Econ
Killing America: The Socialist Movement
March 22, 2011 By
The hypocrisy here is really amazing, they’re essentially saying, “Those greedy rich people have money, we want and deserve their money, and we’re willing to ruin our country and the lives of our children to get it.” Capitalism has served our country very well and has made us the wealthiest nation on earth. I heard [...]
Stimulus & the Net Loss Argument
October 19, 2010 By
As campaign season has been heating up, embattled Democrats are taking serious poundings over the government’s failure to restore employment numbers to pre-recession levels. Their prevailing defense, when one is given, is that government action did create jobs, however the economy lost more jobs than were created, therefore the economy lost net jobs, even though [...]
On Labor, and the holiday thereof.
September 4, 2010 By
Once a year, America celebrates the end of summer with a national holiday dedicated to dubious economics: Labor Day. Organized labor, we are assured, lifted the working poor out of poverty, allowing us all to escape wage-slavery by redistributing wealth from the greedy fat-cats to the working classes. Why, without unions, we’d probably still be [...]
The Rise, Fall, and Ghastly Lingering of John Maynard Keynes
June 9, 2010 By Leave a Comment
It’s 1929, and the stock market has just crashed. You’re a classical economist, and you’re trying to reassure everyone that these things happen from time to time, and the economy will soon make a turnaround and in no time we’ll be following the roaring twenties with the roaring thirties. You’ll soon eat those words. Unemployment [...]
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