Category Archives: Economics

The More Liberal You Are – The Less You Know About Economics

Posted on June 8, 2010 | 5 comments

Absolutely fascinating.  Though not surprising.

A study was done by Zogby.  In it, 4,835 people were asked 8 questions on economics.

The results are in.  And they don’t look pretty if you are a Leftist.

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Posted in Economics, Education, Fun, Politics: National

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Perspective: China Style

Posted on June 7, 2010 | Leave a comment

I suspect we’re all guilty of it.  It being the practice of seeing things ONLY from where we sit.  Of seeing things in ways that are colored by the ways we have always seen things.

I’m guilty of it all the time.

I look at people, react to people and come to conclusions based on my past experiences.  This is my perspective.

Lot’s of times it works like it should; dark alleys get avoided.

Some times it doesn’t work like it should.

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Posted in Economics, Economy, Liberty, Politics: International

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Going Green: Free Market Style

Posted on June 6, 2010 | Leave a comment

Imagine a combination of Green Peace and Ayn Rand. A sort of free market approach to protest the free market.

Got it?  Great.  Cause it makes MY head hurt.

But it would seem that’s exactly what’s going on in a restaurant in Sydney.

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Posted in Economics, Fun, Global Warming, Liberty

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June 6, 2010: Chance of Recession in the Next 12 Months — 00.041%

Posted on June 5, 2010 | 2 comments

If anything has changed in the last month it’s the fact that the chance of recession reduced by 20%.  We went from the ridiculously low chance of .055% all the way down to .041%.  The only times in the last 50 years it has been this low was in 1983 for 2 consecutive months; August and September.

As for the “current” recession, NBER takes an exceptionally long time to officially declare the end, up to 24 months.  As I have been on the record as saying, I think the recession ended late May 2009; NBER won’t score it until January 2011, longer if I am wrong.

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Posted in Economics, Economy, Politics: National

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Millions Yanked Out of Abject Poverty

Posted on June 2, 2010 | 2 comments

And the hits just keep on coming.

It turns out that as companies fear the market responding to stories of sweatshop labor and inhumane factories, they are now preemptively taking steps to improve the lot of overseas workers.

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Posted in Economics, Economy, Politics: International

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Health Care: Mandatory Fun

Posted on June 2, 2010 | Leave a comment

More and more we’re seeing what happens when health care “reform” is enacted. It removes signals, it gets in between patients and care causing them to make poorly incented decisions.  More and more government money is thrown down a well, not only failing to fill the well, but actually making it larger.

All the while, government officials continue to use the promise of “No more homework” to get themselves elected into power.  And we just go deeper and deeper into debt.

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Posted in Economics, Health Care, Politics: International

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The Power of Markets

Posted on May 31, 2010 | Leave a comment

In an effort to drive sales and increase profit, Wal-Mart is doing the unconscionable.  Well known for being the outlet of poorer American’s, Wal-Mart is raising prices on all basic needs products.  This, in the middle of the current economic struggle we’re going through is proof enough that Wal-Mart is evil.

Huh?  Wait?  That’s not accurate?

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Posted in Economics, Economy

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Competition: Island Style

Posted on May 30, 2010 | 1 comment

I was shopping for some computer periphery this afternoon.  I found that I’m not alone in appreciating Puerto Rico:

Puerto Rico Competition

Identical shopping carts; 1 from Wal-Mart and one from “Competencia”.  The Wal-Mart savings?  14%.

Puerto Rican shoppers can save 14%, or $12.68 on $90.70, by shopping at Wal-Mart.  Further, because Wal-Mart exists, people who never shop there even save money as the competition is forced to keep pace.

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Posted in Economics

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Power Hungry Leftists

Posted on May 21, 2010 | Leave a comment

At some point, the results have to implicate the system.  At some point, we have to push back from the table and see what it is that we have caused to occur.

Has the rhetoric of our elections brought about that things that we have promised?  ProtestsOr have we caused the exact opposite to occur?  In our quest to provide food for the masses, have we, in fact, brought about the opposite?  In an effort to set to work the poor, have we taken from them the opportunities that bring about job creation?  In short, is what we are doing working?

Or, perhaps, as citizens, we have to step back and begin to wonder if it’s really the aim of the government to provide in the first place?

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Posted in Economics, Economy, Liberty, Politics: International

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A Good Day That Could Have Been Better

Posted on May 18, 2010 | Leave a comment

Browsing the news last night and stumbled on this really feel good story.

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Posted in Economics, Fun, Raising Men

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