Water In The Ears? Austerity With Slow Growth Is LUDICROUS 8

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

The Vice Presidential Debate – 10/11/2012

By Princeton Moses G.
The Vice Presidential Debate - 10/11/2012
One can go back decades in the archives of American political history in search of a scenario where a Vice Presidential Debate has altered or influenced the outcome of an election and come out empty-handed. But this time could be different; the stakes perhaps are higher than they’ve ever been, amplified by the President’s peculiar or rather ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay
Does Taxing The Rich Hurt Growth? A Redistributive Lesson
Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...

The World Reserve: Its Beautiful When You’re On Top… Even When It’s Ugly 1

By Daniel McKay
The World Reserve: Its Beautiful When You're On Top... Even When It's Ugly
We might not realize it, but the US has it good. Anything we need we can get, we are the world’s reserve currency, so when times get rough – we are even more flush. There are three prevailing theories in economics regarding how to improve a weak economy. The first, is the theory that government ...

Does Free Trade Cause Economic Growth And Reduce Poverty? 2

By Daniel McKay
Does Free Trade Cause Economic Growth And Reduce Poverty?
For many years, people have been convinced that openness to international trade was the key determinant for economic growth and poverty reduction. In 2000, WTO’s Mike Moore said that the surest way to help the poor was by opening markets. This idea has been accepted by many multilateral organizations (like the WTO). Recent empirical evidence, ...

Thought Provoking – Free Will And Choices 1

By Daniel McKay
Thought Provoking - Free Will And Choices
Follow me through this story of free will and choices – see if you agree. Imagine you witness a man walking into a market and stealing a loaf of bread from a cart. Should you do anything? Suppose he has a son that is weak from starvation, and that being the quickest thing he can ...

Trials Of A Newbie Blogger – Week 3 1

By Daniel McKay
Trials Of A Newbie Blogger - Week 3
Day 15: First day without much site maintenance! 1:00pm – Just got back from the gym, feel great. Today is the first day where I know ideafart is up and running. Two articles to submit and going to focus on some writing! 9:30pm – Just finished two additional articles for posting, but also spent a considerable ...

Iran’s Nuclear Weapon = Stronger US Economy? 1

By Daniel McKay
Iran's Nuclear Weapon = Stronger US Economy?
If Iran gets a nuclear weapon, may we see the end of a sluggish economy and enter into prosperity. Okay, lets start off by saying that if Iran gets a nuclear weapon we probably have bigger issues – such as a major war, or having nuclear weapons move into the hands of terrorists. But assuming ...

Is A Nuclear Iran Good?!

By Eddy Simonian
Is A Nuclear Iran Good?!
I read an interesting article about the Iran nuclear crisis today. The article states that a nuclear Iran may very well be a blessing in disguise. The main point is that Iran is a rational state, and would act in its self-interest. After acquiring nuclear capabilities it would feel more secure and would try to ...

Can’t Twist It: Employment Up – BLS Explained 2

By Daniel McKay
Can't Twist It: Employment Up - BLS Explained
The accusation that the “books are cooked” or that the numbers have fallen because people have dropped out of the labor force is absurd and unfounded.  Employment numbers come from a BLS (Bureau of Labor Statistics) survey that samples 60,000 households, consisting of roughly 110,000 individuals monthly from around the country. While this isn’t sampling ...