From The Daily Beast Nick Gillespie writes Relax—Both Parties Are Going Extinct excerpts: What’s going on? The short version is that political, cultural, and even economic power has been decentralizing and unraveling for a long time. Whether you like it
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Economist Mark Perry writes in Carpe Diem When we consider all US CEOs and all US workers, the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1 Excerpts: The AFL-CIO is comparing: a) the average salary of a small sample (350)
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Mark Perry suggests an enlightening way to view the minimum wage in his blog Carpe Diem: Instead of $10.10 per hour, think of the proposed minimum wage as a $5,700 annual tax per full-time unskilled worker Suppose that instead of
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from Carpe Diem …. are from Ludwig von Mises, writing in Human Action. 1. A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses
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from Mark Perry at Carpe Diem, Sorry Krugman, Piketty and Stiglitz: Income inequality for individual Americans has been flat for more than 50 years MP: This is a very important finding that: a) individual income inequality has been flat for more
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from Some Challenges for Minimum Wage Supporters- from Carpe Diem links to Don Boudreaux at Cafe Hayek Name some other goods or services for which a government-mandated price hike of 25 percent will not cause fewer units of those goods and services to
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Donald Boudreaux wrote an excellent piece Questions for redistribution’s proponents: A few gems: • While Dr. Smith earns more money than does poet Jones, poet Jones earns more leisure than does Dr. Smith. Do you believe leisure has value to
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Pope Francis offered his judgment on modern capitalism in his 50,000 word address, Evangelii Gaudium: Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and
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Kevin Williamson adds some clarity to the minimum wage debate in The Minimum-Wage Myths in The National Review Online. Excerpts: The purpose of this fight is not to hash out economic questions related to low-income people. The purpose of the fight
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Christina Hoff Sommers writes Lessons from a Feminist Paradise on Equal Pay Day in The American, 4/9/13. Excerpts: Generous parental leave policies and readily available part-time options have unintended consequences: instead of strengthening women’s attachment to the workplace, they appear
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from Bloomberg Businessweek, Why Abundant Oil Hasn’t Cut Gasoline Prices by Asjylyn Loder, Mario Parker, and Matthew Philips on March 28, 2013 excerpt: This year, the law requires U.S. refiners to blend 13.8 billion gallons of ethanol into the fuel
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From the Ludwig Von Mises Institute, Outlawing Jobs: The Minimum Wage, by Murray Rothbard: Excerpts: In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period. The law says: it is illegal, and therefore
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In The New York Times, Nobel prize winning fool (a growing breed) Paul Krugman writes the Twinkie Manifesto, 11/18/12. In the article Krugman suggests we return to the tax rates of the 1950 when the highest bracket was 91% and
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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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In Carpe Diem ( a daily read for me) economics professor and blogger Mark Perry writes What Can Onions Teach Us About Oil Speculators?. 4/22/12 The two critical points made by Perry Futures trading in onions was banned in in
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Mark Perry analyzes the current Bureau of Labor Statistics unemployment data is his blog, Carpe Diem, a required daily read for me. Excerpt from Interesting Facts from Today’s Employment Report, 1/6/12: The unemployment rate for workers with a college degree
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This entry marks post # 2,000 on Rebel Yid. When Erick Erickson of Red State spoke at my Rotary Club in Macon, Ga. 5 years ago, I had no idea what a blog was. I had filled several notebooks with
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Andrew Puzder writes Job Creation Is Price for New U.S. Health Law in Bloomberg, 12/26/11: Excerpt: Our company, CKE Restaurants Inc., employs about 21,000 people (our franchisees employ 49,000 more) in Carl’s Jr. and Hardee’s restaurants. For months, we have been
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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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Read more in Mark Perry’s Carpe Diem Two Americas: Public vs. Private Employees
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