Saturday, April 26, 2014

THE TEA PARTY ECONOMIST 03/26/2014

Will Facebook Bring Down the Government?
I am going to ask a rhetorical question. When was the last time you saw a positive political cartoon for Obama? It is not just Obama’s problem. How many positive cartoons did you see for George W. Bush after 2003? For that matter, how many positive cartoons did you see for Bill Clinton? How many […] READ MORE

Why The Housing Sector Won’t Save The Broader Economy
The housing sector may or may not get better after a slow start to 2014. But regardless, it certainly won’t save the broader economy — at least not according to two professors who run a popular economics blog. On House of Debt, Princeton’s Atif Mian and University of Chicago Booth School of Business’s Amir Sufi […] READ MORE

Studies Show Obamacare Means Higher Costs For Young Adults
Buying health insurance doesn’t really change what young adults spend out-of-pocket on health care over the course of a year, Kaiser Health News reports. A Journal of Adolescent Health analysis of 2009 federal data on patient spending found that young adults who were insured at least part of the year had higher emergency room costs […] READ MORE



Wealthy Taxpayers Wound Up Paying 13% More On The Same Income As Last Year
It’s no secret that high-income households have historically paid more than their fair share of income tax relative to their numbers. For the 2013 filing season for 2012 individual income tax returns, as of July 25, 2013, IRS processed 137 million returns with adjusted gross income, or AGI ( gross income minus deductions for AGI […] READ MORE

Harry Reid, Once Criticized For Racist Comments, Condemns Rancher For His Racist Remark
Democratic Senate majority leader Harry Reid on Thursday strongly condemned Cliven Bundy, a constituent and rancher in Nevada, for his widely-reported offensive comments about African-Americans. “Today, Bundy revealed himself to be a hateful racist,” Reid said in a statement provided by his office. The New York Times reported on a recent rant by Bundy, who […] READ MORE

Mass. Teenager Faces Murder Charges After Robbery Accomplice Is Fatally Shot By Would-be Victim
If you commit the crime, then you better be ready to serve the time. Not many people would object to this statement. Especially when it references the charge of murder. Most people would agree if an individual is proven in the court of law to be guilty of murder, then they should be forced to […] READ MORE

A Better Measure than GDP
My friend Mark Skousen for two decades has argued that the GDP statistic is incomplete. It’s misleading as a stand-alone statistic. It’s based on Keynesian demand-side assumptions. What is needed is a supply-side approach. He offered it. Sadly, it was ignored for years. But in an amazing development, the federal government has now adopted it […] READ MORE

Quick Observations on Inflation in the 1970′s
“Gold bugs” take it for granted that it was no coincidence that the US got hit with stagflation in the 1970′s, because Richard Nixon infamously severed the dollar’s last tie to gold in 1971. Others, however, dispute this connection. So I thought it worthwhile to make a simple case in defense of the gold bugs: […] READ MORE

How to Advance Liberty Through Politics
With midterm election season in full swing, and coming off of my recent interview with the great Murray Sabrin for the Lions of Liberty Podcast, it seems like an appropriate time to examine the role of political action when it comes to advancing the ideas of liberty. As I see it there are generally three […] READ MORE

Were Pulitzer Prizes Awarded To Traitors?
I rarely write rebuttals to articles, but sometimes an article is written that is odious and ignorant enough to warrant a counter-article in order to clear the air of the pollution that these mole-sighted “journalists” vomit into our collective consciousness. The article of note in this case is an editorial by conservative hack Michael Goodwin, […] READ MORE

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