Category Archives: ECONOMICS

Flying Somewhere? Better Buy Your Ticket Early

I see air fares are rising at a 97% per year basis. It is no secret that the further in advance you buy tickets the cheaper they are, and even more so in an inflationary spiral. So if you are … Continue reading

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Is Today’s “Recovery” As Bad As The Worst Of The 1929 Depression?

I was born in the spring of 1933, and the first year I remember clearly was the fall and winter of 1938. Other than chatter by the campfires, I cannot say how it was in ’33, or tell you about … Continue reading

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Headline: 1 in 6 Men 25-54 Not Working

The Weekly Standard reports, accurately enough, that one man in six of the 25 to 54 years of age are not working. That group adds almost ten trillion dollars a year to the economy. If one in six is unemployed, … Continue reading

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Hmm: That leaves us 4.5% short

Economists generally say the Gross Domestic Product should grow in order to make room for our expanding population. Most seem to agree that a 3.5% year on year growth is about right to remain in the same place. The latest … Continue reading

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Grandpa, How Can Taxes Cost More Than The Tax Percentage?

Amy, do you want to know how a gross 20 percent tax rate can almost triple the cost of a glass of milk? Oh, Jimmy does. I see. All right. The average gross tax load of an American consumer is … Continue reading

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Grandad, What Is Inflation?

One of the confused grandsons dropped by to ask “Grandpa, what is inflation.” Well, to start with, inflation is when something, usually the “state,” makes money worth less. They do that by turning loose more coins or paper “bills.” Since … Continue reading

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Who Gets Killed By Raising The Minimum Wage?

In the first part of this series, I covered several aspects of monetary theory relating to labor, money, and debasing the currency. Since everyone wants to know who will be worst affected, in order to save time let’s take the … Continue reading

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I se the pols want to buy votes by raising the minimum wage

Mitt Romney is the latest to come out in favor of hiking the minimum wage. I suppose that simply proves that no matter how many times it fails, there are those who think that just one more try will succeed. … Continue reading

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No Guns, No Gas, No Water, No Electricity In Venezuela

Bloomberg reports Venezuela, that “gun free authoritarians paradise,” actually Cuba’s slave sate, has begun rationing electricity and water, after Colombia cut off natural gas exports to Venezuela. No food in the pots, no water to drink, and no electricity to … Continue reading

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Hmm: Florida Eyes Education Reform

The Daily Caller reports Florida’s Governor Rick Scott is eyeing education reforms and tuition incentives. The tuition incentives would be a good idea. Make tuition inversely proportional to the societal value of the education. That is, medical school, the hard … Continue reading

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