Thomas Sowell sets the record straight on many supposedly good things that came out of the 1960’s:
While liberals may think of the 1960s as the beginning of many “progressive” trends in American society, cold hard facts tell a very different story. The 1960s marked the end of many beneficial trends that had been going on […]
Archive for July, 2006
Jul19th2006
The Crazy 60’s
Published by in Discrimination, Economics, General, Hispanics (Minority Issues) and Myths. 13 CommentsJul19th2006
“To me, the only argument against gay marriage worth taking seriously is simply this: we have an institution which is vital enough to appear in almost all known human societies, and while the forms can differ greatly, it seems to always and everywhere take the form of a contract between a man and a woman. […]
Jul18th2006
The Long-run Effects Of The Minimum Wage
Published by in Economics, General, Hispanics (Minority Issues) and Minimum Wage. 2 CommentsDavid Neumark, professor of economics at Michigan State University and Olena Nizalovaof have a NBER study on the long-run effects of the minimum wage. The abstract states:
We estimate the longer-run effects of minimum wages by using information on the minimum wage history that workers have faced since potentially entering the labor market. The evidence […]
Jul18th2006
“Tomorrow, a lawsuit that could revolutionize educational equity litigation as we know it is scheduled to be filed in Chancery Court in Newark, NJ. Instead of seeking the standard equity remedy—pushing so much new money into supposedly poor districts that a mile-long caravan of Wells Fargo trucks couldn’t carry it all—the plaintiffs in Crawford v. […]
Jul17th2006
The Washington Post writes:
On average, at least one millionaire leaves France every day to take up residence in more wealth-friendly nations, according to a government study.
At a time when France is struggling to stay competitive in an increasingly integrated world, business leaders say the country can’t afford to make refugees of some of its most […]
Jul17th2006
“Hasn’t Mrs. Clinton noticed the worldwide spread of free-market capitalism that has become such an enormous wealth creator across the globe — including Eastern Europe, India, China, and the rest of Asia? The economic growth principles of higher after-tax returns for work and investment, deregulation to limit government’s reach, and the privatization of government-run companies […]
Jul15th2006
“The beauty of doing nothing is that you can do it perfectly. Only when you do something is it almost impossible to do it without mistakes. Therefore people who are contributing nothing to society except their constant criticisms can feel both intellectually and morally superior”. –Thomas Sowell, giving us his “Random Thoughts”
Jul14th2006
“If Che were still alive I would hope he were on trial for his crimes. He wouldn’t, for example, enjoy the immunity of his pal in murder, Castro, that being a Head of State offers. But then it’s true, the British Establishment does work in wondrous ways, as does the international one. Kill people for […]
Jul13th2006
What Does Exploitation Mean?
Published by in (modern day) Liberalism, Chicanoism, Economics, FreeTrade, General, Hispanics (Minority Issues), Myths and Poverty. 15 CommentsIt is often heard that transnational corporations are evil for ‘exploiting’ underdeveloped countries ‘cheap labor’ by opening up businesses there and if only corporations would stop their ‘exploitation’, the economies in those countries would improve.
Matt McIntosh, writing in Tech Central Station disagrees and in the process explains some economic principles:
Let us say that I am […]
Jul13th2006
“But in a new paper “Why Has C.E.O. Pay Increased So Much?,” the economists Xavier Gabaix of the Massachusetts Institute of Technology and Augustin Landier of the Stern School of Business at New York University … suggest that the higher salaries for chief executives can largely be explained by increases in the value of the […]
Jul12th2006
Fastest Growing States Vote Conservative - Around The World
Published by in (modern day) Liberalism, Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 8 CommentsDuring the last two presidential elections I reported how pro-growth areas, both demographic and economic, tend to vote Republican and anti-growth areas tend to vote Democrat, for example, the European magazine The Economist shortly after the 2004 election reported:
Mr Bush’s optimistic message gave him a commanding advantage in pro-growth America….Most of Mr Kerry’s base […]
Jul12th2006
“According to a new U.S. Census Bureau report released today, revenues generated by the nation’s 1.2 million black-owned businesses rose a robust 25 percent between 1997 and 2002 to $88.8 billion in 2002, while the number of such firms grew an impressive 45 percent in the same five-year period. “It’s encouraging to see not just […]
Jul11th2006
Karl Zinsmeister, writing in the American Enterprise answers why Wal-Mart is so successful:
Mind you, Wal-Mart’s economic accomplishments add up to a whole lot more than just nickels and dimes. As the company gained strength in the national retailing scene over the last 20 years, productivity on the part of the trade in which it […]
Jul11th2006
Quote Of The Day
Published by in Economics, General, Hispanics (Minority Issues) and Minimum Wage. 2 Comments“Meanwhile, studies continue to appear emphasizing the hazards of minimum wage laws. I find Neumark’s recent paper with Olena Nizalova especially unsettling. They find evidence that minimum wage laws discourage teenagers and young adults from acquiring the human capital they need in order to get better jobs and higher wages later in life. That is, […]
Jul10th2006
“Equal treatment of individuals does not mean equal treatment of behavior. That is why a polygamist is on the FBI’s “most wanted” list. He is not allowed to redefine marriage to suit himself any more than the advocates of “gay marriage” are.” –Thomas Sowell, listing his random thoughts
Jul8th2006
Quote Of The Day
Published by in (modern day) Liberalism, General, Hispanics (Minority Issues) and ModernPolitics. 17 Comments“”Racism” is the trump card in the indictment of Republicans. But the cold fact is that the whole Jim Crow era in the South was dominated by Democrats. A higher percentage of Republicans than Democrats voted for civil rights legislation. Bill Clinton’s cabinet consisted overwhelmingly of white males while Bush’s cabinet has been the most […]
