Economics

Germans not getting onboard with ‘the Debt President’

Der Spiegel had an article on the five fallacies of the Obama economic debacle plan.  You can read the English version of Chancellor Merkel Visits the Debt President for the details, but here are the five fallacies: It's not as…

How to measure the success of the stimulus

How to measure the success of the stimulus

Judging the success or failure of the stimulus spending has always been a difficult task. To evaluate it, you have to determine what would or could have happened had it not been implemented. That uncertainty allows both sides to play…

Obama’s Mortgage Plan: More Harm Than Good?

The Wall Street Journal takes a look at President Obama's proposed mortgage rescue plan and finds that it could create far more problems than it solves:President Obama yesterday announced his plan to prevent home foreclosures, saying he wanted to Read…

Pass Obama’s stimulus bill NOW

There is a simple solution to the current political showdown in Washington over the stimulus bill – pass Obama's stimulus plan. Pres. Obama campaigned and won the election. The American people saw the policies he was proposing. With the election,…

Religion, innovation and economic progress – Part II

Religion, innovation and economic progress – Part II

This post is part of a series. The Religion and the Open Society Symposium, sponsored by The Council on Foreign Relations, covered the positive impact of Protestant Christianity on economics and innovation in history. In contrasted the various world Read more [...]

Religion, innovation and economic progress – Part I

Religion, innovation and economic progress – Part I

This post is part of a series. The Council on Foreign Relations recently had a great three part symposium, and I wanted to summarize some of the great material from the transcripts.   It covers such things as the economic progress…

The Democrat economic problem

My fiscal conservatism has been challenged because of my conditional support of Republicans, particularly over Democrats, when they have been spending money in record amounts. My retort is always that the GOP has been the historical home to fiscal conservatism…

Somebody didn’t tell the economy

While liberals continue to rail against the "tax cuts for the wealthy," Bush tax cuts continue to help the nation as a whole, including bringing in more tax revenues from the middle class and poor corporations and the rich. According…

Taxes Were Cut, But Revenues Went Up

Taxes Were Cut, But Revenues Went Up

Human Events recently had a nice short article showing how, after the Bush tax cuts of 2003, tax revenues went up.  This is classic supply-side economics at work, and the graph at right is self-explanatory if you realize the 2003…

NY Times fails math

It seems the New York Times is not very good at math (which may be a good thing since math is racist), but pretty good at promoting Democratic political spin. The paper of record discovered a shocking fact when evaluating…

Why Socioeconomics Don’t Explain Black Poverty

Sunday’s New York Times had a very good Op-Ed piece on black poverty called A Poverty of Mind.  It cogently explained why we have largely ignored the cultural factors (that is, the black American subculture) in favor of socioeconomic and…

The Religious Economy

Rodney Stark, historian and sociologist, has written one of the most enjoyable books I’ve read in a long time, For the Glory of God.  However, I recently found his lecture The Market Approach to Understanding Religion.  He has some really…