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Economics

Ken Fisher: We Need More Debt

September 21, 2009 Reading Time: 1 minute

Last week Ken Fisher went on TechTicker and said that the US is under-indebted and that more debt would actually be beneficial to the economy.  That’s because our rate of return on assets is higher than our cost of borrowing. …

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SI: How Oversupply Killed The Baseball Card Industry

August 31, 2009 Reading Time: 6 minutes

My sales from ’88 to ’92 were $10,000 to $13,000 a month, and the cost of goods was only $1,000 to $2,000 a month.  Then they started putting out so much product, raising the price on packs and putting chase…

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A Consensus Among Economists: The Recession Is Over

August 12, 2009 Reading Time: 1 minute

26 of 45 economists who responded to a WSJ survey question conducted over the last few days said the recession is already over.  Another 12 believe it will end this month (August) or next.  Another 6 believe it will end by the…

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Krugman: Big Government Saved Us

August 10, 2009 Reading Time: 2 minutes

So it seems that we aren’t going to have a second Great Depression after all.  What saved us? The answer, basically, is Big Government. …… So what saved us from a full replay of the Great Depression?  The answer, almost…

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US Post Office To Run $7 Billion Deficit In 2009

July 30, 2009 Reading Time: 2 minutes

Interesting article in today’s New York Times on the US Postal Service: “Increasing Postal Deficits Intensify Talks On Solution”, July 30, B1.  This highlights a key difference between the operations of a private company and a public one.  Private delivery…

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Bill O’Reilly Does Economics – Badly

July 29, 2009 Reading Time: 1 minute

Bill O’Reilly kicked off his O’Reilly Factor program yesterday (video here) claiming that a front page WSJ story on oil speculators driving the price of oil (“Traders Blamed For Oil Spike” (subscription required), WSJ, July 28, A1) vindicated his claims of the same from…

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Krugman: Goldman Sachs Profits Are Bad For America

July 17, 2009 Reading Time: 3 minutes

Krugman is relentless in his calls for increasing government involvement in the economy and regulation: What’s clear is that Wall Street in general, Goldman very much included, benefited hugely from the government’s provision of a financial backstop — an assurance that…

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WSJ Profiles The Increasingly Popular Economics Blogs

July 17, 2009 Reading Time: 3 minutes

I never thought I’d be sitting up late at night reading what Ben Bernanke thinks, but now I do. – Zina Poletz, a Minneapolis public relations executive who says she had little interest in economics prior to last fall’s financial…

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Cash For Clunkers: More Bad Economics From Washington

June 23, 2009 Reading Time: 3 minutes

The program will provide a much needed boost to the automobile industry. – Senator Carl Levin (D-Mich) The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it…

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Dumbass Ideas From Economists

May 7, 2009 Reading Time: 6 minutes

  I just read two of the dumbest ideas ever about how to fix the economy by two academic economists, one from UCLA, the other from Harvard, in respected publications. In a much discussed article in The New York Times…

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I dropped out of Philosophy graduate school to start Top Gun in 2006 to profit from the bursting of the housing bubble. The stock market peaked in 2007 and Top Gun beat the S&P by more than 50% in 2008... Learn More

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