Tag: Economics
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There is one simple reason why there was a gas shortage… and it’s not the pipeline
They used to teach microeconomics in college. I don’t know if they do anymore and if they do are they teaching basic supply and demand? The simple reason why there was a gas shortage is that gas stations were not allowed to “price gouge”. Price gouging, as it is known and derided, is a mechanism…
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Things might get a little rough for the economy
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The inequities of professional basketball
In our woke world and the call for equity in results instead of equality of opportunity professional basketball needs a modern day overhaul. LeBron James makes a lot of money. It’s well deserved. No one currently has the talents he has on the basketball court. He’s accomplished and dominates his sport. But yet the WNBA,…
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Idiotic WSJ article on minimum wage ignores supply in deference to demand
The article linked by this post is utter nonsense. They infer that people can’t afford housing because the minimum wage is too low. They report nothing about the lack of housing being built and government policies in most large cities preventing developers from increasing the supply. The biggest expense for most Americans—housing—is unaffordable for people…
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The U.S. income boost shell game
The government of the United States is playing a dangerous shell game with our money. Look at the headline above. This is the fakest of fake news that I have ever read. It gets even worse in the article. U.S. household income jumped 10% in January as the government delivered stimulus payments to households and…
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Scared of what is not dangerous
We’re now reaping what we have sowed. Anti-bullying, participation trophies, helicopter parents, no keeping score, no more valedictorians, safe spaces, cancel culture, and on and on and on. We’ve been softened to the point where we are scared of things that aren’t dangerous. We have met the boogeyman and he is us. Imagine if an…