Policy Report: November/December 2012. More Phony Employment Numbers by Paul Craig Roberts. By Paul Craig Roberts PaulCraigRoberts.org Recently by Paul Craig Roberts: Bradley Manning: A Window Into the American Soul Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.”
There are a number of ongoing problems with the released numbers. For example, the concurrent-seasonal factor adjustments are unstable. The birth-death model adds non-existent jobs each month that are then taken out in the annual downward benchmark revisions. Even if we believe the government that 146,000 new jobs materialized during November, that is the amount necessary to stay even with population growth and therefore could not be responsible for reducing the unemployment rate from 7.9% to 7.7%. The 7.7% rate is known as the “headline rate.” The Bureau of Labor Statistics has another official unemployment rate known as U.6. Peter Schiff: The Fantasy of a 91% Top Income Tax Rate.
Foundation for Economic Education. Santa Clara Law: Faculty. Professor Friedman is a widely published scholar with more than three decades of experience in academia, having taught extensively at both the undergraduate and graduate levels.
His area of expertise ranges from business to economics to law; he has published economic analyses of punitive damages, trade-secret law, criminal punishment, the size of nations, and a variety of other topics, including medical care, population economics, the economics of war, historical perspectives on freedom, and criminal defense. He is the author of books on price theory, economic analysis of law, implications of future technology, and libertarian economics and philosophy, as well as two novels.
Prior to joining the Santa Clara University School of Law faculty in 2005, Professor Friedman taught at VPI, U.C. Thomas Sowell. Capitalism In One Lesson. Did Government Really Invent the Internet? One of the Great Fallacies Smashed. Steven Pearlstein - Friedman Debunked the Gospel of Keynes. One thing that baffles those of us with no training in economics is that two people who hold diametrically opposite views can both be held out as giants of their profession.
After all, if the great British economist John Maynard Keynes was right that government can smooth out the business cycle by stimulating and managing demand for goods and services through such mechanisms as public-works programs, deposit insurance and deficit spending, then how could Milton Friedman be right that the better approach is for government to cut taxes, curb regulation and focus on the supply of money in circulation? Tax Reforms and Tax Compliance: The Divergent Paths of Chile and Argentina. The remarkable story of Chile's economic renaissance. Thirty years ago, Chile was a basket case. A socialist government in the 1970s had crippled the economy and destabilized society, leading to civil unrest and a military coup.
Given the dismal situation, it’s no surprise that Chile’s economy was moribund and other Latin American countries, such as Mexico, Venezuela, and Argentina, had about twice as much per-capita economic output. Today, by contrast, Chile has passed Argentina to become the richest nation in all of Latin America. It's the Money Supply, Stupid. Austerity Works.
As Greece, and now Spain and Italy, struggle with the crushing burden of debt brought on by the modern welfare state, perhaps we should shift our gaze some 1,200 miles north to see how austerity can actually work.
Exhibit #1 is Estonia. This small Baltic nation recently had a spate of notoriety when its president, Toomas Ilves, got into a Twitter debate with Paul Krugman over the country’s austerity policies. Monaco. Monaco i/ˈmɒnəkoʊ/, officially the Principality of Monaco (French: Principauté de Monaco (French pronunciation: [prɛ̃sipoted(ə) mɔnaˈko]); Monégasque: Principatu de Múnegu; Italian: Principato di Monaco; Occitan: Principat de Mónegue), is a sovereign city-state, located on the French Riviera in Western Europe.
It is bordered by France on three sides; one side borders the Mediterranean Sea.
Index of Economic: Promoting Economic Opportunity and Prosperity. Www.fraserinstitute.org/uploadedFiles/fraser-ca/Content/research-news/research/publications/country-data-tables-ch2-EFOTW2011.pdf. Countries without Minimum Wage Law « small-m. 1894 supreme court income tax. Economy of Singapore. Singapore could thus be said to rely on an extended concept of intermediary trade to Entrepôt trade, by purchasing raw goods and refining them for re-export, such as in the wafer fabrication industry and oil refining.
Singapore also has a strategic port which makes it more competitive than many of its neighbours in carrying out such entrepot activities. Singapore has the highest trade to GDP ratio in the world, averaging around 400% during 2008–11.[24] The Port of Singapore is the second-busiest in the world by cargo tonnage. In addition, Singapore's port infrastructure and skilled workforce, which is due to the success of the country's education policy in producing skilled workers, is also fundamental in this aspect as they provide easier access to markets for both importing and exporting, and also provide the skill(s) needed to refine imports into exports. Economic history[edit] Singapore's economic strategy produced real growth averaging 8.0% from 1960 to 1999. Sectors[edit] Dan Ariely on our buggy moral code.
Matt Taibbi. Gold Backed Currency, Gold Bullion is a Freedom Fighter. Lecture by Ferdinand Lips, Zürich (translated from German) The context I will start my talk with an allegation.
Why I Am Not an Austrian Economist. Assistant Professor Department of Economics George Mason University.
