by Henry Oliner | Oct 31, 2011 | Business, Economics
John graduated high school. Being of good character but not being a great student , he got a job in contracting starting at $30,000 a year. He was dependable and was promoted to supervisor. Over thirty years his income grew an average of 3% per year. Thirty years...
by Henry Oliner | Oct 30, 2011 | Politics
The capital of Pennsylvania is bankrupt and it is not difficult to see why: excess borrowing for ridiculous unproductive or mismanaged projects. Steven Malanga writes in the Wall Street Journal, How Harrisburg Borrowed Itself Into Bankruptcy 10/28/11: Excerpts: Under...
by Henry Oliner | Oct 29, 2011 | Business, Economics
Gasoline prices are falling. On behalf of all of those who blamed the evil oil companies for the high prices I would like to thank them for lowering prices. The oil business is booming in North Dakota. Unemployment there is at 3%. They are paying $15 an hour for...
by Henry Oliner | Oct 28, 2011 | Economics
Phillip Levy praises the new Nobel Laureates in economics, Tom Sargent and Chris Sims in The End of Comfortable Keynesianism, published in The American – The Journal of the American Enterprise Institute. (now included in the Rebel Yid Links) Excerpts. That behavioral...
by Henry Oliner | Oct 26, 2011 | Business, Politics
One of the rules of the Dodd Frank Financial Reform bill was the cutting of the bank fees charged for debit cards. I have read much about the financial collapse of 2008 and I do not recall any analyst who thought that high debit card fees had a significant role to...
