This is a great snippet on MSNBC interview with Ron Paul, where he discusses how we got the Fannie and Freddie mess, and why he understood it before the bubble burst...His answer: Understanding problem with Keynesian economics vs. how Austrian economics actually works.
(You have to get past the first 1 1/2 minutes where he's talking about the recent Pelosi/CIA issues.)
Saturday, May 16, 2009
Wednesday, May 13, 2009
Energy Tax
The Energy Tax is yet another ploy by the Democrats in charge in D.C. to take money from Americans. But this tax is especially bad, because it will hit poor families and small businesses especially hard.
Sen Broun speaks about the Tax.
Sen Broun speaks about the Tax.
Sunday, May 10, 2009
Why Govt Aid to Africa Doesn't Work
This interview, with a young lady from Africa, explains her view of why Govt Aid to Africa is not working. It is well worth listening to:
http://www.dambisamoyo.com/downloads/2009-05-07_CBC_Radio.mp3
She also did an interview on a Norway program -- and did a great job of explaining how Government to Government aid causes more problems than it erases:
http://www.youtube.com/watch?v=L5Pkk2sq9Cg
http://www.dambisamoyo.com/downloads/2009-05-07_CBC_Radio.mp3
She also did an interview on a Norway program -- and did a great job of explaining how Government to Government aid causes more problems than it erases:
http://www.youtube.com/watch?v=L5Pkk2sq9Cg
Thursday, April 30, 2009
Economics Classes end for the Year
It was bittersweet to end the semester yesterday. I have so much to do right now, that I look forward to a little extra time to try to catch up on some of that. But I have enjoyed this year's classes very much.
The question was asked yesterday about whether I would keep putting things on the Economics blog over the summer. I believe I answered yes. But I want to change that to a maybe. If I run into any fantastic Economic resources over the next few months, or some topics that we need to be sure to cover next year, I'll jot them down here. But if I'm just running into "Economic News" -- that will be posted on the Civics Lessons blog instead (http://clccivicslessons.blogspot.com/), since that type of thing is generally Economics and Government related.
Take care, and I look forward to seeing most of you in next year's classes. (To my Seniors or other non-returners, "Take care, and keep in touch. I've enjoyed teaching you this year.")
The question was asked yesterday about whether I would keep putting things on the Economics blog over the summer. I believe I answered yes. But I want to change that to a maybe. If I run into any fantastic Economic resources over the next few months, or some topics that we need to be sure to cover next year, I'll jot them down here. But if I'm just running into "Economic News" -- that will be posted on the Civics Lessons blog instead (http://clccivicslessons.blogspot.com/), since that type of thing is generally Economics and Government related.
Take care, and I look forward to seeing most of you in next year's classes. (To my Seniors or other non-returners, "Take care, and keep in touch. I've enjoyed teaching you this year.")
Tuesday, April 21, 2009
Great Depression Quotes
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” Milton Friedman
"Listening to the liberals, you'd think that the 1980s were the worst period since the Great Depression, filled with suffering and despair. I don't know about you, but I'm getting awfully tired of the whining voices from the White House these days. They're claiming there was a decade of greed and neglect, but you and I know better than that. We were there." Ronald Reagan
"Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself." Herbert Hoover (which of course, he didn't do by himself -- but he certainly contributed to it!)
"Prosperity cannot be restored by raids upon the public Treasury." Herbert Hoover (though he behaved during the beginning of the Great Depression as if it could be).
"Blessed are the young for they shall inherit the national debt. " Herbert Hoover
(Some concepts are not so new after all.)
"Not only our future economic soundness but the very soundness of our democratic institutions depends on the determination of our government to give employment to idle men." Franklin D. Roosevelt (and where did the government get the money to employ those idle men...)
Much comparison is made between what's happening in today's Economy and the Great Depression. What were things like then: Production fell by more than 50%, disposable income was down 28% and stock prices were down 90%. We are not anywhere near Great Depression problems now! Unemployment rose to 25%, with almost 13 million unemployed in 1933 (up from less than 2 million in 1929).
"Listening to the liberals, you'd think that the 1980s were the worst period since the Great Depression, filled with suffering and despair. I don't know about you, but I'm getting awfully tired of the whining voices from the White House these days. They're claiming there was a decade of greed and neglect, but you and I know better than that. We were there." Ronald Reagan
"Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself." Herbert Hoover (which of course, he didn't do by himself -- but he certainly contributed to it!)
"Prosperity cannot be restored by raids upon the public Treasury." Herbert Hoover (though he behaved during the beginning of the Great Depression as if it could be).
"Blessed are the young for they shall inherit the national debt. " Herbert Hoover
(Some concepts are not so new after all.)
"Not only our future economic soundness but the very soundness of our democratic institutions depends on the determination of our government to give employment to idle men." Franklin D. Roosevelt (and where did the government get the money to employ those idle men...)
Much comparison is made between what's happening in today's Economy and the Great Depression. What were things like then: Production fell by more than 50%, disposable income was down 28% and stock prices were down 90%. We are not anywhere near Great Depression problems now! Unemployment rose to 25%, with almost 13 million unemployed in 1933 (up from less than 2 million in 1929).
Senator DeMint Speaks Out About Tea Parties and More
Senator DeMint spoke to the Senate about the Tea Parties, the need to shrink government, bankrupting our future generations. He continues to be one of the few in the Senate who seems to "get it"! Everyday folks went home from the tea parties to find that because they had a preference for freedom, and limited government, they had been labeled as terrorists by Homeland Security.
"Tea Parties are only the beginning."
"Freedom hasn't failed, the government has."
"We have it backwards as to what made America great..."
"Let's not blame the housing problem on the free market..."
People are telling us, "Don't give up on Freedom. Government does not work. Socialism does not work."
"Tea Parties are only the beginning."
"Freedom hasn't failed, the government has."
"We have it backwards as to what made America great..."
"Let's not blame the housing problem on the free market..."
People are telling us, "Don't give up on Freedom. Government does not work. Socialism does not work."
Thursday, April 16, 2009
Great Depression
We only have 2 Economic classes left for this spring, and we will be discussing the Great Depression in both of them. For homework, before next week's class, please read over Great Myths of the Great Depression. If you don't have a copy of it, you can download it at FEE's website.
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