Why has the American economy had such sluggish job creation and economic growth? That’s a pretty fundamental question, and one for which most conventional economists have had unsatisfying answers. Clues can be found, I think, in the new book by the unconventional economist and blogger Arnold Kling. “Specialization and Trade: A Re-Introduction to Economics” is, […]
“You never get a second chance to make a first impression.” Or so the saying goes. Over the course of our lives each and every one of us experiences a number of instances where a first impression is incredibly important. Some of them can even make or break us. Job interviews, first dates, the application […]
Millennials. This term is rivaled only by “Boomers” in clickbait words used on the Internet. I assure you, though, this article is worth it. The 2016 election – since no one is talking about it, clearly – is pivotal for a variety of reasons. For instance, the Supreme Court’s balance will be determined by the […]
(Scott Johnson) President Obama made an appearance in the White House press room on Friday to take a victory lap over the fall of the official unemployment rate (U-3) to 4.9 percent (video below, about 15 minutes). Is that number for real? Referring to the hell he saw tending to wounded men during the Civil […]
The capabilities of self-driving cars are growing rapidly, and some sources predict they will become the primary means of transportation by 2040. However, “Hundreds of thousands, if not millions, of people—truckers, cabbies, delivery people—drive for a living in the USA”, and these drivers are likely to lose their jobs if they could be replaced by self-driving […]
Found these at Free Republic, the source attributed there was the Federal Reserve Bank of St. Louis. Some people say there’s a connection to these charts that rhymes with “o blah blah.” But I don’t see it… ;-/ Originally posted at http://americanirony.us/9-sad-little-charts-about-the-economy/.
Without economic freedom, we cannot exercise our other freedoms. The freedom to speak is meaningless if the government prevents us from traveling from our homes or paying for a phone call. The freedom to write is meaningless if the government prevents us from selling newspapers. The freedom to worship is meaningless if the government forces […]
Thomas Sowell is the world’s greatest living economist and a fantastic political philosopher. Learn more about the history of minimum wage laws and black unemployment in this video: