The Latest Keynesian Stimulus: Hurricane Sandy

Hey! Did you hear the good news? Hurricane Sandy will create jobs and provide economic growth that will help drag our economy out of the doldrums. According to University of Maryland economist Professor Peter Morici, there is actually a benefit to mass destruction:

However, rebuilding after Sandy, especially in an economy with high unemployment and [...]

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Worst Headline Of The Day

Cash for Clunkers?

Bentley gets $4.8 billion UK government grant to increase R&D

The UK’s Department for Business Regional Growth Fund has approved Bentley Motors for a grant for approximately $4.8 billion. According to Bentley, the grant will “support the development of a new powertrain application which will enable Bentley to exploit new [...]

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The Law of Unintended Consequences Video

This video does a good job of explaining the unintended consequences of government programs that attempt to “solve” what is perceived as a problem, yet the solution causes more problems than it solves. I don’t know anything about the National Inflation Association which produced this video, so it isn’t an endorsement of them.

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The Third Quarter Bump

By Jeff Harding

It isn’t as if taking your money and giving it to other people to buy new cars doesn’t create sales, it obviously did and I would expect that we’ll see an upward tick in GDP for Q3 as a result.

Almost every investment house is revising upward their predictions on Q3 results. [...]

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Cash for Clunkers = Cash for Unions

By Jeff Harding

U.S. auto sales in July climbed to their highest pace in 11 months, as customers rushed to showrooms amid uncertainty about the future of the federal government’s “Cash for Clunkers” incentive program. [According to Edmunds, all auto industry sales for July were down 12% from a year ago.]

Now, car [...]

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