Posts Tagged ‘Economics’
Chavez failing Economics 101 – sends army to rice plants
Economics is the study of the use of scarce resources which have alternative uses. This definition comes from the text Basic Economics written by Thomas Sowell. Hugo Chavez – president of Venezuela – should read at least the first couple chapters of this book. From Bloomberg.com… Venezuelan President Hugo Chavez sought to tighten his grip…
Read MoreGet In On The Fun … Play The Stimulus Game
Here’s your chance to grab a piece of the porkapalooza pie and be just like a big time Democrat VIP (sorry Senator Dodd). The game is fun and easy to play and will make you feel like a Big City Mayor, Federal Bureaucrat, or community organizer extraordinaire. Click here to play … and don’t forget…
Read MoreGood To Know: Another Biden Moment
Do I really need to say anything more than “Joe Biden”. Speaking to the Democrats at the “Rome burns while we party in Williamsburg” function, Joe tells the crowd we have a30% chance of getting it wrong. Hmmm 30%. Like those odds? httpv://www.youtube.com/watch?v=hCqqlYTi57A Perhaps this is something he could have told us before the RINOs…
Read MoreBalancing The Recession On The Backs Of … Men?
My guess is this won’t garner much sympathy from inside the beltway … not a protected class. Too bad its not whales, dogs or glaciers. (H/T Instapundit) The proportion of women who are working has changed very little since the recession started. But a full 82 percent of the job losses have befallen men, who…
Read MoreEconomics lesson: supply and demand for firefighters in Miami
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…
Read MoreReason 67: Government should not bail out corporations
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.…
Read MoreCEOs try to explain economics to man who helped destroy economy
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…
Read MoreObama’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…
Read MoreAll Economists Agree? Not So Fast.
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…
Read MoreDoes our government trade with Japan?
The short and correct answer is no, and our government does not trade with any other country either. Walter Williams offers us a timely lesson today since Congress, talk radio and the nation is discussing the proposed bailout of the nations big three automakers. I’m not sure if GM, Ford and Chrysler really make up…
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