Leftists like to portray the European economic model as more “poor” friendly than the United States economic model. But that depends on what your preferences are: if you are poor and would prefer less disposable income with more government services, then yes, the European model would be preferable. However, if you are poor and would […]
Archive for the 'Poverty' Category
Dec20th2011
Jul29th2011
The Deregulation Era And Developing Countries
Published by in Capitalism, Economics, Inequality and Poverty. 1 CommentLefties often label the era from the late 1970’s to today as the era of deregulation where wages stagnated, income inequality increased, and overall the rich got richer at the expense of the poor. They argue that we should go back to the economic era from roughly the end of WWII, to the late 1970’s. […]
Jul6th2011
“I do get the point that if you are young and idealistic and want your work to have a goal of alleviating poverty, working for a typical business may seem unlikely to relate to your objective. But it’s hard to know. Has poverty in India and China been reduced more […]
Feb3rd2011
“The typical person in the top 5 percent of the Indian population, for example, makes the same as or less than the typical person in the bottom 5 percent of the American population. That’s right: America’s poorest are, on average, richer than India’s richest — extravagant Mumbai mansions notwithstanding.” — Catherine […]
Jun4th2010
Milton Friedman On The Responsibility To The Poor
Published by in Economics, Education, General, Hispanics (Minority Issues), Minimum Wage, Myths and Poverty. 0 CommentsYou need to a flashplayer enabled browser to view this YouTube video
Just as true in 1978 as it is today.
Mar11th2010
The Effects Of Unemployment Insurance
Published by in Economics, ModernPolitics and Poverty. 2 CommentsEach unemployed person has a “reservation wage”–the minimum wage he or she insists on getting before accepting a job. Unemployment insurance and other social assistance programs increase that reservation wage, causing an unemployed person to remain unemployed longer.
Consider, for example, an unemployed person who is accustomed to making $15.00 an hour. On unemployment insurance this […]
Feb23rd2010
When Obama proposed his credit card regulations, economic theory predicted what would happen: harm those with less than perfect credit scores (primarily the poor). Bryan Caplan, professor of economics at George Mason University, explained it best when he wrote:
” When you make lending to high-risk people less attractive, the result is not worse terms for […]
Sep1st2009
“About 10 percent of infants die in their first year of life in Africa — still shockingly high, but considerably lower than the European average less than 100 years ago, let alone 800 years past. And about two thirds of Africans are literate — a level achieved in Spain only in the 1920s.” - Charles […]
May26th2009
” When you make lending to high-risk people less attractive, the result is not worse terms for low-risk people who have been profitable all along. The result is that high-risk people get less credit. They used to be able to get credit despite their credit-unworthiness by paying extra; if the law forbids this, why lend […]
May22nd2009
The Invisible Hand vs Charity
Published by in Capitalism, Chicanoism, Economics, Hispanics (Minority Issues), Personal and Poverty. 3 CommentsOne of the major problems I have with Chicano Studies is its overemphasis on altruistic ventures as opposed to “personal gain”. Becoming a community organizer, for example, is more encouraged than becoming an engineer. This was particularly important to me last year when my sister, being in her junior year of high school, was applying […]
May12th2009
“The Rich” