an opportunity cost, a trade-off. This is true of lunches, and it’s true of America’s immigration policy. Despite what The Economist claims, immigration does not benefit everyone—there are winners and losers. In America’s case, the...
  • The profitable business of selling to the hard-up

    02/05/2018 9:28:04 AM PST · by rightwingintelligentsia · 37 replies
    The Economist ^ | January 25, 2018
    “THEY want to build one every four miles,” says the cashier at Dollar General, a discount shop, in Lewisburg, a small town in the rolling hills of central Tennessee. Situated on a big parking lot, next to a provider of payday loans open 24 hours a day, a supermarket chain called Priceless and Dirt Cheap, another southern chain of discount shops flogging the unsold or returned merchandise of other retailers, the shop is one of three Dollar Generals in Lewisburg. Tennessee is the home state of Dollar General, which in recent years overtook its rivals to become the retailer of...
  • A Reflection on "What Leftists Don't Understand About Economics"

    01/28/2018 11:49:41 AM PST · by huckfillary · 9 replies
    Artful Dilettante ^ | January 28, 2018 | Artful Dilettante
    My comments are in response to an article which appeared yesterday entitled, What Leftists Don’t Understand about Economics, by Daniel Carter, of Investment Watch. Link below. Where do you want me to start? Liberals and their philosophical/political brethren understand little if anything about economics, and even less about the principles of Natural Law and Natural Rights which underscore free-market capitalism. Volumes have been written about Natural Rights beginning with Thales of Miletus in the 6th century B.C. He and the Seven Sages of Miletus, rather than the later Greeks Plato and Aristotle, are credited with giving philosophical birth to the...
  • What Leftists Don’t Understand About Economics

    01/27/2018 2:29:53 PM PST · by davikkm · 29 replies
    IWB ^ | Daniel Carter
    Much has been said recently about California becoming the most impoverished state in America. California has diminished the middle class so badly that one in four people are now living below the poverty line. The leftists have done this with the big government policies (I.e. high taxes and lots of regulation) they claim are good for the working class. When Trump slashed business regulations and lowered taxes for working people and corporations on the federal level, the left cried out that it was “trickle-down” economic policy. Sadly, “trickle-down” is essentially the only economic concept they know. Leftists in California, and...
  • Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    01/23/2018 1:09:48 PM PST · by Thalean · 26 replies
    National Economics Editorial ^ | Jan 23, 2017 | Spencer P Morrison
    Imagine the worst possible tax you can think of. What would it look like? If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it. But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it. I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not...
  • The New York Times is Wrong—Immigration Won’t Make America Great Again

    01/15/2018 2:33:48 PM PST · by Thalean · 25 replies
    National Economics Editorial ^ | January 14, 2018 | Spencer P Morrison
    In 1014 AD the Byzantine Emperor Basil II defeated the Bulgar hordes at the Battle of Kleidion. To ensure the Bulgars would never again rise up against him, Basil blinded the survivors—leaving every hundredth man with a single eye. The one-eyed led their brothers home, but mostly the blind led the blind. How many Bulgars were separated from their kin on their anabasis? How many died in the Thracian wilderness—food for worms and wolves? A hand slick with blood loses its grip, and in the frantic search for fingertips a dozen followers are led astray. Those behind don't panic. They...
  • Corporations may dodge billions in U.S. taxes through new loophole: experts

    01/12/2018 10:30:06 AM PST · by Oldeconomybuyer · 19 replies
    Reuters ^ | January 12, 2018 | by David Morgan
    WASHINGTON - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to...
  • Two Iranian Protesters Killed in Anti-Government Demonstrations

    12/31/2017 7:21:04 AM PST · by Kaslin · 7 replies ^ | December 31, 2017 | Timothy Meads
    Two Iranian anti-government protesters have been killed, after three straight days of demonstrations against economic unrest and the Islamic regime. According to Fox News, these deaths come after the Iranian government warned its citizens that anybody who participated in an "illegal" gathering “must be responsible for their behavior and pay the price." "On Saturday evening, there was an illegal protest in Dorud and a number of people took to the streets responding to calls from hostile groups, leading to clashes,” said Habibollah Khojastehpour, the deputy governor of the western Lorestan province, according to Sky News. “Unfortunately in these clashes two citizens...
  • anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab...

