Why is the current recovery so weak in GDP growth and employment?

The video below features economists Russ Roberts and John Taylor, both of the Hoover Institution. It offers a quick and easy way to learn some real clear economics and to understand what is happening, and what is not happening, in … Continue reading

Obama’s DNC acceptance speech long on rhetoric and short on coherent policy

Richard Epstein analyzes Obama’s speech at the close of the Democrat convention and dubs Obama the “preacher-in-chief.” Epstein’s post at the Hoover Institution should be read in full.  Here are the best lines, the first after a review of both … Continue reading

“Top-down” and “bottom up” need to be better defined

“We can’t afford more top-down economics. What we need are policies that will grow and strengthen the middle class.” — Barack Obama That statement from Barack Obama was curious to me since top-down economics, properly understood, is what he believes … Continue reading

Big version of the biggest, most important chart in American politics

This is the chart prepared by the Obama administration in January, 2009, to sell the Obama stimulus plan.  The chart purported to show what the unemployment rate would be with and without Obama’s stimulus plan.  The red dots show the … Continue reading

The Woman of the Future Teaching Economics 101

The woman of the future is enlightened more by logic and reason than the pure emotional feeling that so characterized the woman of the Democrat party of the last 40 years.  The woman of the future is guided more by … Continue reading

The Audacity of No Hope-Part 2

In the first post on this subject, The Audacity of No Hope, I posted a video that showed that Government unemployment figures are affected not only when the unemployed find employment, but also when the unemployed become discouraged and quit … Continue reading

Gallup Finds The Socialists Among Us

A Gallup Poll based on telephone interviews with 972 national adults, aged 18 and older, conducted Jan. 26-27, 2010, finds that socialism is viewed positively by 36% of Americans. Says Gallup: “For results based on the total sample of national … Continue reading