Nothing like real life learning. Hope someone learns… ——– The Occupy Wall Street protests have drawn huge numbers of confused and directionless young people, but maybe that’s not all bad. Some of them at least seem to be getting a remedial course in economics. Nan Terrie learned an expensive lesson last week about the importance of property rights. “Stealing is our biggest problem... Read more
Archive for the ‘Economics’ Category
The Vatican’s Monetary Wisdom
October 27 | Posted by mrossol | EconomicsBy ROBERT A. SIRICO On Monday, the Vatican released an 18-page document titled “Toward Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority.” Since then, it has been celebrated by advocates of bigger government the world over. What’s ignored is that the document—released to stimulate debate, not offer official doctrine—embraces a sound economic theory concerning the... Read more
You don’t say?!
October 16 | Posted by mrossol | EconomicsSpeaking 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
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
