Category Archives: economics

on the fed and full disclosure

By mitchell b powell | Published: 1436, 14th April, 2010
The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer.  The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on.
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cause-and-effect: healthcare bill edition

By mitchell b powell | Published: 1429, 13th April, 2010
The market is governed by simple principles derived from the fact that on the free market everyone is trying to get whatever it happens to be that they want.  One of these rules concerns the relationship between supply and demand.
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on child labor laws and the blues

By mitchell b powell | Published: 1338, 10th April, 2010
Child labor laws have taken this poor kids blues away.  He lives in Wisconsin, and is an 8-year-old with a shocking musical ability.  He will from time to time go play at blues venues, and the money from that is all put toward his college education.  It’s sort of the opposite of child exploitation.  But [...]
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economic news and commentary for today

By mitchell b powell | Published: 1418, 9th April, 2010
Gas prices, banking risk management, and new FDA regs:
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the fed godfather?

By mitchell b powell | Published: 1302, 8th April, 2010
Hmm . . . The concept of the Fed as a destructive con-job has apparently hit even the mainstream media (in the form of MSNBC).  Very good.  This is a pretty good description of exactly where our financial problems came from. Keep in mind, of course, that by ‘con job’ I am referring only the [...]
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come on, geithner!

By mitchell b powell | Published: 1000, 4th April, 2010
From this story. April 3 (Bloomberg) — U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan. And so we continue our ridiculous charade of blaming China
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this ten-year-old kid

By mitchell b powell | Published: 0311, 26th March, 2010
, named Diego Bartolome, had the personal gumption not only to start a legitimate salsa business, but also to navigate the oppressive red tape that immediately leaps up in our country trying to strangle any personal initiative there is.  In a paranoid world where it is nearly illegal to just produce something yourself and sell [...]
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the fable of krugman

By mitchell b powell | Published: 1248, 25th March, 2010
. . . is the title of this article.  It does us all the valuable service of explaining the folly of the neo-mercantile nonsense being pushed by such respected folks as Nobel Prize Winner Paul Krugman. 
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did the fed stop another great depression?

By mitchell b powell | Published: 1456, 24th March, 2010
When Lehman Bros’ collapse
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austrian theory in turkey

By mitchell b powell | Published: 0137, 24th March, 2010
The Turkish newspaper Hurriyet has published an opinion piece which sheds light on oil prices and speculative booms and the role government has in creating high prices and recessions. 
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