Tag Archives: Economics

Is America Becoming More Like China?

Is America becoming more like China under President Obama? Or should we be upset that it isn’t? We’ll talk about the President’s jarring diplomatic trip to Asia and how the markets responded to Ben Bernanke’s New York speech on today’s Coffee and Markets.

Sauce For The Goose, And All That

I am in favor of means-testing for programs like Social Security and Medicare; which would constitute one of the better policy responses to the out-of-control entitlement spending we are seeing take place. Something has to be done to control spending for entitlement programs, and means-testing is one of the most effective somethings there is out there.

Elinor Ostrom And Oliver Williamsom: Nobel Prizewinners In Economics

An excellent choice, and one that takes the bad taste left by the awarding of the Peace Prize out of one’s mouth. I note that Paul Krugman’s reaction, while properly laudatory, does not reveal the fact that Ostrom’s work is in many ways, antithetical to Krugman’s views on the role of government.

Ethics and Economics: The Morality of Innovation

On Edmund Phelps: “When the word morality comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world’s resources or for investment bankers to earn large bonuses? And is it moral for financial markets to experiment with volatile derivatives that increase the potential for panics?”

Remembering Rose Friedman

A very nice obituary by the New York Times.

Rose Friedman, RIP

A terrible loss. Rose and Milton Friedman did so much to better the human condition. Would that there were more like them, but it may well be that the mold was broken once they were given life.

The Coming Middle Class Tax Hike

David Axelrod all but advertised it.

Quote Of The Day: Thomas Sowell Edition

“I think in the U.S. and in most of the world the public understanding of economics is abysmal. But it’s one thing not to understand something. I don’t understand brain surgery. It’s another to want to form policies on things on which you are ignorant.”

Non-Reality-Based Economics And Fiscal Policy

In a day and age in which so much of the media seems to have put aside its critical skills and adopted, instead, unthinking adoration of the Obama Administration, it is reassuring to see that there remains some skepticism of Administration claims on issues like the economy in general and the nation’s fiscal health in particular:

“Now Is No Time to Give Up on Markets”

An interview with Gary Becker.

The Centrist President

As liberal as his legislative solutions to the current economic crisis have been, if President Obama holds to his promises on other policy fronts, there are several areas where he could become a paradigm-busting figure who ignores unrepresentative opinion on both sides to offer centrist solutions to the American people.

- March 20, 2010 -

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