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Tag Archives: economics
How Economies Work
photo credit: unforth When Adam Smith wrote The Wealth of Nations he was not writing about how economies and markets should work, he was writing about how they do work. Anyone who wants to know how they do work must … Continue reading
Money Down the Drain
A little statement from an article titled “Cash For Clunkers”: Did It Work? got me wondering about the fate of three hundred million dollars. When the $3 billion is exhausted, roughly 600,000 vehicles will have been swapped for more fuel-efficient … Continue reading
The Economic Bill of Rights
During his final State of the Union address Franklin Delano Roosevelt spoke about what he said could be considered a second bill of rights which may be referred to as The Economic Bill of Rights. In his address he said … Continue reading
Posted in culture, National
Tagged Bill of Rights, documents, economics, government, health care, history
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The Paradox of Government
Today I read Paul Krugman writing about the paradox of thrift. As is often the case, I found it interesting to read and to notice the assumptions that Krugman bases his positions on. While anyone can go read what he … Continue reading
Posted in National
Tagged economics, Elevated, government, national debt, Paul Krugman, reactions, savings
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Economic Recovery
I was listening this morning to a story on NPR about rising unemployment when an interesting thought struck me. The story was talking about the negative feedback loop of rising unemployment leading to lower housing prices and more economic uncertainty. … Continue reading
Economic Contradiction
Paul Krugman and I agree on little politically (I have at times agreed with him when he was arguing that TARP was a bad idea – although we disagreed on the reasons why) and despite the fact that my assumptions … Continue reading
Posted in General
Tagged economics, free markets, government, money, New York Times, Paul Krugman
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GM Surprise (or not)
Back at the end of March David Brooks made a prediction for GM in the New York Times that came due today. I have been waiting to check in on that. He started with this background of the situation as … Continue reading
Posted in National
Tagged bailout, economics, government, money, New York Times, Obama, unconstitutional
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A Currency All My Own
I really enjoyed Scott’s introduction to different currency types. It’s a great introduction to the differences between fiat currency, commodity currency, and representative currency. Coincidentally we have implemented a new representative currency in our household in an effort to teach … Continue reading
Public Transportation
I have just changed my commuting from riding the bus to driving. This was not due to my own choice – my office moved and I was unwilling to take an extra 2 to 3 hours per day to get … Continue reading
Senators Seeing the Future (Clearly)
There are obviously a few things that I don’t understand about the Senate. Yesterday I reported that according to Senator Bennett the most important (he said it was most important, it was not simply the first thing on his list) … Continue reading