Category Archives: Economics
Yeah, it's a milestone. But not a good one.
Via Fabius Maximus The non-stop increase in government employment has finally surpassed the employment in manufacturing and construction. This is not a good thing.
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Why the TSA sucks: Reason 50,000
from USAToday: Fewer domestic passengers left the nation’s airports through the first seven months of 2008, with fewer flights filling the friendly skies. But while a bleak economic outlook may not perk up those numbers in the short term, the … Continue reading
2009 Index of Economic Freedom
From the Heritage Foundation, the 2009 Index of Economic Freedom. Hong Kong and Singapore are once again the freest economies in the world, followed in the rankings by Australia, Ireland and New Zealand. The U.S. slipped one spot to sixth … Continue reading
Bore Patch hit one out of the park
Just go read it now. Pretty much everyone recognizes this as part of what Ronald Reagan described as the most terrifying nine words in the English language: I’m from the government, and I’m here to help. That’s just the first … Continue reading
I do not think it means what you think it means.
I hadn’t heard of Lissa, or her excellent blog before she popped up on Gun Nuts Radio last night. But she’s on my RSS feed now. This morning she has a few thoughts about some PSH articles on the US … Continue reading
Are we in a liquidity trap?
When I was studying macroeconomics, I was fascinated with the idea of a liquidity trap. A liquidity trap is where the interest rates are effectively 0% and the central bank can no longer lower interest rates in an attempt to … Continue reading
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"The Price Of Everything" now available on Kindle
Russell Roberts says that “The Price Of Everything” is available now in the Kindle edition. And it is! I’ve been waiting for the Kindle edition ever since the book was released. If you’re an Econ geek, or want to be, … Continue reading
Posted in Economics, Recommendation
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Don Boudreaux on "Too Big To Fail"
Don Boudreaux’s Op-Ed in the Wall Street Journal is spot on. Bankruptcy doesn’t make assets — such as factories, machines, contractual options to buy raw materials, workers’ skills — disappear. If markets still exist for products produced by these firms, … Continue reading
Bad news for the left keeps piling up
Greg Mankiw on President-elect Obama’s economic advisors: What would you call a group of economists who are skeptical of regulating mortgage markets, who think unemployment insurance and unions increase unemployment, who say that tax hikes retard economic growth, and who … Continue reading
Bubble I said, Bubble I meant
Oil falls below $44 a barrel. Gasoline futures below $1/gallon. Here’s the funny part: No one believed crude would lose $100 in value between July and December, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service. … Continue reading
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