Framing the Dialogue

Posts Tagged ‘economists’

Don’t Piss On My Leg…

…and tell me it’s raining!

Unemployment:   If you listen to the White House and the mainstream media puppets you’ll think unemployment is trending down and at 8 percent as of February 2012.  Too bad the numbers are cooked (FYI all administrations cook) and are quite misleading…okay not “misleading” but flat out lies.  Gallup offers real unemployment numbers;

REAL UNEMPLOYMENT IS 19.0 PERCENT

If you want to compare the numbers the White House uses then Gallup determined that rate to be 9.0 percent;

In The Year 2525

The year 2525 is probably the year when we “officially” find out from historians that conservatives were right and that Barney Frank and Democrat policies started the global financial meltdown and Obama’s policies like the Stimulus, Obamacare, and Dodd-Frank prolonged the agony.  That is because history is mostly written by liberal academics (I know that is redundant) and they have a slightly biased view of the world.

I am exagerating about the date 514 years from now, but consider that until recently most historical accounts of the Great Depression give FDR credit for ending it.  There have been books like The Forgotten Man which set the record straight, but few probably read this.  However nearly seventy years after the depression ended two UCLA economists place the blame where it belongs…on FDR.

Fungible (fun-je-bul)

The dictionary defines fungible as:

  1. Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
  2. Interchangeable
  3. of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

Synonyms:  changeable, commutable, compatible, converse, convertible, equivalent, exchangeable, interconvertible, mutual, reciprocal, reciprocative, same, substitutable, synonymous, workalike

Quote:

“People think this tax is for Social Security. But tax monies are really fungible. They get raided all the time.”

— Eugene Ludwig

Hip Hop Economics

I am not even sure how to introduce this other than that the YouTube revolution has given voice to subjects that many will find boring.  I would estimate that 99% of Americans would quickly shut this video off (I loved it).  What I found most interesting is that this video had nearly 2 million hits.  Not bad for a couple of “de-funk’t economists.” 

F.A. Hayek is a free-market guy (and right)

John Keynes is a government spending guy (and wrong)

If you are really interested in economics this discussion is both informative and entertaining.

Update – Cash For Clunkers

Cash For ClunkersMuch has been written about the notorious Cash For Clunkers program.  Supporters relished in the fact that it was very popular and spurred automobile sales.  It should not be a surprise that a program that gives money away will be popular (at least to those getting the money) and should increase sales.  Opponents claimed that the program was a waste of money and rewarded people who probably did not really need the money and eliminated thousands of serviceable cars from the secondary market.