“Politicians like the minimum wage because the cost of financing it is paid by three groups—the workers (in the form of lower employment), employers (in the form of lower profits) and consumers (in the form of higher prices). Missing from that list is taxpayers—so for politicians, if the negative effects are hidden from most voters, […]
Archive for January, 2007
Jan13th2007
Quote Of The Day
Published by in General, Hispanics (Minority Issues) and affirmative action. 4 Comments“Civil rights used to be about treating everyone the same. But today some people are so used to special treatment that equal treatment is considered to be discrimination”. –Thomas Sowell
Jan12th2007
Was this:
The challenge playing out across the broader Middle East is more than a military conflict. It is the decisive ideological struggle of our time. On one side are those who believe in freedom and moderation. On the other side are extremists who kill the innocent, and have declared their intention to […]
Jan11th2007
The US Economy In Perspective
Published by in Capitalism, Economics, Europe, General, Hispanics (Minority Issues), Personal, Poverty and Welfare. 6 CommentsMark J. Perry, professor of finance and business economics at the University of Michigan, puts the US economy in perspective:
The unemployment rate in Canada just hit a 30-year low of 6.1% in December, the lowest rate since 1977 when Pierre Trudeau was Canada’s prime minister and Jimmy Carter was U.S. president. During the last U.S. […]
Jan10th2007
Time To Pray For The Citizens Of Venezuela
Published by in Communism, Economics, General, Hispanics (Minority Issues), LatinAmerica and Personal. 13 CommentsI don’t pray very often but there are times when events are so catastrophic, so desparate, and so predictable that prayer is in order and Venezuela has reached that point. While Hugo Chavez is big on socialist rhetoric, he has always been very short on actual implementation.
James Surowiecki, the financial columnist for the New Yorker, […]
Jan10th2007
“I became so frustrated with visiting inner-city schools [in the U.S.] that I just stopped going. The sense that you need to learn just isn’t there. If you ask the kids what they want or need, they will say an iPod or some sneakers. In South Africa, they don’t ask for money […]
Jan9th2007
Minorities Through The Eyes Of Liberals
Published by in (modern day) Liberalism, General, Hispanics (Minority Issues), Personal and affirmative action. 4 CommentsWarning: Rant to follow.
“I think that he has been an embarrassment to the Supreme Court. I think that his opinions are poorly written”. –Senate Democrat Minority Leader Harry Reid, referring to the only black US Supreme Court Justice
White liberal democrats are strong supporters of affirmative action. Not income based […]
Jan8th2007
The Contradictions Of The Minimum Wage
Published by in Economics, General and Minimum Wage. 0 CommentsGreg Mankiw, professor of economics at Harvard University, writes on the contradictions of the minimum wage:
Consider this policy aimed to help workers at the bottom of the income distribution:
1. A wage subsidy for unskilled workers, paid for by
2. A tax on employers who hire unskilled workers.
Now, if you think like an economist, you might wonder […]
Jan6th2007
“If you think health care is expensive now, just wait till you see what it costs when it’s free”. –P.J. O’Rourke
Jan5th2007
“The reason I am a Republican is that, compared to Democrats, the Republicans tend to favor smaller government, lower taxes, and greater reliance on free markets. On many social issues, I find myself agreeing with the Democrats more than the Republicans, and I know that the Republicans are far from perfect on economic issues. (Don’t […]
Jan4th2007
“Although intended as a bridge to full English comprehension, bilingual education has become in practice a substitute for it. Because bilingualism has actually become monolingualism, it has hindered not only Hispanic progress in education, but more broadly Hispanic assimilation into American life” — former Democratic Congressman Herman Badillo, author of the […]
