Time for Thorns

An independent view on life.

Posts Tagged ‘economics

Another Krugman fail…

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Economist Paul Krugman,  never reluctant to remind us that he won a Nobel Prize in Economic Sciences,   wrote shortly  after midnight that Trump appeared likely to win,  which would of course,  collapse the world’s financial markets,  lead to global ruination,  and from which the markets would never recover.

The Dow opened a tiny little 15 points down and within minutes began a climb to up by 251 points,  pulling other indices along with it.   I’ve never thought much of Krugman as an economic expert,  because he is an elitist snob who has never grasped that markets are made up of people,  and that when governments keep their sticky thumbs off the scales,  markets are quite efficient, which is precisely why big-government advocates hate free market principles.

Krugman had to sort of  take back  his prophecy of economic doom after he woke up,  but I look forward to many more examples of stupidity from Krugman over the next four years.

Written by timeforthorns

November 10, 2016 at 10:06 am

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Obama makes us #3…

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The USA just dropped to  third place  in the global competitiveness ranking.   We used to be in first place,  but now Hong Kong and Switzerland are ahead of us,  thanks to the anti-business and high-tax,  big regulation regime of Barack Obama.   If you think this is a good thing,  vote for Hillary,  so she and her fellow Democrats can take us down another dozen notches.

 

Written by timeforthorns

June 2, 2016 at 11:55 pm

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Sears doing what?

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I do not understand this.   Why would  Sears sell  its three best-known brands?   It seems to me that if you wanted to grow the Kenmore,  Craftsman, and Diehard brands,  you would consider dumping other items or lines which are less well-known and less profitable,  with less growth potential.   I fear a long-time icon is disappearing into the dustbin of history.

 

 

 

Written by timeforthorns

May 29, 2016 at 11:49 pm

More cheese, please…

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If you like dairy products,  this is a great time to  buy them,  because we have a surfeit of cheese and butter,  courtesy of a strong dollar and Russia’s embargo against the EU which made European producers target Asia and the Middle East,  where American products generally sell.

I have always used real butter instead of the nomination called margarine,  because butter tastes so much better,  and a little goes a long way.   For much the same reasons,  I also prefer real cheese to  “cheese products”,  though I confess some of the latter can be very useful in a pinch.

 

 

Written by timeforthorns

May 1, 2016 at 2:37 pm

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The snail economy…

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If you are not a contributor to the  Mercatus Center  at George Mason University,  you should be.   It is a non-profit,  free-market-oriented education,  research and outreach organization which bridges the gap between academic ideas and real-world problems.   Mercatus can tell you how fiscally responsible your state is,  just for starters.   The researchers deal in facts and figures  — reality,  not high theory,  demonstrated in plain English instead of academic babble-speak.

With His Oneness assuring us that tepid economic growth must be regarded as the new “normal”,  Mercatus decided to examine the problem and discover  —  ts causes.   What it found was that if government regulations had been capped in 1980,  our GDP  would be  25% larger.   Put another way,  if the economic growth lost to regulation in the U.S. were its own country,  it would be the world’s fourth largest economy.

Read the IBD article I linked to above — the charts included make it quite easy to grasp —  then show it to everyone you know who believes in big government.   It should open their eyes to the dangers of big government and the over-regulation which unfailingly accompanies it.

Written by timeforthorns

April 28, 2016 at 11:51 pm

Bernie’s plan in action…

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The socialist government of Venezuela  has followed  all the policy prescriptions Bernie Sanders touts,  and the government has forcefully carried out its central planning duties.   Between that and some natural disasters,  a country which used to have a thriving middle class,  a nation which should be rich in fact,  now lacks reliable electricity, potable water, and often toilet paper as well.

This is just one more modern example of how socialism actually works.,  or rather,  how it fails.    It sounds so attractive,  making other people pay for what you yourself want,  but as Dame Margaret Thatcher so memorably said, “The problem with socialism is that you eventually run out of other people’s money.”   The only people who thrive under socialism are those in charge.   Hugo Chavez lived very well indeed while he was president of Venezuela,  as does his successor,  Nicolas Maduro. Ordinary citizens are at the mercy of criminal gangs as well as their incompetent government,  which is in danger of being unable to print sufficient currency.

Capitalism is a stern taskmaster,  and can be a cruel mistress,  but it remains the most efficient means of allocating labor and capital.   Those who provide people with the goods and services they desire deserve to be rewarded.   Governments which interfere with those transactions should be sent packing.    Venezuelans have finally realized this and voted accordingly,  but Maduro will undoubtedly have to be ousted with force.  Pity Venezuela,  but learn from it

 

 

Written by timeforthorns

April 28, 2016 at 10:05 am

W-a-l-m-a-r-t does not spell welfare…

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David Hunter has written a  fine piece  exposing the economic stupidity of progressives,  and revealing the small-minded pettiness they display while claiming to be for the common man.

 

Written by timeforthorns

January 24, 2016 at 2:12 pm