Economics 101: Amazon.com has made me wealthier

No, not through site advertising; I don’t even make a pittance there. But Saturday night I bought The Particles of the Universe by Jeff Yee, for a whopping 99¢, with no sales tax, delivered to my Tablet in seconds. If I had bought the same book, printed, it would have meant at least $8.95 for …

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Economics 101: #Obamacare : making the inexpensive cost more Updated!

The original article was published last November, but in light of the Supreme Court’s decision in Burwell v Hobby Lobby Stores, Inc., I wished to revisit it, and bring it up to date. First, the original article: _________________________________________ After seeing the ad to the right on several sites — The Lonely Conservative, Sister Toldjah and …

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Economics 101: Nothing is free!

From the Los Angeles Times: Thousands go without water as Detroit cuts service for nonpayment By Alana Semuels | June 28, 2014 It has been six weeks since the city turned off Nicole Hill’s water. Dirty dishes are piled in the sink of her crowded kitchen, where the yellow-and-green linoleum floor is soiled and sticky. …

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First quarter GDP revised downward, again.

With the story about Senator Thad Cochran (R-MS) defeating TEA Party challenger, state Senator Chris McDaniel, in the Republican primary run-off election, a more important story — at least, in my opinion — hasn’t been getting the coverage it deserves. From The Wall Street Journal: U.S. Economy Shrinks by Most in Five Years Final Revision …

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Perhaps the left’s ideas about addressing income inequality might not be the better ones?

From The Wall Street Journal: The Blue-State Path to Inequality States that emphasize redistribution above growth have a wider gap between lower and higher incomes. By Stephen Moore and Richard Vedder | June 4, 2014 7:16 p.m. ET For those in Washington obsessed with reducing income inequality, the standard prescription involves raising taxes on the …

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Economics 101: Nothing is free

Sister Toldjah tweeted: RT @TwitchyTeam: ‘Unexpected’: Are Seattle businesses adding a surcharge to pay for the new minimum wage? [pic] http://t.co/M31zHLbRFP — Stacey-SisterToldjah (@sistertoldjah) June 6, 2014 Which brings us to this one: What’s wrong with SeaTac’s $15 min wage in 1 photo — Local businesses are now adding 8.25% “living wage surcharge” pic.twitter.com/IMifQRIWhN — …

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What the VA system did is what we can all expect under single-payer

As we noted before Memorial day, the Veterans’ Administration Hospital scandal does not surprise us in the slightest. But, naturally, the scandal keeps growing. From The Daily Beast: Last week, President Obama pledged to address allegations of corruption and dangerous inefficiencies in the veterans’ health-care system. But before the president could deliver on his pledge, …

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Economics 101: you can’t increase costs on businesses without increasing costs on consumers

I found this via Twitter: Obama’s new rules for coal plants are going to be a huge, huge, huge deal: http://t.co/kBckVUtqiR — The New Republic (@tnr) May 27, 2014 to which Mark Buehner replied: @tnr @instapundit shorter- yes, your electricity bill is going up so shut up. — Mark Buehner (@ElBuehn) May 27, 2014   …

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Economics 101: The left love themselves some failed policies

Remember that famous headline? From The Wall Street Journal: Taking New York Back to the Bad Old Days For the first time since the near-bankruptcy of the 1970s, the city will borrow to pay for new obligations. By Fred Siegel and Nicole Gelinas | May 20, 2014 6:37 p.m. ET Who should worry the most …

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We were told that raising the minimum wage wouldn’t lead to job losses . . .

. . . but it seems as though those job losses are happening anyway. The Robots Have Won: Panera Replaces Cashiers with Kiosks This isn’t the first time kiosks were used in place of real people. Airlines have been doing it for years, and now Panera has joined the club! The soup and sandwich giant …

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