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 […]
Archive for the 'Economics' Category
May13th2008
Comencement Advice Worth Giving
Published by in Academia, DayToDay, Economics and General. 2 CommentsMay9th2008
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
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
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
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
Published by in Economics, Hispanics (Minority Issues), Myths, Personal and Poverty. 0 CommentsBacon-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
Published by in Economics, FreeTrade, General, Hispanics (Minority Issues) and LatinAmerica. 2 Comments“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
“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
“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
Published by in (modern day) Liberalism, Academia, Economics, Education, General, University and Wal-Mart. 1 Comment“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?
Published by in Capitalism, Economics, Environment, General, ModernPolitics and Myths. 0 CommentsDo 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
Published by in Capitalism, Chicanoism, Discrimination, Economics, Education, General, Hispanics (Minority Issues), Minimum Wage, ModernPolitics, Myths, Poverty, Vouchers and affirmative action. 1 CommentYou need to a flashplayer enabled browser to view this YouTube video
From an old speech but just as relevant today as it was then.
Apr15th2008
“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’
Published by in Economics, General, ModernPolitics and Myths. 0 CommentsYou need to a flashplayer enabled browser to view this YouTube video
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
Published by in (modern day) Liberalism, Economics, General, Inequality and ModernPolitics. 7 Comments“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
Published by in (modern day) Liberalism, Capitalism, Economics, General and Inequality. 0 Comments“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 […]
