Oh, how I wish someone would have introduced me to “Economics” at an earlier age… === WSJ 4/23/2018 By Quinn Connelly Jordan Peterson’s “12 Rules for Life: An Antidote to Chaos” has become a cultural phenomenon. But one aspect of his work is underappreciated— economics. Most of us hate making difficult decisions, but as Mr. Peterson sternly reminds us, life is full of tough... Read more
Archive for the ‘Economics’ Category
Tariffs
March 7 | Posted by mrossol | American Thought, Economics, TrumpWe’ve seen this movie before.. ==== WSJ 3/7/2018 From a 1930 letter signed by 1,028 economists opposed to the Smoot- Hawley Tariff Act: We are convinced that increased protective duties would be a mistake. They would operate, in general, to increase the prices which domestic consumers would have to pay. By raising prices they would encourage concerns with higher costs to undertake production,... Read more
Blaming Racism
March 7 | Posted by mrossol | American Thought, EconomicsInteresting, yes. ====== BY Jason L. Riley, WSJ 3/7/2018 After the deadly riots of the 1960s in Los Angeles and Detroit, President Lyndon B. Johnson appointed a commission—which is what politicians do when they don’t really know what to do or need to stall for time. The result was the Kerner report, issued 50 years ago last month. The report blamed black... Read more
Financial Retirement “Rules”
February 12 | Posted by mrossol | American Thought, EconomicsWorth considering some different perspectives on the subject. ===== WSJ 2/10/2018 by Anne Tergesen When saving for retirement, calculate your “number,” the amount you’ll need without running a big risk of depleting your savings. When in retirement, spend no more than 4% of your initial balance, adjusted annually for inflation. And when investing in retirement, start out with a relatively high percentage in riskier... Read more
The Poison of Identity Politics
August 15 | Posted by mrossol | 1st Amendment, American Thought, Economics, The LeftI see this every day. America needs to come to grips or the future will not be pretty. ======= WSJ 8/14/2017 As ever in this age of Donald Trump, politicians and journalists are reducing the violence in Charlottesville, Virginia, on Saturday to a debate over Mr. Trump’s words and intentions. That’s a mistake no matter what you think of the President, because the... Read more
Apprenticeships!
June 20 | Posted by mrossol | American Thought, Economics, Education, Work worldSomething Germany has known for years. ========== WSJ 6/19/2017 One restraint on economic growth is the increasing U.S. labor shortage, especially for jobs that require technical skills. Meanwhile, many college grads are underemployed and burdened by student debt. The Trump Administration is trying to address both problems by rethinking the government’s educational priorities. President Trump directed Labor Secretary Alexander Acosta last week to... Read more
