|
This has been a phenomenal year for the economy. There have been major, fundamental changes that will affect our lives for many years to come. I don’t see these changes as a good thing for the short or long term. These changes are generational in that they don’t occur often and they will radically impact the [...] By Jeff Harding. This video was sent to me by Dan Mitchell at Cato. Dan presents an excellent summary of why government spending is harmful to the economy and prosperity. Whether or not it results in deficits, the greater the spending by government as a percentage of GDP, the greater is the negative impact on the economy. One [...] By Jeff Harding.
I’ve been thinking a lot about gold lately. Especially now that Nouriel Roubini has come out and trashed the noble metal (see Tyler Durden’s article). Anyone who tells you they know what’s going to happen with gold is guessing. Roubini is guessing. Roubini also makes some fundamental errors in his analysis, and [...] By Jeff Harding. Bank failures are shown on a map, month by month from 2008 to 2009. Like the unemployment map I posted. I “borrowed” this from Mish. From Visualizing Bank Failures (2008-2009) By Jeff Harding. Paul Samuelson died yesterday at the age of 94 as I am sure you have heard. He was very successful in his field, having won a Nobel in economics and his economics textbook, Economics: An Introductory Analysis, sold over 4 million copies. I used his textbook in Econ 101. His contribution to economics was [...] By Jeff Harding. Cap and Trade, Global Warming, and Climate Change all have significant implications for we humans. The following analysis was done by Cato scholar, Andrei Illarionov, formerly Vladimir Putin’s chief economic advisor. As an economist he studied the available literature and synthesized the current state of the scientific evidence on climate change and global [...] By Jeff Harding. A “stock exchange” for piracy is something to consider. I hesitated before I published this article because the usual types will no doubt say that this is laissez-faire capitalism (“See what happens when you don’t have any government regulations”). So the purpose of this article is to show that the activities described in [...] By Jeff Harding. The new jobs bill negotiations are apparently getting under the skin of our politicians. As reported in the Wall Street Journal Wednesday, the Republicans and Democrats were rather testy with each other during a meeting with the President. Here’s part of their exchange: Republicans pushed Mr. Obama to freeze federal spending, a plea the [...] By Jeff Harding. As my readers know, every so often I get fed up with what comes out of Washington (Our Nation’s Capital) and feel the need to vent. My recent irritation is a letter Christina Romer, the president of Obama’s Council of Economic Advisers, published in the Wall Street Journal. The letter is an apologia for the economic policies [...] By Jeff Harding. This is an animated color map showing unemployment by county as it grows from January 2007 to October 2009. It’s fascinating to see the map get darker and darker as the colors change–the dark colors are areas of 10%+ unemployment. Jeff Harding. I don’t mean to keep picking on Japan. But, they are the textbook case of why Keynesian economics doesn’t work. Actually, now that I think about it, they are the textbook case of why Austrian free market economics works. I have set them up as the poster child for bad policies. They have had [...] By Jeff Harding. This blog has just recorded its 100,000th page view. In the big world of blogging that’s not that many page views, but considering that we’ve been really going for only a year–I really cranked it up in 2009–I feel pretty good about it. Our growth has been good lately and we’re are signing up [...] By Jeff Harding. Everyone is pleased with the employment numbers that just came out today. Also, industrial production showed an increase. These numbers would indicate that we are well on our way to recovery, and I hope that is true. Many economists have hailed these reports as a clear sign that we are well on the [...] By Jeff Harding. This little movie, The Incredible Bread Machine, came out in 1975 to explain the difference between market forces and government forces in the economy. It was screened to small libertarian groups, and I believe it made it to TV as well. I think you will enjoy the movie, actually a movie within a movie. This is [...] By Jeff Harding. Since the biggest financial collapse in world history was built on credit related to housing, it is pretty obvious that we should be paying very close attention to that market. The reasons are complex, but a recovery must be based on the liquidation of bad debt. The sooner that happens the quicker a recovery [...] By Jeff Harding. I have all this vitriol stored up from not being able to publish for two weeks and it needs to be spewed. I just read Foreign Policy magazine’s “The FP Top 100 Global Thinkers,” and it is worthy of my bile. Of all the crap I have to read every day to get [...] By Jeff Harding. I took a hiatus of about two weeks from writing. Business matters required my complete attention. I guess I’m one of those types that burns a slow fuse and have difficulty dividing my attention. I made an eight day business trip to Ecuador and then spent time writing up my report. I plan [...] |
||
|
Copyright © 2010 The Daily Capitalist - All Rights Reserved |
||