Monthly Archives: August 2012

Archive of posts published in the specified Month

The Minimum Wage And Poverty

Mark Wilson writes The Negative Effects of Minimum Wage Laws in the Cato Institute Policy Analysis, 6/21/12 Some summary points from his paper: 1.8 million hourly workers were paid the minimum wage in 2010. Of those 49% were aged 24…

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Wealth and Government

This link at Ballot Pedia shows the net worth of our congressmen.  Some worthy notes: The average net worth of a Senator is $13,224,333. Of the ten wealthiest senators, the top seven are Democrats. The average net worth for a…

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A Better Redistribution

“A thousand restaurants close every month. They re-open, and that’s good for America. Nobody’s rescuing them. They employ people, too. If we let them go bankrupt, the factories don’t go away, the creative people don’t go away. They get employed…

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There is No Victory in a Class War

From Phil Gramm and Steve McMillan in their article in the Wall Street Journal, The Real Causes of Income Inequality, 4/6/12. Inequality is a natural result of the expansion of liberty and the development of new technology and new products. Henry…

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Housing Sanity is Just Due North

Economist Mark Perry writes in The American in 2/26/2010 Due North: Canada’s Marvelous Mortgage and Banking System. Excerpts: And this recent financial crisis isn’t the first time that Canada’s banking system showed greater signs of stability and less exposure to…

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An Acceptable Target

An asshole selects a very polite clerk to lecture about tolerance. (tips to Bluegrass Pundit) Her self control says much about her training. The Chick-Fil-A controversy has gone from the ridiculous to the absurd. Religious Freedom has limits. So does…

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Discretionary Failure

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was enacted to prevent another financial crisis, but it misdiagnosed the crisis and enacted the wrong remedies.  People are now waking up to the fact that the bill does…

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Wall Street and Main Street

Charles Murray wrotes an excellent analysis in the Review section of the weekend Wall Street Journal, July 28-29/12, Why Capitalism Has an Image Problem. He addresses the different perception between the production sector and the financial sector: Another change in objective…

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An Organic Entity

George Gilder writes Unleash the Mind in National Review.  It is from his soon to be released update of his classic Wealth and Poverty. ( I have already preordered on Amazon.) Excerpt: America’s wealth is not an inventory of goods;…

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