Monthly Archives: July 2011

Archive of posts published in the specified Month

Reality Trumps Good Intentions

One little-noticed effect of an increased minimum wage is that it always increases the percentage of workers who end up earning less than the minimum wage. An employer with an annual income below $500,000 is free to ignore the federal…

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More On the Stagnant Income Myth

I have posted several excerpts from Alan Reynold’s Income and Wealth, a comprehensive look at a more accurate inclusion of factors omitted or distorted by those claiming that middle class incomes have stagnated for 30 years. Excerpts from Rebel Yid…

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There is No Money Tree

One of my repeated political truism is that it is the challenge of elected officials to say “no” to worthwhile projects we can not afford.  One of the very few who seem adult enough to rise to the challenge is…

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How Well Do you Know the News?

Take this brief 11 question test at Pew Research on your knowledge of the news:  Pew Research Interactive I got 10 out of 11 correct. I missed the one about our greatest Federal Expense. A few observations: 1. I read no newspapers,…

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Why Government Spending Overstates GDP

Over time, an increasing percentage of what we spend on government is spent on optional rather than core services because the core services tend to have been around longer. Another way of putting it is to say that the marginal…

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Growth, Not Taxes, Will Increase Revenues

Any business that has survived the past few years knows something about balancing a budget. When the depth of the recession hit in 2009 and in many cases, especially the construction industries, sales volume dropped 50% or more there was…

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Leaning Laffer

The Laffer Curve is an explanation of the dynamic effects of tax increases or decreases. In its basic model it looks like this: Of course this is a model to explain that there are points where raising tax rates may…

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Closing the Curtain on Keynes ?

Scott Grannis, one of my daily go-to economic bloggers, write in his Calafia Beach Pundit–  Why Can’t We Cut Our Way to Prosperity? Excerpts: He might do well to consider the record of the Clinton administration. As these charts show,…

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The Private Jet Sham

With corporate jets becoming the intentional focus on the class warfare debate, and being used as an example of a glaring need to raise taxes, it may be clarifying to examine exactly what they are talking about. Commercial air carriers…

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Why the European Union is Coming Undone

from a bit of a July Fourth Rant by Victor Davis Hanson in The National Review – Liberal Frankensteins July 1, 2011 The European Union is unwinding for two very simple reasons. First, it is not a constitutional state, but…

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