Author: smartistone

Kevin Williamson from National Review Online writes: The cost of mass unemployment is not only the loss of income and dignity suffered by the jobless. The real cost includes the loss of theeconomic output of the unemployed. This sounds like something Paul Krugman would say. Seems like he’s falling for the ‘we must put people… Continue reading No, We Don’t Need to Put People to Work

From http://crooksandliars.com: Friedman: Fareed, I’m going to ask you something. Would you think I’m a bad guy if I were hoping that Vladimir Putin turned off the gas to Europe? Because that’s my secret hope, because I believe if Putin turns off the oil and gas to Europe right now, it would be the equivalent… Continue reading Time for Putin to Cut-Off Gas to Europe?

It’s a sad statement about business journalism that in just a single day we found five articles that were too idiotic to ignore. Here they are: 1. Inc Magazine: The Only Way to Get Really, Really Rich Yet your downside is always unlimited because getting fired or laid off can make your income disappear overnight–and… Continue reading The Day That Died: The Worst of Business Journalism

When the left is not predicting doom, they are pointing fingers – common targets being the fed, the rich, Washington and ‘greedy’ employers that refuse to pay their employees a ‘livable wage’ for the job of inquiring patrons about wanting fries to go with their burger. They hate success and America’s exceptionalism, so anything that… Continue reading A Nation of Crybabies

Peter Schiff and Josh Barrow are right to varying degrees as to the cause of rising prices, but Peter Schiff is wrong about the solutions or the economic implications. Rising prices, including pain at the pump, helps the economy by increasing consumer spending which goes into GDP. We have bifurcated inflation of greater than CPI… Continue reading The Daily View: Inflation, Peter Schiff, and QE

Krugman on Bill Moyers Sigh, another ‘us vs. them’ article to incite class warfare. Let’s look at the facts. While some CEOs do make 100x the average worker, these are extreme outliers; the average CEO pay for a small business is only $200-400k, or about 5-10% of the most extreme pay. From http://chiefexecutive.net/how-much-does-the-average-ceo-really-earn In 2011,… Continue reading Paul Krugman Still An Idiot

Noah Writes: But if robots are to blame, then Piketty is right, and labor’s share will never bounce back…leaving some kind of radical redistribution as the only option for preventing mass human misery. That is not an outcome that conservatives would favor. Is it really that bleak? Or are we just falling for the latest… Continue reading Robot Jobs For The Future

We’re still in a Goldilocks economy of modest economic growth, no deflation and low inflation. Macro economic conditions are more conducive for stock market gains than any time in recent history. Unlike in any prior decade, we have a confluence of low valuations, high profit margins, new markets from booming foreign economies, and permanently low… Continue reading We’re Still In a Goldiocks Economy

The SF Housing Crisis It’s only a housing crisis because the left says it is, just like we’re still supposed to be an economic crisis even though that ended five years ago. The left is drawn to crisis like moths to light. If no actual crisis exists, they’ll fabricate one. Rents keep going up due… Continue reading The Daily View 4/16/2014

Losing Benefits Isn’t Prodding Unemployed Back to Work No kidding Where is the incentive to work when you have: 1. rising welfare benefits 2. social security 3. medicare 4. free emergency room healthcare Entitlement spending is out of control and Entitlement spending per capita has increased as the percentage of not filing income taxes has… Continue reading Out of Control Entitlement Spending