Nancy Pelosi, Economist
[Guest post by DRJ] Speaker Nancy Pelosi says unemployment benefits stimulate the economy: PELOSI: “Now let me say that unemployment insurance — we talk about it as a safety net and the rest. This is...
View ArticleApocalypse Now
[Guest post by DRJ] Recently, even President Obama acknowledged the potential fiscal apocalypse caused by record deficits and called on Republicans to put up or shut up: “Next year when I start...
View ArticleFudging Unemployment
[Guest post by DRJ] Tyler Durden explains how the BLS is fudging the unemployment rate: “The only reason for the decline in the unemployment rate to 9.5% was yet another decline in the labor force...
View ArticleGloom, Doom and Socialism
[Guest post by DRJ] The financial news is gloomy as the sluggish economic recovery shows signs of faltering. As columnist Irwin Steltzer noted over a year ago, the Obama Administration is making...
View ArticleObama Administration Costs American Jobs
[Guest post by DRJ] The TARP Inspector General reports the Obama Administration’s handling of the GM and Chrysler car dealership terminations needlessly cost American jobs: “Treasury made a series of...
View ArticleSenate Clears Hurdle to Extend Jobless Benefits
[Guest post by DRJ] The Senate cleared the way to extend jobless benefits, with a little help from former Senator Robert Byrd’s replacement and the GOP Senators from Maine. Meanwhile, Senator Jim...
View ArticleBleak Economic News
[Guest post by DRJ] Bloomberg News posts two reports that together paint a bleak picture of the American economy: U.S. economy grew 2.4% in Second Quarter, Below Forecast U.S. Michigan Consumer...
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Michael Hiltzik’s Hackery in Making Texas Sound As Bad As California
I don’t want to get off on a rant here, but . . . . . . but Bradley J. Fikes passes along a link to Michael Hiltzik’s latest column titled What California should learn from the Texas budget crisis. The...
View ArticleBreaking: Obama’s Economy Still Sucks
When the L.A. Times can’t spin it for you, man, it’s time to hang it up: U.S. economic growth slowed further in the second quarter as consumers cut back on spending and businesses curbed their...
View ArticleWhat Should We Think About on Labor Day?
Michael Hiltzik of the L.A. Times says we should remember the value of unions. Wilma Liebman, writing in the L.A. Times, takes a slightly different perspective, and says we should remember the value of...
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“Human Action” and Robert Murphy’s “Choice,” Part 4: Rounding Out the Basics
This is Part 4 of my ongoing series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 5: The Division of Labor
This is Part 5 of my ongoing series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 6: The Importance of Ideas...
This is Part 6 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 7: The Importance of...
This is Part 7 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 8: What Monetary...
This is Part 8 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 9: Defining and Studying...
This is Part 9 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 10: Where Prices Come From
This is Part 10 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 11: Indirect Exchange and...
This is Part 11 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
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“Human Action” and Robert Murphy’s “Choice,” Part 12: Mises’s Approach to...
This is Part 12 of a 17-part series of posts summarizing Bob Murphy’s indispensable book Choice: Cooperation, Enterprise, and Human Action. Murphy’s book is itself is a summary of Ludwig von Mises’s...
View ArticleBernie Sanders Is Wrong: Part 1: The Bottom 20% Does Not Remain Constant
Lately I have been reading The Thomas Sowell Reader — a collection of essays and passages from across the gamut of Sowell’s writing. One of Sowell’s most valuable contributions comes in the form of...
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