Blog Archives

Is the Price of Butter Economic Bad News? No, but It Is Bad News for Michelle Obama

butter in coffee

It is easy to get discouraged when you see a story about the price of butter going up. With money pouring into the economy from the Federal Reserve’s “quantitative easing” program, prices get destabilized. Food and energy are especially prone

Posted in Economics, Economy, Email Featured Tagged with: , , , ,

Jobs Pay 23 Percent Less Today Than Before Obama

ObamaWizard

Remember in 2009, right after coming into office, President Obama and his top aides swore they would “focus like a laser” on jobs? Sadly, it turns out that Obama apparently learned to use that laser at the Imperial Stormtrooper School

Posted in Economics, Economy, Healthcare, Jobs, Liberalism, socialism Tagged with: ,

Cash for Clunkers Hurt the Auto Industry

government competence

Cash for Clunkers was presented as an easy way for the government to help the auto industry. But it didn’t. The government is so big and powerful it should be able to help an industry. Even as a conservative, I

Posted in Economics, Economy, Environment, Global Warming, Government Control Tagged with: , ,

End the Evil! End the Fed!

fed reserve

Why must we end the Fed? Mark Horne nails the evil Federal Reserve System with this conclusion: When preparing for the future becomes too difficult to accomplish, people tend to push it out of their minds. They are not failing

Posted in Banks, Corruption, Economics, Economy, Email Featured, Federal Reserve Tagged with: , , , ,

Minimum Wage Reality: Restaurant Charges Extra to Cover Expense

minimum wage

When a business starts losing more money to its employees, it must charge more for goods and services or else cut the number of employees. Politicians increase the minimum wage knowing this, but also hoping that the changes will be

Posted in Business, Economics, Government Control Tagged with: ,

University President Gives $90k of Salary for Raise for Lowest-Paid Employees

minimum wage

When Raymond Burse became interim University President of Kentucky State, he inquired about how many employees were making minimum wage. Then he did some math and figured they could be paid $10.25 an hour if his own annual compensation was

Posted in Economics, Jobs Tagged with: , ,

Why You Should Learn What is Wrong with the GDP Measure

john-maynard-keynes

Most of us run down a road paved by others, not realizing it’s not the only possible path—and, in fact, that it may be a path for the road-designers to achieve their goals, while preventing you from ever reaching yours.

Posted in Economics Tagged with: , , , ,

The TSA & the Economics of a Monopoly Protection Racket

tsa-badge

MarketWatch reports, Between shelling out hundreds of dollars in airfare and forking over even more for ancillary fees, travelers are already spending more than they have in years for plane tickets. And that’s about to get worse. Starting on July

Posted in Economics, Economy, Law Enforcement, National Security, Police State Tagged with: , , , ,

Why You Need to be Aware of Economic Science: To See Through Media Smears

Mises-Hayek

Bloomberg recently published an amazingly ignorant and inaccurate attack on adherents to the Austrian School of economics [“Austrian Economists, 9-11 Truthers, and Brain Worms”]. Most people wouldn’t know it due to simple ignorance of the Austrian view, but this piece

Posted in Economics, Media Tagged with: , , ,

The Key to Ending Private Prisoner Exploitation is Not Regulation but Competition

jail hospital

Perhaps you don’t think it should matter if prisoners get ripped off by their phone services. Maybe you’re right. But it still doesn’t make sense to give special monopoly favors to politically-connected corporations to make money off some of the

Posted in Corruption, Economics, Law Enforcement Tagged with: , ,

The Corporate Welfare Export-Import Bank is Opposed by Everyone But the Politicians and the Cronies

ralph nader

Candidate Barack Obama, according to Patrick Brennan at the National Review, Corner blog, “decried the bank on the 2008 campaign trail as wasteful and ‘little more than a fund for corporate welfare.’” He was referring to the “Ex-Im Bank.” Now, Ralph

Posted in Banks, Corruption, Economics, Economy, Foreign Policy Tagged with: , , ,

Seattle Minimum Wage Law Is How Some Businesses Try to Destroy Other Businesses

seattle_chamber_of_commerce

Fifteen dollars an hour is a painful increase in expense for small businesses. Seattle politicians had made a promise that they found voters would not permit them to forget. So now they are stuck with it. Some are suing in

Posted in Business, Corruption, Economics, Employment, Jobs Tagged with: , ,