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*Socialism has gotten a bad reputation in our country. Because of a misnomer on the part of the Soviet Union, it has been unfairly equated with communism since the end of World War II. During the 19th century socialists were implicated in several attacks on government and corporations. In reality socialism is an economic philosophy [...]
*Last week Mitt Romney made his strongest case for being the next president with his strong showing in a debate with President Obama centered on economic issues. The next day I encountered multiple people that were genuinely surprised and seemingly worried that Obama had no chance to get re-elected. But Romney’s debate performance should be [...]
*Conservatives want less government intervention and argue that decreasing regulations will lead to a better economy because companies will be free to expand and hire people. Professional sports offer great insight into this perspective because they are the few businesses in which the United States government does not highly regulate their actions. Major League Baseball [...]
*Over the next few weeks I will examine the Republican Party’s national platform. That is, the official statement of purpose and vision for the party and presumably the policies that Romney would work to implement should he get elected President. Today I will go over the economic principles. There are four predominant concepts make up [...]
*Declaring the American middle class in jeopardy, President Barack Obama on Tuesday laid out a populist economic vision that will drive his re-election bid, insisting the United States must reclaim its standing as a country in which everyone can prosper if provided “a fair shot and a fair share.” In a speech many Democratic pundits [...]
*The economy flourishes when people buy stuff. People buy stuff when there are products they want and when they have money. Most analysis of economics focus on how to get money in the pockets of consumers. But the real trick is creating products that people want; desire is a function of “newness”. Energy conserving products [...]
*Last week I detailed how and why economic conservatism is a bad idea: it is morally indefensible and depends on expecting unrealistic acts on the part of those in positions of economic power. But in addition, the alternative of socialism is a much more sustainable (creates tax payers), morally progressive (less exploitative), and legally advantageous [...]
*Too often people think of nation building as an either or proposition. Societies either attempt to be strong economically or strong socially. Being strong on social issues implies a country would rather get an issue correct than get it incorrect and profit. When a country focuses too much on their social issues they become a [...]
*Ever since I had that bad experience with a stalker some fifteen years ago I’ve learned to pay less attention to the obvious, because oftentimes it’s what is not stated that is most important. Take for example the recently revised study that concluded (among other findings) African and Latino students fared better in the job [...]
*Cleveland Gary, Founder and CEO, believes in his mission to rebuild wealth in urban communities all across America. “Sixty two percent of the fortune 500 retail companies’ advertising dollars are allocated to target specifically the African American consumer according to published reports. Major corporations such as Proctor & Gamble, Walt Disney, Sears, Ford Motor Company, [...]
*There was also a significant divide in how whites and blacks rated President Obama’s economic policies, with whites taking a far dimmer view than blacks. Sixty percent of whites said they were satisfied with their own personal financial situation compared to 51 percent of blacks. But 85 percent of blacks said they were optimistic about [...]
*Why is the American economy in trouble? Consider the following scenarios. Situation 1: The most basic aspect of economics is that Smith produces some product that others want. Perhaps he owns an apple orchard. Depending on how many people want those apples and how fast Smith can get his apples to a market, a price [...]
*Supply side economics is a logically inconsistent perspective. It is a perspective on how economics work that is dependent on the profit motive of people to benefit society. More specifically supply side economics theory says that by stimulating the people who supply the marketplace with goods and services (business owners and management) , the economy [...]
*Americans are greedy indeed, accustomed to having more than what is needed and certainly more than enough. But that was not always the nation’s standard. America’s economy was stabilized after the Great Depression, with its citizens and leaders vowing never to go through such a horrible period of poverty again. Not only did the event [...]
*After a four-hour long golf session with President Obama at Martha’s Vinyard, New York Mayor Michael Bloomberg told reporters that the two talked mostly about the economy and golf, of course. But there have been a few whispers suggesting that Obama may be considering replacing his current economic treasury secretary, Timothy Geithner. Insiders say multibillionaire [...]
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