Will McLean wonders why he has any.
Category Archives: Economics
Obama Will Get A Recovery
…when demand curves slope upwards:
Card and Krueger proudly announced the repeal of the most fundamental law of economics: “Our empirical findings challenge the prediction that a rise in the minimum reduces employment. Relative to stores in Pennsylvania, fast food restaurants increased employment by 13 percent.” Except they didn’t. Their data, gathered by telephone survey, turned out to be “so bad that no credible conclusions can be drawn,” another study concluded. Other economists used actual payroll data instead of a phone survey and found just the opposite: the state-mandated pay hike reduced employment.
“Let’s hope that labor economist Alan Krueger, as he assumes his new position as Chief Economist to the President, remembers that demand curves really do slope downward,” Perry concludes.
Once again, it appears that Obama has hired the best incompetence that money can buy.
When it comes to economics, it’s the Democrats that are anti-science. Especially on the dismal one.
The Line Between Fascism And Fabian Socialism
…is very thin:
In Argentina, everyone acknowledges that fascism, state capitalism, corporatism – whatever – reflects very leftwing ideology. Eva Peron remains a liberal icon. President Obama’s Fabian policies (Keynesian economics) promise similar ends. His proposed infrastructure bank is just the latest gyration of corporatism. Why then are fascists consistently portrayed as conservatives?
Because the Left are always historical revisionists. They have to be to sucker the next generation of rubes.
Obama’s Enron?
Why isn’t it? I think we know the answer to that.
This Is What Petty Tyranny Looks Like
You ought to be able to sell stuff without a permit. What’s amazing is that this was published in The Atlantic. Have they gone all Ayn Rand on us?
Selling stuff to people — bad. Forcing people to buy stuff — good, as long as the government does it.
And people wonder why there are no jobs? Only economically clueless people.
How ObamaCare
…plays games with your life. By Dr. Paul Hsieh, who seems to be recovering from his surgery.
Illinois Raises Taxes
…and loses the most jobs in the nation. Unexpectedly!
Our Cold And Creepy Future
Thanks to the ecofascists.
The Power Of Nature
As he says, it’s just basic physics. Unfortunately, not many people (and even fewer of the people actually running the country) understand basic physics. Or even basic economics.
Here We Go Again
I’ve had people tell me in comments here, “no, no, no, the housing crisis had nothing to do with the government pressuring banks to make dodgy loans.” But they’re still doing it:
Assistant Attorney General for Civil Rights Thomas Perez has argued that bankers who don’t make as many loans to blacks as whites (because they make lending decisions based on traditional lending criteria like credit scores, which tend to be higher among white applicants than black applicants) are engaged in a “form of discrimination and bigotry” as serious as “cross-burning.” Perez has compared bankers to “Klansmen,” and extracted settlements from banks “setting aside prime-rate mortgages for low-income blacks and Hispanics with blemished credit,” treating welfare “as valid income in mortgage applications” and providing “favorable interest rates and down-payment assistance for minority borrowers with weak credit,” notes Investors Business Daily.
This is what happens when every single high-level appointment to the Justice Department is a leftist.