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…
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…
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…
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…
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…
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…
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…
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…
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…
But if a doctor repeatedly deemed patients to be healthy that were soon found to have Stage Four cancer that was at least six years in the making, the doctor would be a likely candidate for a malpractice suit. Yet…