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 pulls the Nobel Prize of economics card or starts listing credentials. Frankly, I think this terribly weak for a couple of reasons. Citing an award has nothing to do with [...]
Paul Krugman is an Economist?
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 Mr. Krugman to be a good economist. He was given the Nobel Prize in economics. Here’s the thing. Paul Krugman very rarely gets anything right when it comes to the [...]
The Difference Between Progressive Liberal Economics & Neo-Con Economics
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: “Honey, we are out of money!” Liberal Husband: “It’s ok dear, just spend more money. The government will pick some off the magic money tree & send us more.” Neo-Con [...]
Busting The Myth That Business is Bad.
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. It stems from the conditioning…err…teachings of the public school system and even university professors. The say that the people would be living horrible, dangerous lives of poverty if it weren’t [...]
NBER Says Recession Is Over. Blah Blah Blah.
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. The topic everyone cares about is the economy. After all, the democrats have took the bad economic policies of George Bush and made things ten times worse. So, it would [...]
Break Free From The Herd