Tag: Economics
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Warm and fuzzy thoughts for the day
People keep saying the country is divided and they blame President Trump. In my opinion, Trump was the festering infection that resulted from the virus of progressivism and Biden is like gangrene setting in. We need to chop off a limb or two in order to stop the infection from killing us. If you honestly…
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Delta uses taxpayers to restructure its business
How about that. Did you know tax payer dollars helped Delta Airlines to totally restructure their business? the company received $5.6 billion in federal aid from the CARES Act last year. It also got $3.3 billion from the second round of relief funding this year and $3.1 billion from the American Rescue Plan, which included some federal loans. ajc.com…
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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…