Economist Mark Perry analyzes why the disappearing middle class is not necessarily a bad thing. It is because they are entering the upper class , not because they are falling into the lower class. From his post,Yes, the middle-class has
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“While the regulators had a legitimate concern, the manner in which they chose to handle WaMu was even more destructive. They decided to take the extra losses created by covering the uninsured depositors from WaMu’s bondholders. The bondholders had expected
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The default belief of our economic history of the last 100 years has been an acceptance of the dynamic growth of capitalism punctuated by excesses of market greed that have to be corrected by the singular wisdom of government regulation.
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The president seeks a fairer distribution of wealth; he claims not to admonish prosperity, but seeks to be sure it is shared. There is a proven method to this noble objective and it lies under his nose. Instead of promoting
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Too much money makes many people stupid. After the prosperity and growth of the 1980’s, Clinton thought that he could expand the prosperity to more people by enacting government programs without consequences. In the Investor’s Business Daily editorial, Bill Clinton,
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The president’s jobs bill is a non starter, a desperate attempt to do something by doubling down on failed policies. Point one– He offers tax breaks to workers by extending the reduction in FICA taxes, and making up the deficit
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When reading and reflecting on the history of our economic and financial condition it appears that we get it wrong more often than we get it right. Just as our history is a history of wars with brief interim periods
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The debt downgrade is not good, but not all that happens as a result is bad. No matter how pathetically this result is spun to reflect on the Tea Party, intransient Republicans, and George Bush the administration cannot escape responsibility.
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There is little to add to the Weiner fiasco. Sexting is now a very descriptive new word in the digital lexicon. The winner in this lurid tale is Andrew Breitbart. His objective was not Anthony Weiner but the Media Complex
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The lack of certainty is a common refrain from business people and investors today. But it is not a satisfactory explanation. Business people always face uncertainty. There are always unforeseen problems, new competitors and products, and risks in investments. Without
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Monetary policy seeks to promote economic growth through the proper management of the currency. The trick is to create enough money to provide growth without losing control of inflation. This is no small task. We are a nation addicted to
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Nicholas Kristof writes in the New York Times April 27, 2011 Great Leap Backward Excerpt: Ms. Cheng was arrested on what was supposed to have been her wedding day last fall for sending a single sarcastic Twitter message that included
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Economist Scott Grannis writes in his excellent blog, The Calafia Beach Pundit, Coach Obama still doesn’t understand the game. Excerpts: If he learned anything in the past two years, it was that the public doesn’t like the concept of stimulus
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Our economy is in dangerous territory. Obama inherited a mess; a bubble that was a culmination and a combination of reckless leverage, poor regulation, misguided fiscal policy, major shifts in the global economy, and mistaken monetary policy. A lot of
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It is probable that we habitually overestimate the extent to which inequality of incomes is mainly caused by income derived from property, and therefore the extent to which the major inequalities would be abolished by abolishing income from property. What
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The most misunderstood aspect of the success of the Reagan led supply side revolution was the monetary aspect. The idea adapted from Robert Mundell’s theory was that the Fed should focus ONLY on monetary matters and that fiscal policy should
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Michael Barone writes in Townhall.com Obama’s Economists Missed What Voters Plainly Saw. Barone makes an astute observation that there is a difference between the business cycle recessions more commonly seen in the past and a recession caused by a financial
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from Townhall.com Why Obama Does Not Get it by Bruce Bialosky Excerpt: Mr. Obama may be a smart man, but he cannot become a business brain through osmosis. It takes experience and a certain aptitude, neither of which he appears
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In a debate posted on YouTube between Connecticut Senate candidates Richard Blumenthal and Linda McMahon circulating on many conservative blogs and sites, Blumenthal falls for the trap set by his opponent when she asks him “how do you create a
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Every day on my 9.4 mile drive from my house along Eisenhower Parkway to our business at General Steel on Broadway I count empty buildings. Entire strip centers are abandoned. Free standing stores are boarded up. The Macon Mall must
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