Speaking before a group of protesters in Zuccotti Park, Nobel economics prize winner Joseph Stiglitz urged on the crowd, telling them they are “right to be indignant.” Professor Stiglitz goes on to explain, correctly in my view, that we have a financial system of socialized losses and privatized gains. What the good professor fails to mention is only a few years... Read more
Archive for the ‘Economics’ Category
Harold Hamm: How North Dakota Became Saudi Arabia
October 2 | Posted by mrossol | American Thought, Economics, ObamaAnyone know a good realtor in ND? ======= Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be “completely energy independent by the... Read more
Chicago Economics on Trial: Robert E Lucas, Jr.
September 28 | Posted by mrossol | American Thought, Economics, Tax Issues“Where are you supposed to get these expectations? If you just make them up, then you can get any result you want.” =============== By HOLMAN W. JENKINS, JR. Let’s face it, the “Chicago School” of economics—the one with all the Nobel Prizes, the one associated with Milton Friedman, the one known for its trust of markets and skepticism about government—has taken a drubbing... Read more
Extortion Works for China
September 6 | Posted by mrossol | Economics Tags: China“… This is a pattern we have seen before, in industry after industry. As analyst John Tkacik notes, China’s predatory policies follow a predictable pattern: Beijing demands that foreigners bring technology to China and then the Chinese steal the technology, undercut foreign competition on global markets with subsidies, and finally drive foreign competitors into bankruptcy. … ” Gordon G. Chang –... Read more
