Category: Economy

The “plutocrats” of old whom we are taught to hate made their fortunes by providing us with goods and services that have improved our lives: cars, steel, railroads, computers, finance, et cetera. But nowadays it isn’t businessmen who get truly rich. It is swindlers like Al Gore, a con man who has likely never produced […]

Welcome to Harrisburg. Harrisburg, Pennsylvania demonstrates the future we have to look forward to if we allow the looting spree by our bureaucratic liberal overlords to continue. Harrisburg’s water and sewer system is falling apart. Consequently, A second sinkhole on Fourth Street near Maclay Street in Harrisburg collapsed at around 11 [New Year’s] night, hours […]

Economist Michael Rizzo: Yes, so no tax internet shopping harms some local retailers. The solution? Harm the internet retailers too. That’s government in one lesson. Hobble everyone.

The AP/Politico just can’t find it in themselves to put any blame on the policies of Obama and Democrats (Politico) U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers’ rising uncertainty […]

Tim Kane for the Hudson Institute. Discouraging. Three samples: “Since 1977, newly born companies usually create a net 3 million jobs per year, but the most recently released data report as falling to 2.34 million in the year 2010. The Commerce Department will not release annual 2011 or 2012 data until after the election, but […]

This: list: gets about 2.5 out of 10 correct. A better list: 1. People want far more at zero prices than they can possibly produce: goods and services have been, are, and almost surely always will be scarce. 2. People respond to incentives. 3. The cost of doing something is the value of the next best alternative […]

Kudos to Karl Ushanka for shining some light on the cruelest tax — inflation. If Obama’s economic policy of profligate government spending and massive expansion of the money supply seems familiar, you may be a student of Russian history: Lenin triggered inflation to eliminate the Tsarist monetary system, which he planned to replace with centrally-managed […]

You can say that again. For the last couple of years, some of the state’s most influential business titans and elder statesmen have taken time off to grapple with the mess in Sacramento. Former Secretaries of State George Shultz and: Condoleezza Rice, Google Inc. Chairman: Eric Schmidt, Los Angeles philanthropist: Eli Broad: and other heavyweights have all attended an […]

One of the big Memeorandum pulls is a report from Board of Governors of the Federal Reserve System, which has made Leftist supporters of (NMP) Obama’s policies ecstatic Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent […]