Wizbang: Economics Archives

Betting The House

Posted by Jay Tea · Published: May 11, 2008 · Comments (19)

Earlier today, I heard an NPR feature on the subprime mortgage crisis. They interviewed one guy who was in trouble with his mortgage, in arrears and facing foreclosure. They asked him what his stated income was on the application, and he said he had no idea. When they told him... [Full Story]

Rating: 4.6/5 (22 votes cast)

Business News & Review

Posted by Jayson Javitz · Published: May 8, 2008 · Comments (0)

Click the below link for synopses of the year's most noteworthy business stories to date: GDP growth, immigration reform and border control, the job markets, income growth and inflation, the stock and bond markets, Visa's IPO, the Federal Reserve and the Treasury Department, Bear Stearns, the oil and gold markets,... [Full Story]

Rating: 4.6/5 (9 votes cast)

The Buck Stops Here

Posted by Jay Tea · Published: May 7, 2008 · Comments (15)

One of the things I most love is when I make a pronouncement about something, and then events conspire to provide me with a ready-made example of why I'm right. It's even more satisfying than when it happens beforehand. When that happens, I look merely insightful; when the evidence comes... [Full Story]

Rating: 4.4/5 (11 votes cast)

Economics is Not a Pure Science

Posted by DJ Drummond · Published: May 6, 2008 · Comments (22)

On another blog, I had the pleasure to exchange opinions with a bloglodyte. What earned this fellow that sobriquet was not the fact that he and I disagreed, but that he pursued his argument without the use of reason or a single cogent fact. Vituperance and envy pretty much shut... [Full Story]

Rating: 4/5 (18 votes cast)

The Fix Is In

Posted by Jay Tea · Published: May 5, 2008 · Comments (6)

Well, Hillary Clinton has her plan for fixing the gas price problem. And from what I can tell, her idea of "fixing" the situation closely resembles what a lot of us thought she should have done to her husband a long, long time ago. She thinks that the federal government... [Full Story]

Rating: 4.7/5 (15 votes cast)

Oil's Fair In Love And War

Posted by Jay Tea · Published: May 4, 2008 · Comments (12)

OK, it's time to come clean about the Iraq War. It was, at its core, about oil. But these days, everything is about oil. I never for one instant thought that the invasion of Iraq and overthrowing Saddam Hussein was part of some ploy to take control of Iraq's oil,... [Full Story]

Rating: 4.5/5 (24 votes cast)

Economy Update

Posted by Jayson Javitz · Published: May 2, 2008 · Comments (6)

Click the below link for info about incomes and inflation and job growth.... [Full Story]

Rating: 4/5 (8 votes cast)

Economy Update

Posted by Jayson Javitz · Published: April 30, 2008 · Comments (12)

Believe it or not the country has not gone into a recession. As of March 31 there had not been a single quarter of negative real GDP growth, much less the two consecutive negative quarters that economic conventional wisdom holds is necessary to declare a recession. The economy grew at... [Full Story]

Rating: 4.7/5 (15 votes cast)

The Border

Posted by Jayson Javitz · Published: April 30, 2008 · Comments (7)

Here's a link to an outstanding article -- especially by media standards -- regarding the interrelated topics of immigration reform, border control, the war on terror, public policies, labor economics and partisan politics. As they say, read the whole thing. The entire article is a fountain of information and is... [Full Story]

Rating: 4/5 (10 votes cast)

Telling Tales Out Of School, Part I

Posted by Jay Tea · Published: April 30, 2008 · Comments (3)

Last Monday night, when I got to attend that Tufts class on blogging, was great for me. The students had some really good questions, and I think I can wring at least two blog postings out of what they asked. The first one was the student who gave me the... [Full Story]

Rating: 4.7/5 (14 votes cast)

Kudos To Senator Clinton

Posted by Jay Tea · Published: April 29, 2008 · Comments (24)

I've been giving the matter some thought, and I think it's time to give the devil her due. Of all the candidates running for president, and the current president and powers that be in Congress, only Hillary Clinton has actually done something about rising gas prices. And we should all... [Full Story]

Rating: 2.4/5 (19 votes cast)

The Root Of All Evil

Posted by Jay Tea · Published: April 26, 2008 · Comments (31)

Recently, I got into a discussion about economics over at another blog that was triggered by a remark John McCain made about the economic problems we're having being largely in people's heads. That got me thinking -- that is so true that most people overlook it. Economics doesn't really deserve... [Full Story]

Rating: 4.2/5 (34 votes cast)

Money Musing

Posted by DJ Drummond · Published: April 11, 2008 · Comments (1)

You may have noticed that the media is making a big deal about the economy. If so, you are probably aware that, as usual, the guys on TV are not well educated about how the economy works. I guess High School for the Visual Arts and Morally Impaired never got... [Full Story]

Rating: 4.2/5 (16 votes cast)

Chicken Little Economics

Posted by DJ Drummond · Published: April 4, 2008 · Comments (15)

I have learned a simple lesson in handling MSM news; don't trust them. So I wondered a bit about the whole subprime mortgage mess and all the recession talk (by the way, I seem to recall recession being suggested by the media every election cycle since Clinton left office. Interesting... [Full Story]

Rating: 4.8/5 (18 votes cast)

Feces Wrapped Up As Wisdom

Posted by DJ Drummond · Published: April 1, 2008 · Comments (12)

My step-daughter was gushing about a book when I last spoke with her. We were discussing her upcoming graduation from the University of Houston with a degree in Marketing. Because she was unsure about what she wanted to do next, I suggested some books that ideally she ought to have... [Full Story]

Rating: 4.5/5 (10 votes cast)

Iowa, other US states lead world in high corporate taxes

Posted by Jim Addison · Published: March 24, 2008 · Comments (6)

Nearly half of US states, including most of the most populous states, have combined state/federal corporate tax rates higher than even Japan (the country with the overall highest national rate), according to Paul L. Caron at Tax Prof. Read the report from The Tax Foundation and see the entire list... [Full Story]

Rating: 4.1/5 (7 votes cast)

Government Spending Priorities

Posted by DJ Drummond · Published: February 4, 2008 · Comments (2)

One thing that has puzzled me about Republicans in the last few years, has been spending. Like tax reform, we hear so much about how it's got to change, yet little seems to change. But I also understand that to know how to solve a problem, you have to get... [Full Story]

Rating: 4.7/5 (13 votes cast)

New Welfare Rules Friendlier to Students

Posted by Jayson Javitz · Published: January 26, 2008 · Comments (9)

Welfare Guidelines Eased for College and Vocational School Students Welfare recipients who go to college will be able to use up to a year of classwork to meet the program's work requirements and no longer will need to have their homework supervised for that time to count. Those rule changes... [Full Story]

Rating: 4.3/5 (7 votes cast)

Meltdown Not Restricted To Real World

Posted by Kevin · Published: January 23, 2008 · Comments (20)

In case you're tired of hearing about real life economic problems, you can take heart in the intrusion of real life crime in to the fantasy world economy of Second Life. Alana Semuels of the Los Angeles Times reports on the first Second Life Ponzi scheme: Stephanie Roberts knew Second... [Full Story]

Rating: 4.4/5 (7 votes cast)

Financial Advisers' Biggest Concern: A Democrat in the White House

Posted by Kim Priestap · Published: January 14, 2008 · Comments (36)

A Brinker Capital poll of 236 financial advisers shows that their biggest worry about the economy and investment is not a terrorist attack or global unrest but a Democrat in the White House. From Investment News: The fourth-quarter edition of the Brinker Barometer, which polled 236 advisers in December, found... [Full Story]

Rating: 4.8/5 (20 votes cast)

Christmas Reading Round Up

Posted by Melissa Murphy · Published: December 25, 2007 · Comments (4)

Here's some Christmas reading for everyone. Hope ya'll have had a happy, safe, and merry Christmas. McCain's New Deal Your Christmas present from John McCain. Big (Government) Economic Fix. (Via US NEWS) Half Price Maybe she's had a bit too much eggnog? Hillary says if we elect her that oil... [Full Story]

Rating: 4.1/5 (10 votes cast)

Credit crisis explained - in song

Posted by Jim Addison · Published: December 17, 2007 · Comments (0)

I know Jayson Javitz has already explained the sub-prime mortgage market and its implications, but some readers complain he uses too many words. So, here is Merle Hazard with his musical tribute to the collapse of the secondary mortgage market, H.E.D.G.E: Via Instapundit.... [Full Story]

Rating: 2.8/5 (6 votes cast)

Democrats' tax dilemma

Posted by Jim Addison · Published: December 15, 2007 · Comments (0)

One of the Democratic Congress' consistent themes has been their desire to "roll back" tax cuts "for the wealthy." The simplest way for them to accomplish this goal is to allow the last round of tax cuts implemented to just expire in 2010, or to only extend them for "middle... [Full Story]

Rating: 4.1/5 (7 votes cast)

The Coming Recession

Posted by Lorie Byrd · Published: November 28, 2007 · Comments (2)

I watched the television news last Friday night with my husband. The video they ran from earlier that "Black Friday" morning showed what appeared to be thousands of people lined up outside a shopping center waiting to get in the doors. The reporter talked about how incredibly packed and busy... [Full Story]

Rating: 4.5/5 (20 votes cast)

Thanksgiving and "The Tragedy of the Commons"

Posted by Jim Addison · Published: November 22, 2007 · Comments (20)

We might do well to remember the first Thanksgiving at the Plymouth Colony was only possible because they abandoned the failed socialist model for a community and adopted property rights and responsibilities instead. John Stossel in his Creators' Syndicate column: When the Pilgrims first settled the Plymouth Colony, they organized... [Full Story]

Rating: 5/5 (14 votes cast)

Economics Archives

May 11, 2008

May 8, 2008

May 7, 2008

May 6, 2008

May 5, 2008

May 4, 2008

May 2, 2008

April 30, 2008

April 29, 2008

April 26, 2008

April 11, 2008

April 4, 2008

April 1, 2008

March 24, 2008

February 4, 2008

January 26, 2008

January 23, 2008

January 14, 2008

December 25, 2007

December 17, 2007

December 15, 2007

November 28, 2007

November 22, 2007

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