By Kevin Judge | June 24, 2018 When candidate Trump announced his plans to achieve 3% economic growth, the conventionally wise scoffed. They almost doubled over in laughter when Trump opined that he felt they could achieve much more than that, at least 4%. This amateur clearly does not know that we have a new… Read More »
TOP 10 REASONS TO STUDY ECONOMICS 1. Economists are armed and dangerous: “Watch out for our invisible hands.” 2. Economists can supply it on demand. 3. You can talk about money without every having to make any. 4. You get to say “trickle down” with a straight face. 5. Mick Jagger and Arnold Schwarzenegger both… Read More »
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 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 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 »
By Steve Selengut | June 12, 2018 I thought you might be interested in some thoughts about the investment climate around the time of the “great recession”. You may find them disturbing, or enlightening, depending on where you think we are today. But two things are fairly certain… not a whole lot has changed, and a look to… Read More »
By Dr. Noelle Nelson | June 01, 2018 There’s a fascinating concept in economics called “Pareto’s Law,” or the “80/20 Rule.” In a nutshell, a 19th century economist, Vilfredo Pareto, noticed that 20% of the people owned 80% of the land, and similarly that 20% of his peapods produced 80% of his peas. Much later, Joe Juran,… Read More »
By Martin Hahn | May 31, 2018 Thomas More (1477 – 1535) published the very first formal utopia. He imagined a complicated, self contained earth established on an island, in which communities shared a typical culture and way of living. More ‘s Utopian society is actually communal. Every family can make a clothes and a trade is learned… Read More »
(BPT) | May 30, 2018 – School closing for the summer may mark lazy days for kids, but local businesses are bracing for peak season. With unemployment at a 17-year low, and a record 6.6 million job openings reported at the end of March, it’ll be tougher than usual to serve the seasonal boom of… Read More »