Archive for the 'Economics' Category

May13th2008

Comencement Advice Worth Giving

P.J. O’Rourke, author of Eat The Rich, gives commencement advice worth giving:
1. Go out and make a bunch of money!
Here we are living in the world’s most prosperous country, surrounded by all the comforts, conveniences and security that money can provide. Yet no American political, intellectual or cultural leader ever […]

May9th2008

The Canadian Healthcare System In Practice

Canada’s Globe writes:
More than 100 Canadian women with high-risk pregnancies have been sent to United States hospitals over the past year – in what a doctors’ group attributes to the lack of a national birthing plan.
The problem has peaked, with British Columbia and Ontario each sending a record number of women to U.S. neonatal […]

May8th2008

The Problem With Unions

No, I’m not talking about the unions bringing down what used to be the biggest company in the United States, GM, but about how unions harm our public education system:
A $13.2 million, five-year grant from the National Math and Science Initiative, designed to add new Advanced Placement teachers, courses and exams for thousands of Washington […]

May7th2008

Warren Buffett On The Financial Markets

The oracle of Omaha, in a recent Fortune Magazine article, comments:
Do you think the U.S. financial markets are losing their competitive edge? And what’s the right balance between confidence-inspiring standards and …
… between regulation and the Wild West? Well, I don’t think we’re losing our edge. I mean, there are costs to Sarbanes-Oxley, some of […]

May2nd2008

In Praise Of Obama’s Economics

The New York Times reports:
Senator Hillary Rodham Clinton lined up with Senator John McCain, the presumptive Republican nominee for president, in endorsing a plan to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for the summer travel season. But Senator Barack Obama, Mrs. Clinton’s Democratic rival, spoke out firmly against the proposal, […]

Apr30th2008

The Argument Against Regulations

Bacon-wrapped hot dogs are common in downtown Los Angeles and especially in Mexican border cities. Tijuana, for example, has a vendor at almost every corner. Well now, apparently, Los Angeles is trying to ban the cart sale of these very delicious bacon-wrapped hot dogs.
As a huge fan of bacon-wrapped hot dogs (I’ve eaten more […]

Apr29th2008

Quote Of The Day

“Free trade with Colombia can’t have anything to do with loss of US jobs: Colombia’s exports already enter the US duty-free. Rather, the Free Trade Agreement would reduce remaining Colombian barriers to imports from the US….It is hard to escape the conclusion that the only reason Congressmen are opposing the Colombian […]

Apr25th2008

Quote Of The Day

“What they are saying is that in zip codes where lots of folks were turned down in 1996, you see lenders approving many more loans, and at lower risk spreads in 2001 through 2005, fueling the home price bubble. The lower risk spreads tells me that this was not predatory lending, but the opposite…It sounds […]

Apr23rd2008

Quote Of The Day

“I’ve been asking myself that about student loans for quite some time. It’s still not clear to me how much, if at all, they benefit the students they are supposed to help. It seems at least equally plausible that they’re simply feeding the tuition inflation which makes it impossible for a normal kid to work […]

Apr21st2008

Quote Of The Day

“I have never quite encountered an intrinsically less fair institution than the university, at least in liberal terms of egalitarianism and respect for the underclass. A full professor may damn Wal-Mart, but Wal-Mart would never get away with the two-tier system that the university in built upon: the PhD part-timer has no job security, sometimes […]

Apr18th2008

What Is A Libertarian?

Do you want to know what a Libertarian really believes in? Listen to the father of modern day Libertarianism, Milton Friedman define it without all the distortions and misrepresentations from those who claim to know what libertarianism is.
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Apr18th2008

Milton Friedman On Race, Poverty And Government

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From an old speech but just as relevant today as it was then.

Apr15th2008

Quote Of The Day

“Europe continues, slowly and reluctantly, to deregulate its economies. In this it is following the US example. The American economy has some problems at the moment, but the EU’s governments are ever mindful of, and oppressed by, the long-term success of the American model. What is interesting is that the United States has been moving […]

Apr12th2008

Thomas Sowell On Income ‘Stagnation’

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Many of you have already heard the talking heads who claim income has been stagnant for many years but likely few of you have heard the response. Thomas Sowell gives it here.

Apr10th2008

Quote Of The Day

“What the American people really should feel awkward and defensive about is the level of inequality and excess of political power. Instead of asking ourselves what we can do about Warren Buffett or Bill Gates, we should be asking ourselves about what we can do about the Clintons and the Spitzers. Those who want more […]

Apr7th2008

Quote Of The Day

“Krugman and Bartels think the problem is the influence rich people have on public opinion and the policy process….They also keep banging straight into the problem that if government is empowered to heavily affect people’s fortunes, then people with the biggest fortunes will have the most at stake when it comes to influencing government. The […]