Economy (page 6)

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    Grant pans Austria’s 100-year bonds

    Jim Grant of Barron’s highlights the flaws of Austria’s new 100-year bonds. The National Weather Service makes 76 billion meteorological observations a year and mobilizes computing power 10,000 times greater than the Dell on your desk, but its basic forecasting horizon is a week to 10 days. Yet…
    Mitch Kokai, July 8, 2019
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    The stock market and Trump’s electoral prospects

    Andrew Bary writes for Barron’s that the stock market might be pointing toward re-election for President Trump. Love him or hate him, President Donald Trump has been good for the stock market. The S&P 500 index has returned nearly 50% since his surprise election victory in 2016, and…
    Mitch Kokai, July 8, 2019
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    Medicaid Expansion Study Bias Revealed in the Title

    The first thing one learns in econ 101 is that all economic activity has benefits and costs. And to consider only one or the other is bad economics, plain and simple. The special interest funded Medicaid Expansion study claiming that over 37,000 jobs will be created if the state extends…
    Roy Cordato, July 1, 2019
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    Democrats and the economy

    Annie Lowrey of The Atlantic focuses on Democratic presidential candidates’ approach to current economic news. Over four hours of debate among what felt like a thousand Democratic candidates, a few notable topics scarcely came up. There was no heated tussle over jobs plans. No argument over how to…
    Mitch Kokai, July 1, 2019
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    Addressing the ‘college-industrial complex’

    Frederick Hess and Grant Addison write for National Affairs about the oversized role of a college degree in hiring decisions. Obstacles to employment are a problem. They impede social mobility, disproportionately harm society’s most vulnerable citizens, and hinder the larger economy. That is why efforts to remove…
    Mitch Kokai, July 1, 2019
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    Economic growth and the rule of law

    John Fund of National Review Online explains how the economy depends on a pillar of a well-functioning government. President Trump says that growth is jeopardized in some countries, even though international trade and investment have promoted economic expansion. Just look and see where the rule of law isn’t…
    Mitch Kokai, June 25, 2019
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    Baby Boomers Indicted

    In a previous blogpost, I cited Economist Lyman Stone’s American Enterprise Institute paper, Red, White, and Gray. In a summary published today at the Atlantic, Stone draws some harsh conclusions about my generation: The political ascendancy of the Boomers brought with it tightening control and…
    Jon Guze, June 24, 2019
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    Inequality and a better life

    John Tamny‘s latest column for Real Clear Markets challenges the popular notion that increased inequality must be bad. In 1989 then prominent computer maker Tandy released the Tandy 5000. Though the poorest of today’s poor would haughtily turn their noses up to the 5000 today, at the time…
    Mitch Kokai, June 24, 2019