Browsing All posts tagged under »economics«

Levathian Inc.

August 9, 2010 by

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Governments seem to have forgotten that picking industrial winners nearly always fails.  Government intervention seems to have become a global phenomenon.  Long gone are the fears of unintended consequences.  The last major financial crisis has been used by politicians to make the concept of a “nanny state” more and more acceptable.  The economist makes a compelling argument why […]

Chairman of the House Ways and Means Committee Sandy Levin (D-Mich) “flip flops”! America, Who’s looking out for you?

April 21, 2010 by

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“House Ways and Means Chairman Sandy Levin (D-Mich.) on Monday said tax cuts benefiting the wealthy and enacted under President George W. Bush will expire at the end of the year…”  I thought this was the same congressman Levin who wanted to extend the Bush tax cuts because job creation was his priority!  At least that was what […]

Nobel Prize economist Dr Mundell and Dr Laffer prescribe tax cuts!

April 14, 2010 by

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CNBC The Kudlow report with prominent economists Dr Mundell and Dr Laffer According to Dr Mundell and Dr Laffer, the best way to pay off the debt is to get Americans back to work by cutting taxes! “Over time, increased growth will contribute to paying off the debt” – recipient of the Nobel Prize in […]

Economics 101: Why are good Americans dissatisfied with their standard of living?

April 7, 2010 by

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Are Americans satisfied with their standard of living?  1998 Nobel Prize winning economist Amartya Sen defined standard of living as “functionings and capabilities”.1 I found a Gallup poll dating back to February 2010 that makes the claim that North Dakotans are in fact the most satisfied with their standard of living:   On a state-by-state basis, […]