Economy
The Long Term Effect of Government Unions
This is too good of a quote to pass up. Read the whole article at the Aleph Blog My view of unions is that they slowly kill whomever they serve. Industries with high unionization die eventually. Countries that support unions die slowly as well. Unions introduce inflexibility into the economic process which has a huge [...]
Goldman Sachs predicts stronger global economic growth
Jim O’Neill of Goldman Sachs makes some pretty bold predictions concerning the global economy for 2010 and 2011. Who wants to go against Goldman?
End of the recession
U.S. GDP rises 3.5% as stimulus kicks in – MarketWatch. I think today’s GDP number of 3.5% gain in the 3rd quarter marks the end of the current recession. For background, the economy contracted at a negative 6.4% rate in the first quarter of 2009, shrank 0.7% in the second quarter and now has turned [...]
Nixon resigns!
Great video on Nixon before his resignation speech. Too bad that side of the guy did not come across to the public.
What Went Wrong With Economics
I found this quote and link on the site of Otto Rock. It very succinctly puts the worth of the current crop of economic advisors and experts in their place: It acknowledges that the discipline is subject to three critiques: 1) it helped cause the current economic crisis 2) It failed to see it coming [...]
