You can prove anything with numbers. This article addresses a prime example of this ‘truism’. It also reinforces the importance of “defining terms”. ======= By Alan Reynolds March 2, 2015 7:01 p.m. ET In the “Economic Report of the President” released on Feb. 19, the White House’s Council of Economic Advisers defines “middle class economics” primarily by the average income of the bottom 90%.... Read more
Archive for the ‘Economics’ Category
The Mumbo-Jumbo of ‘Middle-Class Economics’
March 7 | Posted by mrossol | Democrat Party, Economics, Party PoliticsColleges Need a Business Productivity Audit
December 29 | Posted by mrossol | Economics, EducationAnd you would think universities would be leading the effort to figure this out. Not. =========== By Frank Mussano And Robert V. Iosue Dec. 28, 2014 6:54 p.m. College tuition rates are ridiculously out of hand. Since the late 1970s, tuition has surged more than 1,000%, while the consumer-price index has risen only 240%. The percentage of annual household income required to... Read more
Harvesting Crop Insurance Profits
December 27 | Posted by mrossol | Big Govt, EconomicsWhen you subsidize something to this degree, is it any surprise that demand goes up? =========== A simple fix could save taxpayers $40 billion without damaging the U.S. food supply. By Bruce Babcock And Vincent H. Smith Dec. 23, 2014 6:08 p.m. ET Over the past three years, proposals from the Obama administration and the House Budget Committee to reform the $80 billion-a-year federal crop-insurance... Read more
Crumbling infrastructure is a sign of lost collective faith
December 8 | Posted by mrossol | American Thought, Big Govt, EconomicsA story worth your time. Mr. Sommers presents some great, albeit challenging, opportunities for both the private and public sectors. =========== Crumbling infrastructure is a sign of lost collective faith – FT.com.
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A Lesson for America in Poland’s Rise and Ukraine’s Fall
August 31 | Posted by mrossol | American Thought, Economics, UkraineA pity that many Americans do not seem to have the ability to connect these dots. ========= By Phil Gramm and Michael Solon “As President Obama is learning, no political victory is permanent without economic success. Consider the fates of two former Soviet vassals.” In forging Turkey out of the ruins of the Ottoman Empire, Mustafa Kemal Atatürk warned his countrymen in 1923 that... Read more
