Obama reminded America that “Labor Day” is really “BIG Labor Day” as he announced a new round of make-work-but-never-works stimulus spending for the AFL-CIO labor union: The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining ...
US auto sales collapsed last month providing yet another example of how the greatest exercise in Keynesian economics, the Obama administration’s economic policy, has been an utter failure. The embattled US auto sector recorded one of its worst months on record in August, as General ...
Behold the sheer, unassailable brilliance of Milton Friedman. The man can call his debater a demagogue to his face and it doesn’t come across as anything but clear headed truth, in part because ...
Bloomberg is reporting that Federal Reserve Chairman Ben Bernanke and European Central Bank President Jean-Claude Trichet are now see very different performance in their economies: The Bernanke-led Fed, while saying U.S. growth would be slower than anticipated, announced on Aug. 10 it will buy Treasuries to set a $2.05 trillion floor on its balance sheet and keep ...
Amid the recent and ongoing debate over deficits and welfare state programs like unemployment insurance here in the US, it’s very interesting that Denmark Is Shrinking Its Social Safety Net: Denmark has long held the title of the best place on earth to be laid off. With an expensive, generous welfare state, and the world’s most ...
Gerald O’Driscoll has an excellent piece in the Wall Street Journal today on the root problems in our economy and the reasons why keynesian stimulus has failed. First, keynesians get the causality wrong: The housing boom and bust was a classic asset bubble, such as occurred frequently in the 18th and 19th centuries. Easy money ...
Everyone in America needs to read “Feds rethink policies that encourage home ownership” by Paul Wiseman at USA Today. The article is a truly amazing, surprisingly thorough overview of the massive amount of government distortion and manipulation in the US ...
My favorite economics reporters at NPR’s Planet Money have a new podcast following up on the results of the so-called “stimulus” to date. Listen here: The Great Stimulus Experiment. Here is a comment I made on the ...
So now the EU is jumping on the government bandwagon to help protect Adobe’s proprietary, near-monopoly in rich web software from fresh competition: European regulators have teamed with the Federal Trade Commission in probing Apple's policies for mobile software developers, The Post has learned. In June, the FTC opened an investigation into Apple's decision to ban ...
“What Google Could Learn from Pixar" by Peter Sims at the Harvard Business Review is a quick must read. It’s a great mini-history of the single greatest filmmaking collective of all time. Pixar is magic. Together with Apple, they represent the companies I admire most. One interesting tidbit is how Pixar’s co-founder Ed Catmull ...
