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Monthly Archives: October 2011

John Stossel, once again, brings sense in the land on nonsense.  In this Stossel video, he talks about Walter Block’s book, Defending the undefendable.  Walter Block, I should note, is the Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics at Loyola University New Orleans. Professor Block is to be congratulated, as this next Saturday, […]

  A recent study   released by the Tax Foundation and reported by the Pelican Institute (here) states that extended unemployment benefits, which has been part of the stimulus programs passed by Congress, have increased the unemployment rate and slowed our recovery. Under ordinary conditions, an unemployed individual is eligible for up to 26 weeks of […]

Here is an ABC News report on GDP growth for this year’s 3rd quarter, the months of July, August and September.  In a month, the 3rd quarter figures will be revised and more data comes in for September.  The report from the government agency that gathers this information, the Bureau of Economic Analysis, is here. […]

Today, I note the passing of Bill Niskanen, who, at the age of 78, died of a stroke this last week (see David Segal’s obituary of Niskanen  in the 10-28-11 New York Times).  Niskanen was not only an important and influential economist, but at 6’4”, he stood tall figuratively as well as literally.  Niskanen earned […]

In case you haven’t noticed in the news these last several months, there are many life-saving and life-extending drugs in very short supply, here is a rather informative article on the issue from The Atlantic, originally from TheDoctorWillSeeYou.com, that should provide some background. Normally, markets have a self-correcting mechanism for dealing with shortage and surplus […]

Solyndra, the company that has recently drawn so much attention to policies of the Obama administration because of its failure after receiving a half a $ BILLION in a federal loan, epitomizes why the federal government should not make such loans to businesses.   Not only has the federal government handed $528 million to Solyndra, but […]

As I am sure you have heard, to finance his Jobs bill, a plan costing over $400,000,000,000, President Obama has proposed raising several taxes, all supposedly on the rich.  While President Obama flies around the country in Air Force One and various Speakers of the House fly around in a more modest 12-eater jet, President […]

In 2008, Bernie Madoff became famous when he was charged with investment fraud,  operating a Ponzi Scheme, a scheme the SEC defines as an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in […]

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