Business Archives

After reviewing the latest economic news and the Oxford study conducted on the poverty level, I think that the only appropriate responses are as follows. Congratulations! You ignorant liberals who vote based on envious idle-minded delusions of “fair” collectivist societies have been living in an alternate reality. But now it is time to wake up, that is if it’s not too late, because your allergy to truth and reason has destroyed the middle-class.

Entertainment, Policy

VIDEO: Poverty and Progress: Realities and Myths about Global Poverty

July 19, 2013

In his new book, Poverty and Progress: Realities and Myths about Global Poverty, renowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.

Economy, News, Policy

U.S. First-Quarter GDP Growth Drops to 1.8%, Stock Gains Halted

June 26, 2013

U.S. first quarter GDP growth, not surprisingly, was more tepid than previously estimated in the first quarter. Economists are citing that the economy was held back by a moderate pace of consumer spending, weak business investment and declining exports.

Economy, Markets

Global Economic News Sparks Turnaround On Wall Street

June 25, 2013

The markets posted big gains on Tuesday as traders heralded strong U.S. economic data. Home prices in 20 major U.S. metropolitan areas climbed 2.5% in April from March, on a non-seasonally adjusted basis, topping expectations of a 1.1% gain. Prices were up 12.1% from the year prior, beating forecasts of a 10.6% jump.

Economy, News

Latest Economic News: Fed Fears Spark Global Selloff

June 20, 2013

I remember those days! (Reuters)

UPDATE: The latest economic news just keeps getting worse. While President Obama is off playing with his social-democracy friends in Europe and abroad, the country is is political and financial turmoil.

The Dow Jones Industrial Average is in free fall, down 350 points. The economy simply cannot handle easin gof QE3. Every single stock in the Dow is in the red.

Policy

Alex Nowrasteh of CATO Debates Heritage Study on Documenting Immigrants

May 30, 2013

[youtube http://www.youtube.com/watch?v=t1LSDM3RnS0?feature=player_embedded]

As promised, here is Alex Nowrasteh from CATO, who has disputed the Heritage study on the basis of its failure to account for GDP growth as a result of immigration. And here in lays the crux of the immigration reform argument.

Economy, Policy

Heritage 2013 Index of Economic Freedom

May 21, 2013

Country Rankings: World & Global Economy

2013 World Economic Freedom Levels: Heat Map

Economy, Policy

Central Banks: Reform or Abolish?

May 20, 2013

Advocates of central bank reform must examine why central banks emerged and what forces sustain them. They did not arise in an institutional vacuum, and will not be reformed in an institutional vacuum. The historical origins of central banks explain how they came into existence. The forces sustaining and feeding their growth may differ from those explaining their origin.

Plans to abolish central banks constitute an extreme reform. It is doubtful that such plans can succeed without broader institutional change, occurring either first or simultaneously. That is likely true regardless of the strength of evidence on central bank performance. I examine these issues in what follows.

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