Tag Archives: Principles of Economics

Slowing Economic Growth: The True Death of Keynes.

The following chart was published not that long ago in a Gallup study. It depicts the real overall economic slowdown that has occurred in the USA since 1966: The implications are stunning. For over 50 years, the Keynesian economic establishment running the US government has claimed to be furthering economic growth. This is the entire […]

Continue Reading →

“Buy American!” – A Protectionist Dialogue.

In light of the recent announcement of Trump’s “Buy American” executive orders, I present a theoretical dialogue between Trump and myself: Trump: “Buy American!” Me: “Noted.” Trump: “Let me rephrase that: I demand you to buy American.” Me: “Why?” Trump: “Because it’s your duty!” Me: “Why?” Trump: “Because it helps the economy!” Me: “How?” Trump: […]

Continue Reading →

Trump: China Waging “Economic War” Against the USA?

From Real Clear Politics: Trump responded Sunday at a rally in Staten Island, NY, saying that over the course of the past thirty years, China has “waged an economic war against [the United States].” “You have to look at my response to China,” Trump said excitedly. “Because it is what someone has to say. Because […]

Continue Reading →

Wall Street Casino: Collapse of Valeant.

Valeant Pharmaceuticals’ share price has plummeted over the past six months. Once a Wall Street bull, the company is now the very definition of a popped balloon: This is incredible. How on earth does a large firm, supposedly staffed with seasoned corporate leaders, advisors, and investment experts, undergo such an insane bust? Why weren’t all […]

Continue Reading →

Zoolander Economics: Child Labor

Zoolander is a funny movie. It’s quotable. It’s memorable. I consider it to be one of the best comedies of the 2000s. But it displays zero economic understanding. I know what you might be thinking. “Why are you ruining something funny by making it into something boring and uninteresting?” This is what I pride myself […]

Continue Reading →

Will Robots Replace All Workers?

Mainstream conservatives love to hold up immigration as a major source of job loss among working Americans. I am not familiar with the statistics they usually use to support this. But I say this with confidence: it is mostly utter baloney. It’s true that any given immigrant may compete with any given American worker for […]

Continue Reading →

Green Politics: The New Socialism.

Communism died in December of 1991, after the USSR committed seppuku. Literally overnight, the Soviet empire disappeared. The international communist movement went down with it. In the West, there was a great knashing of teeth among socialist intellectuals. These people had insisted for nearly 75 years that a society run by engineers, professors and bureaucrats […]

Leave a Comment Continue Reading →

Federal Government Bailing Out Oil Companies?

On Reuters, we read: The U.S. government on Friday proposed buying buy up to 5 million barrels of sweet crude for the Strategic Petroleum Reserve to replace oil it sold in a test sale last year. In March 2014, the Department of Energy astonished oil markets with a test sale of 5 million barrels, which […]

Leave a Comment Continue Reading →

The Good, the Bad, and the Beautiful.

It has been nearly 7 years since the Great Recession of 2008. Some people have recovered, but many have not. When I say “recovered”, I mean recovered the lifestyle they had pre-2008. Whether willingly or unwillingly, there are many people who have downgraded their lifestyle. How do I know this? Examine the below chart – […]

Leave a Comment Continue Reading →

Obama and NAFTA: Betraying The Left Wing.

In the Washington Post, we read: President Obama is preparing a major push on a vast free-trade zone that seeks to enlist Republicans as partners and test his premise that Washington can still find common ground on major initiatives. It also will test his willingness to buck his own party in pursuit of a legacy-burnishing […]

Leave a Comment Continue Reading →