This article covers six ways to measure the health of an economy. Some may be hard to measure, but is GDP particularly easy to measure either? Also, these measures may have cousin measures at the micro or industrial level. GDP – The total price of final goods and services Also, if GDP = I + … Read more Seven Ways to Measure Economic Health
The European Central Bank is the bank of the Eurozone. The ECB is an interesting case study in the centralization of economy policy. Central banks in general are highly centralized structures of economic policy, but the ECB is an even stronger example of centralization because it is a single international policymaker which is substituted for … Read more A Quick Look at the ECB
The problem is incentives. I work hard and make an A in class. You are lazy and make a D+. The class average is a B. The professor says, “To be fair, next test everyone will simply earn the average. It’s equal that way.”Now I expect to earn a B even if I work hard … Read more Why Redistribution Results in a Weak Economy
This article will discuss the relationship between the monetary policy of a nation and its national defense. There is a relationship between economic policy and national defense. In particular, a government must ensure a strong and stable national currency in order for defense spending to be effective. When a country’s central bank prints money or … Read more Monetary Policy and National Defense
This article will argue that it is possible the government shutdown was actually good for the job market. Washington Post and many others report that in the month of October the US economy picked up tens of thousands of jobs more than were expected. The article goes on to talk about how the official unemployment … Read more Was the Government Shutdown Good for the Job Market?
Charles Lindblom describes some advantages and disadvantages of the free market in The Market System. In the last two chapters he then discusses an alternative which he prefers. Keep in mind that Lindblom is widely considered ideologically leftist, liberal or statist. Despite that bent, even he cannot nearly deny the amazing power of the free … Read more Charles Lindblom on the Market System
This article covers one essential aspect of an efficient budget. “A Clean Slate” An efficient budget needs to start with a clean slate. This can be done through an inventory wipe or through discount accounting. A clean slate means that you adjust your budget to account for what you already have on hand. Let me … Read more 1 Essential Aspect of Budgeting
I recently butchered an interview when I was asked, “Do illegal immigrants take American jobs?” My answer, which no doubt confounded my interviewer and left him with the impression that I was intellectually confused, was, “Yes and no, but usually yes.” This article is meant to defend that statement, and perhaps find a way to … Read more Do Illegal Immigrants Take American Jobs?
CBS News reports that Snowden was granted temporary Russian asylum today. The Russians played their role as actors well for a time, but we all knew this was coming. The Russians still consider the US a great enemy behind closed doors. The Washington Post reports that Manning was found not guilty of aiding the enemy, … Read more A Time of Freedom
American Thinker – July 21, 2013 – Robert Berry Just when we thought we had seen the last great innovation of our age, something new appears. Like the internet that came before, an obscure open-source computer protocol is poised to create and destroy whole industries and has already become a source of agita for government … Read more American Thinker:The Mind-Boggling Implications of a Bitcoin Economy