I have a soft spot in my heart for economics. I am, by no means, an economist; however, at some point during an undergrad Econ 101 course (in a large auditorium, it seems, somewhere in the SWKT) I had an “a-ha!” moment. I suddenly saw economics as a field that actually had some predictive power for […]
Economists and their blind spots
March 11, 2011 by Daniel Burton
Filed Under: Political Thought Tagged With: Economic, Economist, Ezra Klein, Health savings account, Inflation, Laws of Economics, postaday2011, TANSTAAFL, Trade union, Tyler Cowen
Federal budget outraces CPI by four times
February 17, 2011 by Daniel Burton
Did you know that federal spending has increased faster than consumer prices? Four times faster? From 2000 to 2010, federal spending has increased 106% while prices (according to the Consumer Price Index) have only increased 26%. In other words, while the cost of stuff has risen only 26%, the government is spending roughly four times more than if […]
Filed Under: Government, Laws and Lawmakers Tagged With: Arnold Kling, Barack Obama, budget, consumer price index, Discretionary spending, Economics, F.A. Hayak, Federal Budget, Federal government of the United States, Friedrich Hayek, Government spending, Laws of Economics, Mandatory spending, postaday2011, Price Index, Road To Serfdom, Social Security, United States federal budget
Social Value: The Market Is Smarter Than You, Mr. Congressman
January 11, 2011 by Daniel Burton
Image via Wikipedia Economics. Whether you try to dodge it, ignore it, or explain it away, you cannot escape the laws of economics. Supply, demand, self-interest, etc, etc, etc. It’s like gravity. And like gravity, you ignore it at your own peril. Says Thomas Sowell (though I’ll not get into the partisan part of his […]
Filed Under: Laws and Lawmakers, Political Thought Tagged With: Aftershock, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, Barney Frank, Chris Dodd, congress, Democrats, Economics, Free Market, Kevin Williamson, Laws of Economics, postaday2011, Republicans, Thomas Sowell, Washington DC
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