Category Archives: economics

Is there a solution to the decline of rural America?

I want to take a step back and recognize that there is a very real economic problem going on in broad swathes of rural and suburban America.  Manufacturing and unions died and it left these areas bereft of jobs and … Continue reading

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Racism is a Tool of the Oligarchs

As many have pointed out, this election and recent political events in Europe highlight just how strong a force racism and xenophobia still are in the modern developed world.  What seems to go unremarked upon is how this is a … Continue reading

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Trump was Right

We do indeed need to make America great again, because the election of Trump to the Presidency is a sure sign that something has gone wrong.  Trump is a nasty, sexist, racist bigot of a man who is completely ignorant of … Continue reading

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The Ends Justify the Means on Weekends and Holidays and… Always…

I was reading my favorite socialist blogger when I came across an article that I pretty fervently disagree with.  It is on the “theory of second best” and its application outside of economics and policy.  The idea is that because … Continue reading

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Consequences of the Relativity of Happiness

A recent blog post from one of my favorites, Stumbling and Mumbling, ponders the question of whether improving happiness could be reflected in GDP growth.  I have no issues with his argument, but a particular quote caught my eye. “workplaces with … Continue reading

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The Economics of Power

Krugman recently had an editorial in the NYT talking about the decision by Walmart to raise wages above the legislatively mandated minimum wage.  He took this as a signal that raising the minimum wage is not as devastating or intractable … Continue reading

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The Value of Financial Advice

One of the consistent conclusions drawn from the recent recession and financial crisis is that finance has gotten too large.  Consider that the economic role for finance is shuttling capital into useful projects.  Finance in itself doesn’t create value, it … Continue reading

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