Browsing All Posts published on »June, 2010«

The Job-killing impact of Minimum wage laws!

June 14, 2010 by

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The effect of minimum wage laws should be clear even to the least versed in economic theory among us. Minimum wage laws are a mandatory increase in the cost of filling new positions. When the cost of filling a job opening exceeds the value from filling that position, assuming rational behavior, businesses will choose not […]

Job Growth in May: economic recovery or another bubble driven by Government spending?

June 4, 2010 by

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The May jobs report tells us that government created 10 times more jobs than the private sector, the engine of growth for our economy. Most of this government job creation is financed by government spending! With unprecedented deficits and government debt all around the world, the so called economic recovery seems to be entirely financed […]

Breaking news (I’m not surprised!): May Jobs report is a disappointment!

June 4, 2010 by

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President Obama and his Vice President are happy to report “job growth” for 5 months in a row!  Nonfarm payrolls up 431,000 in May but this number doesn’t paint the whole picture. Although unemployment is down by 0.2% from 9.9% to 9.7%, job Growth did not meet most economists expectations, but I can’t say that I am […]

Could Economic Freedom and Competitiveness make up for High Levels of Government Spending? The UK still most attractive to investors in Europe!

June 3, 2010 by

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James Close from Ernst & Young told CNBC on Wednesday that the UK was still attracting the most Foreign Direct Investment in Europe.  Amidst the sovereign debt fears in the developed world, the UK stands out despite huge government spending and unprecedented debt to GDP ratio.  According to James Close, the things that matter to […]

Fiscal Deficits, Unprecedented Government Debt: Act Now or Pray for God to Save us All!

June 2, 2010 by

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The nation is facing a fiscal emergency. Debt is exploding and federal spending exceeds revenues by more than $1 trillion a year. read more about this interesting article published by senior economic policy expert Chris Edwards from the Cato Institute: Federal Spending Limit