Economics

Economics lesson: supply and demand for firefighters in Miami

By Steve McGough | February 3, 2009 |

A story at the Fox News 7 Web site caught my eye this morning. Almost 1,000 applicants lined up for 35 available firefighter positions that will be available in the City of Miami. Three of those who were waiting in line were interviewed, the first was a former Marine who was unemployed and the other…

Reason 67: Government should not bail out corporations

By Steve McGough | February 2, 2009 |

When you are a large corporation that is having difficulty, one of the things you must considered is marketing. There is a time you need to spend money to make money. You could cut your entire marketing budget, cancel all of the advertising, lay off the graphics staff that make the pretty brochures, and hope.…

CEOs try to explain economics to man who helped destroy economy

By Jim Vicevich | February 1, 2009 |

For me it was classic. Not amusing, just classic. Two highly successful CEOs Fred Smith and Eric Schmidt try to explain why protectionism (Buy American Union Payback Clause) will cost jobs. Barney “FFANAP” Frank responds with something about social safety nets to keep workers from revolting but I am not sure the CEO’s understood a…

Outrage? Really?

By Jim Vicevich | January 30, 2009 |

President Obama expresses sudden outrage at bonuses paid to Wall Street executives during what is arguably one of the worst years evah on the Street. Here’s the outrage bite. httpv://www.youtube.com/watch?v=wXtaClHCG2k But wait … his Treasury Secretary …. well he got a nice little bonus even though he presided over the banking collapse. Newly minted Treasury…

Of Course You Know This Means War

By Jim Vicevich | January 30, 2009 |

Now this is what I call change. George Bush declared war on our enemies and liberals went nuts. But when “Hopenchange” declares war on our friends … now that’s something liberal Democrats beholding to unions can get their arms around. The stimulus bill passed by the House last night contains a controversial provision that would…

They’re Not Acting Like Investors

By Jim Vicevich | January 29, 2009 |

Imagine that. Jack Welch, Former GE CEO appearing on Hannity last night I think make a critical point regarding government money being poured into American businesses. They are devaluing their own investment. and perhaps insuring their failure? httpv://www.youtube.com/watch?v=7dCRWEYvBqI

Who Pays For The Stimulus? Updated

By Jim Vicevich | January 29, 2009 |

Well come on … who do you think? Oh … and we finally have that “Get Out Of Jail Free” Card. Yea!

Obama’s so-called stimulus – bad for the economy

By Steve McGough | January 28, 2009 | Comments Off on Obama’s so-called stimulus – bad for the economy

And it’s really only good for government. Volume III of the Center for Freedom and Prosperity Foundation’s Economic Learning Series has a new seven minute video that you must watch. Although it is currently featured on the home page, I’ve got it here too. It’s only seven or eight minutes out of your day, watch…

All Economists Agree? Not So Fast.

By Jim Vicevich | January 27, 2009 |

The President, as well as most Democrats and unfortunately some Republicans keep telling us the Government needs to spend big in order to save the economy. And they almost always add … all economists agree. Well the folks at the Cato Institute had had enough and took out this ad … click on it to…

Feel Like A Chump?

By Jim Vicevich | January 27, 2009 |

Tomorrow’s show will feature an interview with Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth. If you are not familiar with the Cato Institute click here. It is a libertarian think tank. And for my money you rarely these days hear this much…