105 posts categorized "Unscientific Economics"

February 18, 2021

Where Does the Untargeted Stimulus Relief Money Go?

Hint: Bitcoin is up 1350% since last March

More...

September 08, 2020

Celebrate Labor Day and Essential Workers by Substantially Raising Minimum Wage

The pandemic has shown the flaws in my orthodox conservative economic view.

Fallacy #1. Wages will find their “right” level in a free market

There is an essential asymmetry in the fact that most employers have More...

March 16, 2020

Don’t Bail Out the Oil Industry (or the Banks)

Economic justice and capitalist principles agree.

We need relief for the people who are laid off or can’t work because the schools are closed and their children More...

October 04, 2018

Amazon Wants Congress to Suppress Competition

Retail Giant Trying to Prevent Workers It Doesn’t Hire From Getting a Job

It’s great news that Amazon wants to raise its own minimum wage to $15/hour. Shows the economy is growing and workers are more in demand. Companies which compe More...

May 14, 2018

Let the Market for Domestic Workers Raise the Minimum Wage in the USA

Ever since at least the time of Queen Elisabeth the First, workers have objected to open immigration on the rational economic grounds that “foreign” workers drive down wages. Employers, on the other hand, have always been for open immigration for exactly the same reason. Employees want the protec More...

March 30, 2018

The Economist Is Right; It Would be a Mistake to Take His Advice

In a New York Times op ed Donald J. Boudreaux, who is is a professor of economics and a senior fellow at the Mercatus Center at George Mas More...

May 07, 2017

Why Government Subsidies Never Make Anything More Affordable

And why we can never get rid of them.

The chart from American Enterprise Institute could almost be this whole post. More...

January 24, 2017

“Risk free” Investing

TIPS May Be the Answer

Someone I know is coming into a moderate sum of money and asked me how he can invest it “risk free”. He was very clear that he isn’t looking for gain on the investment, just safety; so, although no investment can More...

January 17, 2017

Dodd-Frank and Me

The Magically Receding Bank Loan

Software companies usually don’t borrow money; I blogged long ago about the loan my old company couldn’t get to buy a switchboard. But in 2011 Mary and I More...

January 03, 2017

How the Fed and Dodd-Frank Killed Jobs

Every economist worth her or his salt has a theory about why the great recession was followed by a nearly jobless recovery. Historically, lots of jobs are created in a surge when the economy is recovering; didn’t happen this time; many people left the work force and never came back.

I’m n More...

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