From his first great insight into racial discrimination, through subsequent insights into schooling, the family, crime, addictive behaviors and even suicide, Gary Becker re-unified the social sciences, with economics as the King, mathematics as the Queen and statistics as the Jack.
Author: Clifford Thies
The media is giving mixed reports of Cardinal Dolan’s interview on Meet the Press with David Gregory. According to Fox News, the Catholics oppose Obamacare and, according to NBC News, the Catholics embrace it.
Transparency, therefore, has little to do with being accountable to the political branches of government. It’s about allaying the concerns of the financial market in the face of accommodative monetary policy.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.
With the collapse of the real estate bubble, many normally self-sufficient individuals and families found themselves not only out of work, but homeless. This caused a surge in the number of “tent cities” in the United States. To really help our fellow man, we should shift from enabling others to not work to insisting that they do.
The apparent divergence between Labor Productivity and earnings has been noticed by various progressive think tanks and is now making its way into public discourse. The divergence is easy to explain.
President Obama said, in his second inaugural address, “Together we determined that a modern economy requires railroads.” Actually, “we” determined that “a modern economy” requires canals, not railroads. We turned[...]