Wealthy leftists who keep getting wealthier keep telling us how terrible income inequality is

One of my bigger nitpicks about Donald Douglas is that so many of his posts reference other people’s writing without giving us enough of what he has to say; that’s not the case with his latest: Bill Moyers and Paul Krugman Use Thomas Piketty’s Capital to Attack America’s ‘Ugliness’ and ‘Racism’ Well, I’m sure most readers have …

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€urosclerosis: Guess what? Austerity works!

It has been a while since we have addressed the crisis in Greece, the last article, €urosclerosis: Things are going to get better for Greece, coming last August, and now we see this from The Wall Street Journal: Greek Budget Surplus Beats Target Prime Minister Antonis Samaras Says 2013 Surplus Will Be Nearly Double Its …

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The success of socialism

We recently noted the decision of the voters in Chilé to elect a socialist to become that country’s next President, saying: (F)ollowing the center-right presidency of Mr Piñera, under which Chile’s economy has prospered, the voters have decided to change things. The lure of socialism has always been strong amongst poorer people, who see socialism …

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18th Century Technology: Time waits for no business model

Donald Douglas had a quick article noting the demise of Cliff’s Bookstore in Pasadena, in which he cited this article from The Los Angeles Times. It was a paean to Cliff’s, writing in a sort of wistful tone — one that my journalism teachers told me ought to be avoided in a news article — …

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I’m sure that it’s just a coincidence . . .

. . . that the warmists want to severely restrict or ban the use of fossil fuels just as the United States becomes the world’s leading producer of fossil fuels. From The Wall Street Journal: U.S. Rises to No. 1 Energy Producer By Russell Gold and Daniel Gilbert | Updated October 2, 2013, 8:10 p.m. …

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Perhaps this isn’t a coincidence

From MSNMoney comes a “Top Ten” list of the American cities, sorted by lowest and highest tax rates. There are more descriptions at the original, but your Editor has compiled the MSN Money figures into one handy chart. What I have noticed is that, though the correlations are not exact, because different cities and states …

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Economics 101: the government is no friend, and certainly no help, to business.

From CNBC: Subway ‘Wouldn’t Exist’ If Started Today Due to Regulations: Founder Deluca Published: Wednesday, 27 Feb 2013 | 11:53 AM ET By: Paul ToscanoProducer, CNBC.com Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. “If …

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Economics 101: Socialism does not trump real economics

Your Editor noted, appropriately enough on last Bastille Day, the promise of French Labor Minister Michel Sapin to “make layoffs so expensive for companies that they are not worth it.” The original noted this article as well: French president says Peugeot layoffs are unacceptable Associated Press, July 15, 20121 PARIS — President Francois Hollande on …

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Economics 101: It’s not a nail

It has been said before that when the only tool you have is a hammer, every problem looks like a nail. From THE WALL STREET JOURNAL: No Surprise as Fed Keeps Rate Stance By Jon Hilsenrath and Victoria McGrane | Updated January 30, 2013, 7:09 p.m. ET The Federal Reserve is keeping its foot pressed …

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