Browsing All Posts filed under »social safety net«

Europe P-I-G-S Debt, America’s spending under Bush and Obama at the origin of a Libertarian Revival: Blessings in Disguise!

September 2, 2010 by

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In a TV interview on Feb. 5, 1976, Prime Minister Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”   After the Greek Debt crisis, the whole world turned its attention to sovereign debt, government budgets and fiscal issues.  […]

Obamanomics 101: The economy must be in peril if Hollywood feels compelled to spread the word: Video exposes some disturbing facts… The movie “the Other guys” end credits…

August 12, 2010 by

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One of the most important thing to take out of this video is that bailout money did not save the US economy. The bailout of major corporations primarily helped foreign investors and institutions. Bailouts also create a perverse incentive system. As long as the administration does not adopt a laissez-faire policy, irresponsible risk taking and […]

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