By Kevin Judge | June 20, 2018 Illegal Immigration, a.k.a. undocumented immigration, is a social issue to some and an economic issue to others. In fact, it is both. Even the social issues involved, such as educating newcommers come with economic impact. Efforts to control illegal immigration almost always focus on reducing the supply by… Read More »
By Liz Miller | June 19, 2018 New college graduates are on the loose and out building their new work wardrobes for their first job. Are you a proud parent and grandparent? In addition to celebrating with them over parties and gifts, now is the time to give them the gift of financial independence too. As they start… Read More »
By Kevin Judge | June 18, 2019 There is a good reason that it is not called the “Theory” of Supply and Demand. It is a “Law” because it is a reliable predictor of how a change in one feconomic actor will affect others. For example, when you tax something you get less of it… Read More »
By Kevin Judge | June 15, 2018 One factor effecting market stability is the expectation and reality that the Federal Reserve is raising interest rates. Higher rates increase the cost of doing business and effect markets by making bonds more attractive as investments. Should we be concerned about the stock market and the economy in… Read More »
By Kevin Judge | June 14, 2018 Think recovering from the last recession was tough? Imagine yourself in Germany after World War II! The country lay in ruins with 5 million military and civilian dead. The great German industrial infrastructure, once the envy of the world, was devastated by allied bombing. The country was divided… Read More »
Q: How many Marxists does it take to screw in a lightbulb? A: None – the bulb contains within it the seeds of its own revolution.
Q: How many central bank economists does it take to screw in a lightbulb? A: Just one — he holds the lightbulb and the whole earth revolves around him. Economists do it with models
Q: How many conservative economists does it take to change a light bulb? A1: None. The darkness will cause the light bulb to change by itself. A2: None. If it really needed changing, market forces would have caused it to happen. A3: None. If the government would just leave it alone, it would screw itself… Read More »
The First Law of Economists: For every economist, there exists an equal and opposite economist. The Second Law of Economists: They’re both wrong.