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What Is A Nobel Prize in Economics Worth These Days?

Richard Penney December 19, 2011

People debate all sorts of topics in the world of economics.  Often in these debates, it will come to some kind of gridlock or standstill.  That’s when it happens.  Someone [...]

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Economy - Tags: Economic, economy, Nobel Memorial Prize in Economic Sciences, Nobel Prize

Paul Krugman is an Economist?

Richard Penney December 17, 2011
Paul Krugman, an economist...kind of

You may or may not be familiar with the name Paul Krugman.   He writes a blog in the NY Times.  People consider him an economist.  In fact, some people consider [...]

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Economy, The Media - Tags: Austrian School, Economic, economic liberty, Economic predictions, economy, Keynesian economics, Krugman, paul krugman

The Difference Between Progressive Liberal Economics & Neo-Con Economics

Richard Penney February 25, 2011
Unicorn

Some people want to know what the difference between liberal economics and neo-conservative economics. Here is a quick lesson that will take less than 1 minute. Progressive Liberal Economics Wife: [...]

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Economy - Tags: Economic, liberalism, neocons, Politics & Government

Busting The Myth That Business is Bad.

Richard Penney September 30, 2010

You have heard it before. People complain about big business or “evil” capitalism.  They say that business is evil and it is the greedy business people that are the problem.  [...]

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Economy - Tags: Business, Capitalism, Economic, Economic Systems, free market economics, Poverty

NBER Says Recession Is Over. Blah Blah Blah.

Richard Penney September 20, 2010
Newsroom of the New York Times

The NBER announced that the recession is over.  In fact, they said it was over in June of 2009. Let’s lay this out… The 2010 congressional elections are fast approaching. [...]

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Economy - Tags: Economic, National Bureau of Economic Research, recession

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