    12/31/2017 7:02:38 AM PST · by TigerLikesRooster · 99 replies
    LiveLeak ^ | Dec-30-2017
    anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab (mohammad)" "Aryai hastim, arab nemiparastim" for the 3rd day iranians all over iran are protesting against the ruling Clerics (islam), after yesterday even the youth of irans "Most religious city" " Irans vatican " Qom joined the protests more and more cities are joining. The youth of Iran is sick of Islam and want go back to their roots ( pure iranian culture - Zoroastrianisim-Aryan identity) Today the most popular slogan was "Aryai hastim , arab nemiparastim " translation "...
  • Nightmare For New York And California: Tax Reform Will Put Added Pressure On High-Tax States

    12/30/2017 5:41:33 PM PST · by Kaslin · 69 replies ^ | December 29, 2017 | Daniel J. Mitchell
    The right kind of tax reform can help people directly and indirectly. They benefit directly if reform reduces their tax burden and gives them more take-home income.They benefit indirectly if reform increases growth and leads to additional pre-tax income. For what it’s worth, I think the indirect impact is most important for family finances, and I discussed the potential benefits of faster growth in this recent interview on Fox Business. Dan Mitchell Explaining Why Uncompetitive States Should Lower Tax RatesBut for today’s column, I want to focus on the final portion of the interview, when I pontificated on how limiting...
  • Racist Trees Separating Golf Course From Black Neighborhood Will Come Down

    12/20/2017 8:47:01 AM PST · by PBRCat · 42 replies
    Many longtime residents of the neighborhood previously told the (Palm Springs, Calif.) Desert Sun they believed the trees were planted for racist reasons in the 1960s, and remained a lasting remnant of the history of segregation in the city. Residents said the invasive tamarisks, which block views of the Tahquitz Creek Golf Course and San Jacinto mountains, have artificially depressed property values and prevented black families from accumulating wealth in their property over the past half century.
  • The Sun is Cooling Faster than Anyone Suspected

    12/20/2017 5:11:19 AM PST · by JustTheTruth · 78 replies
    Armstrong Economics ^ | December 20, 2017 | Martin Armstrong
    214876 Blog/Climate Posted Dec 20, 2017 by Martin Armstrong The danger from the Global Warming crowd is that they are misleading the entire world and preventing us from seeing what is dangerously unfolding that sparks the rapid decline in civilization – GLOBAL COOLING. I previously warned that this is not my opinion, but simply our computer. If it were really conscious it would be running to store to buy heating pads. This year will be much colder for Europe than the last three. It will also be cold in the USA. We are in a global cooling period and all...
  • A Big Corporate Tax Cut in the United States Will Bring More Prosperity to China and Europe

    12/14/2017 5:41:03 AM PST · by Kaslin · 16 replies
    Townhall ^ | December 13, 2017 | Daniel J. Mitchell
    When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America.But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world.Not because Americans had higher income and could buy more products from home and abroad (though that is a nice fringe benefit), but rather because the Reagan tax cuts triggered a virtuous cycle of tax competition. Politicians in other countries had to lower their tax rates because of concerns that jobs and investment were migrating to America (Margaret Thatcher also deserves some credit since...
  • Liberate Food Trucks

    12/12/2017 10:11:51 PM PST · by Oshkalaboomboom · 10 replies ^ | Dec 13, 2017 | John Stossel
    Laura Pekarik bakes cupcakes and sells them from a food truck. Her truck provided a great opportunity, letting her open a business without having to spend big to hire a staff and rent space in a building. "Instead of renting a whole brick and mortar and managing a team of people, it was just me and one baker," she explains. But increased regulations, such as new rules that forbid trucks to park near established restaurants, make life hard for people like Pekarik. "It became ever more difficult to find parking locations when we went to the city (Chicago) to try...