August 4, 2012

The Order of Playtime

At a recent family and friends gathering, I was able to catch up with an old babysitter of mine whom I hadn't seen in over a decade.  During our conversation she asked if I remembered other attendees of her babysitting service.  As we talke...

May 20, 2012

A Glimpse of What Privatized Roads Could Look Like

Is it possible to privatize roads? This question often weighs heavily on those who see the competitive market as the best means of achieving a wide distribution of resources at the lowest cost to the consumer.  Like money, roads have become cruc...

May 6, 2012

George Will, John M. Keynes, and Totalitarian Eugenics

In a touching but revealing column, conservative pundit and widely syndicated columnist George Will speaks to his son celebrating his 40th birthday while still handicapped by Down syndrome.  Jon, as George describes him, was born at a time when ...

May 2, 2012

The Real Cost of a College Education

Last week, the total amount of debt emanating from student loans in the U.S. reached $1 trillion.  With the Great Recession still present in the daily lives of the middle class, salaried jobs for college graduates are tough to come by.  Man...

April 19, 2012

Apple, Sweatshops, and the Media's Latest Attempt to Demonize Productivity

Last month, the Public Broadcasting Service ran a story on the poor working conditions reported in Foxconn factories within China.  Foxconn is, of course, most famous for being Apple's main contract manufacturer in the world.  Since Apple a...

April 6, 2012

Paul Krugman Proves He Doesn't Understand Scarcity

Paul Krugman is no beginner when it comes to economic fallacies.  From calling for a Federal Reserve-engineered housing bubble to bring the U.S. out of the dot-com recession to actually declaring that there is a free lunch to be enjoyed with mon...

February 5, 2012

The Tobin Tax: Stealing from Not Just the Rich

Adbusters, the group behind the Occupy Wall Street movement, is gearing up for a massive protest at the G8 Summit in Chicago.  And no leftist protest is complete without a full-throated demand for implementation of the Tobin tax. The Tobin tax, ...

January 29, 2012

How China Transformed Its Economy

In a recent National Public Radio report, the real story behind the monumental land reforms which transformed the communist dystopia of China into a productive powerhouse was revealed. In 1978, the farmers in a small Chinese village called Xiaogan...

December 25, 2011

Ebenezer Scrooge the Philanthropist

President Barack Obama's biggest Christmas wish of raising taxes on the rich isn't coming this year. Thankfully the season of giving won't be ruined by the federal government's appetite for more revenue. Christmas often brings stories of selfless alt...

December 12, 2011

Is Job Loss Economically Damaging?

Keynesian cheerleader Paul Krugman recently used his New York Times column and economics credentials to make yet another politically partisan attack. Can you say one-trick pony? This time, the Princeton prof. has his target set on Republican presiden...

December 6, 2011

Central Banks Admit They Know of Only One Solution

Last week, major central banks, including those in the U.S., Japan, Canada, and Switzerland, announced coordinated action in lowering the cost of dollar borrowing for other foreign central banks.  This policy was directed mainly toward the Europ...

November 30, 2011

Krugman Calls for Tax Increases

Oh geez, here we go again. New York Times columnist and Democrat mouthpiece masquerading-as-an-economist Paul Krugman has penned a new plan on how the federal government can snatch up some more revenue. Per usual, Krugman is shaking his Princeton pom...

November 26, 2011

The Problem with the Fed's Targeting

The monetary policy of targeting nominal gross domestic product (NGDP) is starting to come into vogue in mainstream economic and political circles.  Christina Romer, the architect behind President Obama's first stimulus failure and professor of ...

November 19, 2011

Insider Trading Is Fine - But Not in Congress

Last Sunday night, 60 Minutes came out with a great report that highlights specific acts resembling "insider trading" by members of U.S. Congress. The report comes on the heels of an effort by Peter Schweizer of the Hoover Institution to uncover "sof...

November 5, 2011

It's Not Aggregate Demand, Stupid

If you were given $1,000, would you spend it immediately or place it in your bank account for future consumption?  How about if you were given $1 million?  One trillion?  At what point would you douse your pile of newly acquired pile o...

October 31, 2011

Obama Lecturing On Euro Finance? Give Me a Break

Say what you will about George Soros, at least he has enough expertise as a slimy financier to put forth a solution to the Euro Zone crisis. In what has to be the most vaguely pathetic advice column of the year, President Barack Obama has offere...

October 27, 2011

Lawrence Summers and Obama's Clueless Housing Solution

What's with these guys who run the world economy into the ground and then have the chutzpah to lecture us on how to fix the situation?  Who really takes them seriously?  In an effort to defend HAMP, the recently proposed overhaul of his for...

October 26, 2011

George Soros's Socialized Merry-Go-Round of a Solution to the Euro Crisis

Oligarch extraordinaire George Soros recently came out in the Financial Times with a dandy solution to solve the European debt crisis.  The fix comes down to a gross marriage between Euro region governments and the capital-desperate financial se...

September 25, 2011

Leave the Rich Alone

Free-market economy = individuals voluntarily exchanging goods.  Each individual is better off as a result of the trade, or else he would not engage in it. That is the true definition of a free market.  There is no worker exploration, no ...

September 20, 2011

Mark Zandi: Never Right, Yet Still Trusted

It's premature to say the economy is reviving in a consistent way, but I think it is fair to say the economy isn't going to weaken any further." So predicted Moody's chief economist Mark Zandi on July 6, 2007, right in the midst of a deflating housi...

September 12, 2011

Infrastructure Bank: A Bailout By Any Other Name

The night after a verbal trashing on his handling of the economy from the GOP presidential debate, President Obama took the stage in a Joint Session of Congress to reveal a new jobs initiative aimed at putting "Americans back to work." Gee, where ha...

September 7, 2011

Krugman Never Learns

Being a Nobel Laureate means never having to say you're sorry.  In Paul Krugman's case, it means never using simple logic. Recently, Krugman used his economic credentials to espouse the benefits of increased government spending through an alien ...

August 31, 2011

Perry's Social Security truth-tellling more than libs can bear

The age old adage of politics boils down to four words: never speak the truth.  Politicians promise the moon and the media are more than happy to frame it to their agenda.  Truth be damned!  Take the recent debt ceiling charade for ins...

July 9, 2011

Defending Discrimination

Pretend you are walking down an inner city street at 1 A.M.  Less than a block ahead you spot four guys in baggy clothes loitering.  Rather than take the chance of a hostile encounter, you turn down another street that is empty.  Most ...

June 23, 2011

Obama and the Art of Wooing Big Business

Back in 2010, President Obama made the unprecedented move of using the State of the Union platform to criticize the Supreme Court's Citizens United v. Federal Election Commission, which struck down any previous limits on political campaign spending b...

May 22, 2011

The Debt Ceiling Will Be Raised - No Question about It

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ...