Categories
Analysis Economics Politics Semantics

The Jobless Rate Is Not 3.5% It’s 37%

There’s a lot of happy talk about the incredibly low unemployment rate these days but it’s a misleading statistic. As Erik Sherman explains in an April 2018 op-ed for Forbes Magazine, “the unemployment rate is the ratio of the number of unemployed people to the total workforce, which itself is the sum of the employed […]

Categories
Analysis Economics Politics

NAFTA vs USMCA: The Best of Shadow Boxing

  “It’s a disaster. … We will either renegotiate it, or we will break it. Because, you know, every agreement has an end. … Every agreement has to be fair. Every agreement has a defraud clause. We’re being defrauded by all these countries.” – Trump talking about NAFTA during an interview on 60 Minutes in […]

Categories
Economics Environment Politics

Trump’s Policy of Darkness

For two years I have been responding to enthusiastic ovations for Trump’s economic “policies” with the sobering reminder that there’s a significant latency between establishing economic policy and the effect it might have on the actual economy. The economy Trump keeps claiming credit for has far more to do with the policies set during Obama’s […]

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Economics Politics Social/Culture

Double Standards and an Argument Against Minimum Wage

While searching for arguments against minimum wage I found this article by Tim Worstall published by Forbes. It’s about 1100 words that essentially says one thing… that minimum wage is immoral. I gotta say, I was pretty disappointed in the explanation. I was expecting some creative interpretation of scripture or something but all he actually […]

Categories
Economics Politics Sock Puppets

Corporations that Control The World

Stumbled on this infographic… figured I’d post it. Source: InternationalBusinessGuide.org

Categories
Economics Politics Technology

Internet Access Now a Public Utility

The FCC yesterday made a giant decision. They agreed to reclassify broadband under Title II of the Federal Communications Act. In other words, Internet access is now a public utility. This regulation is a huge victory for advocates of net neutrality. I expect a lot of people won’t understand what this means other than the […]

Categories
Economics Politics

Government Spending

This chart shows government spending from 2000 – 2015.  As far as I can tell, there are no tricks, no hidden or partial contexts, no percentage of GDP… Just straight up spending measured here in billions of U.S. dollars. source: tradingeconomics.com As you can see, there is a huge peak in 2010. This peak was […]

Categories
Economics Politics

Why the National Debt was excluded from the 2015 State of the Union Address

In January 2015, President Obama delivered his State of the Union address and during that speech he said that all economic indicators show that this country is better off now than it was when he took office. In the subsequent press conference a reporter asked Press Secretary Paul Earnest if Obama was including the national […]

Categories
Economics Politics

Raising The Debt Limit

To raise or not to raise. How is this even a question? For those of you who know how politics works, the answer is simple… anything that is put to a vote becomes a card in the game we call politics. “I’m not going to give you my vote unless you give *ME* something.” The […]

Categories
Economics Politics Social/Culture

Ten Core Beliefs of the Tea Party… And My Response to All of Them

There are some obvious things about the Tea Party such as their opposition to taxes and to Obama and their paranoia about socialism of all things. The discussions that I’ve had so far with actual Tea Party supporters however never get past the slogans. When I push for more depth they tend to get defensive. […]