Category Archives: Economics

That Word, I Do Not Think It Means What You Think It Means

Pure awesomeness.

THIS is what I talk about when I call people liars and truth spinners.

Wall Street Reporter:

There IS an attack on the profit motivation.We heard shareholders bad mouthed, bond holders bad mouthed, and now we’re hearing that insurance companies shouldn’t make money.  Listen, insurance companies make a lot less money than software companies.  Oil companies make a lot less money than software companies.  Why are we demonizing parts of capitalism?    That’s what’s hurting us.

Democrat Consultant:

I do NOT demonize business, I’m a strong supporter of business.  But, I DO believe the patients should come before profits at the insurance companies.

I wonder if the Leftists know what she is doing or if it just comes naturally?

One Minus One Does Not Equal Zero

Long long ago mothers used to tell their kids stories that would frighten them into behaving.  Monsters roamed the forests.  Trolls loomed under stone bridges.  Mostly it worked.

Then us kids invented the internet and we googled monsters, trolls and mothers.

Turns out it was all a lie.  A lie invented to trick us into acting a certain way.

Mothers may have learned that we don’t react in the same way.  Liberals haven’t.

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If You Can’t Find a Job — You Don’t Want One

Everywhere I go I see “help wanted”.

You tell me you can’t find a job I call bullshit.

Unemployment

Clear case of marginal value. If we were REALLY at the point where people NEEDED jobs, this sign would be down the second it was put up.

Leftists: What We Are Up Against

I have always maintained that the Leftist has an unfair advantage.  THEY get to preach the populist message while we’re left holding the bag for being responsible.

It’s the same dynamic at work that caused me to LOVE spending time with grandma and grandpa.  When i was with them, I got what I wanted.  It was ice cream and chocolate milk.  It was cookies for bedtime and cake for breakfast.  We didn’t have to go to Sunday School but we got to ride in the back of the pick up.

All fun. No responsibility.

Just like Ben and his post on China, slave labor and tariffs.

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Those Damn Banks!

We’ve heard it before.  I’m sure we’ll hear it again.

Wall Street banks and their greed caused the Great Recession.  And what’s more, it’s those same banks, sitting on our money given to them via TARP, that are KEEPING us in recession because they won’t lend money!

Greedy bastards!

But is it true?

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The Single Best Method to Stabilize Home Prices

Here’s a note to Obama:

The single best method to stabilize home prices—-

Do nothing:

(Reuters) – Single-family home prices dipped in July, and are seen stabilizing near the lows without the homebuyer tax credit that ended in April…

This is surprising.

When left alone, people will normally buy and sell things at some market level.  When you pay people $8k to buy a house, don’t be surprised when the price of houses fluctuates between $1 and $8,000.

Econ 101.

More Minimum Wage

The intentions of those that preach the minimum wage are noble.  Who isn’t interested in helping those folks who are the poorest among us?  What person that we would care to associate with could not help but have feelings of sympathy for people who struggle to make enough money to eat, to cloth themselves or pay rent?

Who?

No one.  Not one single person I know would brush those feelings away.

However, with that said, the singing of the platitudes of the minimum wage has to end when the effectiveness of those laws are considered.

And the result?  The verdict?

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What Did They THINK Was Going to Happen?

We are seeing–living–the impact of government intervention in markets.  Most notably, the housing market.

Not only has the housing market largely been responsible for the current economic  conditions we’re seeing, but it’s also responsible, in large part, for the slow and anemic recovery.

The sad part?

It didn’t have to be this way.  And THAT, gentle reader, is a text book lesson in markets and external impacts.

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New Government Policy


Quick, no googlly-ogglly-Google.

What nation said this:

X-Nation announced on Monday it would lay off “at least” half a million state workers over the next six months and simultaneously allow more jobs to be created in the private sector as the socialist economy struggles to get back on its feet.

“Our state cannot and should not continue maintaining companies, productive entities and services with inflated payrolls and losses that damage our economy and result counterproductive, create bad habits and distort workers’ conduct,”

…the government “agreed to broaden the exercise of self employment and its use as another alternative for the employment of those excess workers.”

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