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Economics: Fear the boom and bust with Keynes and Hayek

By Steve McGough / January 27, 2010 /

As I was trying to decide if I was going to watch President Obama or try to generate some Schedule C income tonight, a reader sent this link to a video at the EconStories Web site. You can call this Econ 201 since it is a bit more advanced, but well worth the time to…

Good thing we did that stimulus, huh? Update: Video

By Jim Vicevich / September 5, 2009 /

This chart keeps changing and not for the better. Some analysis here at Michaels Comments. But what stuns me is not that the stimulus is not working … we warned you in February that shoveling money to Democrat public works projects does not stimulate the private sector where jobs are created. It’s not that the…

Generational theft: continued

By Jim Vicevich / May 11, 2009 /

This is really the third in a series of posts but in many ways I think is the most important. Make sure you read Unemployment estimates with and without recovery plan and The Coming economic meltdown.

Recounting, not rewriting, history – the Great Depression

By Steve McGough / April 17, 2009 /

Even though I have two books on the desk that I have yet to finish reading, I’m interested in perusing books about economics. Not advanced economics, but just the basics. I’m still trying to find the time to read Basic Economics – on our book list – but thanks to a tip from the good…

Get In On The Fun … Play The Stimulus Game

By Jim Vicevich / February 12, 2009 /

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…

Balancing The Recession On The Backs Of … Men?

By Jim Vicevich / February 6, 2009 / Comments Off on Balancing 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…

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…

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…

Does our government trade with Japan?

By Steve McGough / November 26, 2008 / Comments Off on Does 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…

Emotion will not help you understand fuel prices

By Steve McGough / September 16, 2008 / Comments Off on Emotion will not help you understand fuel prices

Gas prices go up. Gas prices go down. Those of you who think there is a daily 7 a.m. ET conference call where the executives from ExxonMobil, Chevron, Shell and Sunoco decide what the price of gas should be that day are wrong. Fuel prices, just like any other world commodity, are driven by the…