Archive for the ‘economics’ Category

If only all politicians were so honest

Sunday, May 25th, 2008

U.S. House Democrat Maxine Waters during a hearing concerning gas prices. [youtube dRhBMGFmu5s] I suggest she read the Constitution she swore to uphold, think a bit about property rights, and watch this video by John Stossel. My favorite part is the graph showing that tax revenue from the tax on gasoline ...

Teen minimum wage costs them jobs

Wednesday, May 21st, 2008

Daily Herald, Chicago, April 28, 2008 "Suburban teenagers might have trouble finding summer employment, but some businesses say they fear they'll have even fewer work opportunities next year. If an Illinois proposal to make the teenage minimum wage equal to adults' pay becomes law, teen-friendly businesses may slice hours or give their ...

Investing in students

Wednesday, May 14th, 2008

Thomas Sowell on the subject: Why does college cost so much? There are two basic reasons. The first is that people will pay what the colleges charge. The second is that there is little incentive for colleges to reduce the tuition they charge. ... [An alternative to funding college education for the ...

What warrants explaining: equality or inequality?

Wednesday, May 7th, 2008

Follow up to: Thomas Sowell on income inequality Today Yahoo News reported the this Live Science article: Conservatives Happier Than Liberals Individuals with conservative ideologies are happier than liberal-leaners, and new research pinpoints the reason: Conservatives rationalize social and economic inequalities. Regardless of marital status, income or church attendance, right-wing individuals reported greater life ...

Thomas Sowell on income inequality

Wednesday, April 23rd, 2008

Arnold Kling (Swarthmore '75) has recommended a podcast by George Mason University Economics Professor Russ Roberts about basic economics. Kling writes that If you had just one hour to learn essential, basic economics, listening to this talk would be the way to do it. The core topic is the reasons ...

Tax musings

Thursday, April 17th, 2008

I originally had this at the end of my previous post, but it's worth its own post. On a related issue, I continue to be amazed at how seldom, if at all, I hear people write or talk about taxes in terms of "what am I getting for this"? I start ...

“For the general good of society”…whatever

Monday, March 31st, 2008

The Rocky Mountain News posted my letter in response to this news article about how or if government should force one group of people to buy broadband internet access for another group of people. Jeff Smith writes that CU law professor Phil Weiser "would like to see public rather than industry ...

The tax threat to prosperity

Friday, February 8th, 2008

Writing in the Wall Street Journal, economist Arthur Laffer makes an important point: A cut in the highest tax rates will increase lots of other tax receipts. It will lower government spending as a consequence of a stronger economy with less unemployment and less welfare. It will have a material, positive ...

Free-market “barons” must please customers

Saturday, January 5th, 2008

Yesterday the Daily Camera printed a letter to the editor of mine in response their Editorial Page Editor's attacking individual freedom:

Psychological Biases and Investing

Thursday, December 27th, 2007

I recently finished reading a book about this called Investment Madness, by John R. Nofsinger, an Associate Professor of Finance at Washington State University. It's very clear, well-organized, well-referenced, and a quick read. The publisher has put the first chapter on-line here. From the ...