Category Archives: Uncategorized

Keystone Pipeline, Jobs, and Confusion

Perhaps “haste makes waste” explains the jumble of contradictory statements coming from President Trump with regard to the Keystone XL and Dakota Access Pipeline projects. Or maybe not?? Trump gives green light to Dakota Access Keystone XL oil pipelines. Trump’s … Continue reading

Posted in Government, News and politics, trade, Uncategorized | Tagged , , , , , , , | 1 Comment

President Trump and manufacturing jobs

President Trump intends to bring back manufacturing jobs. How might he do that and what would it mean for our economy and our workers? Keeping in mind that our manufacturing output has steadily increased over the years and is now … Continue reading

Posted in Economics, Government, News and politics, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Econ 101 – Jobs and Income Growth

At long last the economy has more or less reached full employment. The December 2016 unemployment rate was 4.7 percent while the Federal Reserve’s assessment of normal full employment (NAIRU—non-accelerating inflation rate of unemployment) is 4.8 percent. More over, wage … Continue reading

Posted in Economics, Government, News and politics, trade, Uncategorized | Tagged , , , , , , , , , , | 1 Comment

The Liberal International Order

A monopolist enjoys a bigger profit than would a competitive supplier of the same items by restricting the supply in order to charge a higher price. This assumes that he can increase the price by more than the reduction in … Continue reading

Posted in trade, Uncategorized | Tagged , , , , , , | 1 Comment

Our Risks from Terrorists

“’The free movement of good people also means the free movement of bad people. Expect Schengen to dominate the EU debate next year,’ Nigel Farage, a leading British anti-E.U. campaigner, wrote on Twitter, referring to the area that allows for … Continue reading

Posted in Government, News and politics, Uncategorized | Tagged , , , , , , , | Leave a comment

Save Trade

I have written about the importance of trade to our standard of living many times because it seems to be under attack. The graph below, which reflects Angus Maddison’s data showing a massive increase in income throughout the world over the last … Continue reading

Posted in Economics, Government, News and politics, trade, Uncategorized | Tagged , , , , , , , | Leave a comment

David M Friedman

PEOTUS Trump’s nomination of David M. Friedman as his ambassador to Israel is a very bad choice. It will perpetuate Israel’s refusal to take the steps it needs to take to be a secure and prosperous member of its neighborhood … Continue reading

Posted in Government, News and politics, Uncategorized | Tagged , , , , , | 4 Comments