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Business & Economics PRESS ROOM |
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Obama's Big Spending Fallacy Could Ruin the US Economy: A History Lesson
Submitted by Gerard Jackson on 7.30.2009
I'm inclined to the view that the Great Depression was a seminal turning point in the history of economic thought. Thanks to that politically-induced tragedy something like 150 years of sound economic reasoning was overturned by two mercantilist fallacies that we now call Keynesianism, the first of which was the demand deficiency fallacy.
Obama Misunderestimates Why He Won the Presidency
Submitted on 7.27.2009
There are limits to what a great communicator can accomplish if he is communicating the wrong message. In the last few weeks, Barack Obama has been receiving a lesson in this truth and learning, perhaps, too, that he, in the words of his less audibly gifted predecessor, “misunderestimated” why he won the presidency.
Cut the Budget, Arnold
Submitted by Jason Clemens on 7.24.2009
Could things get any worse for California's economy? State unemployment in June jumped to 11.6 percent -- the highest rate on record, and among the top six nationally. Frantic negotiations between Governor Schwarzenegger and Sacramento lawmakers have yielded a deal to meet the government's $26-billion budget shortfall, but as of this writing it is not certain that the required two-thirds of legislators will approve the threatened prisoner releases and accounting gimmicks.
Pension Calculus Draws New Scrutiny
Submitted by Craig Karmin on 7.20.2009
A California dustup over large pension payments is shining a spotlight on the practice of spiking -- increasing a salary just before retirement and boosting the lifelong payout.
Staggering Statistics Scream for Dramatic Policy Changes
Submitted by Michael D. LaFaive, Dr. Michael J. Hicks on 7.20.2009
New unemployment statistics are the latest in a seemingly endless series of reminders of Michigan's economic woes and policy miscalculations. The state's unemployment rate leapt to 15.2 percent in June, the 40th consecutive month Michigan has had the highest unemployment rate in the nation.
Obama fast becoming Canada's best friend
Submitted by Barbara Yaffee on 7.15.2009
Canada has a new secret weapon. His name is Barack Obama.
At least, that's one interpretation of negative fiscal consequences likely to flow from the Democratic president's ambitious, big-ticket government agenda and not a far-fetched one at that.
President plays high-stakes poker with taxpayers' money
Submitted by Jason Clemens on 7.9.2009
Like a young, aggressive poker player, President Obama seems to have pushed in all his chips on his budget. The size of the gamble is nearly unprecedented because the pot holds the nation's economic future for at least a generation.
The Pacific Research Institute Introduces the California Enterprise Value Index
Submitted on 7.9.2009
The Pacific Research Institute (PRI) announced today the introduction of the California Enterprise Value Index, a measure of the enterprise value (EV) of publicly traded companies headquartered in California relative to the EV of all U.S. publicly traded companies. This is the first measure in an ongoing series.
When Economic Stimulus Does Not Stimulate
Submitted by Shawn Ritenour on 7.9.2009
A majority of Americans now give President Obama's handling of the economy a negative rating and many economists and city officials are concerned that Obama's gargantuan stimulus effort has not given the expected quick boost to the economy.
The Economics of Climate Change
Submitted on 7.8.2009
During the last ten years, one of the biggest drivers of public opinion and policy has been concern over global warming or climate change. The economics of climate change uses economic theory and computer models to study the interactions among government policies, the climate system, and the economy.
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Total Records: 15
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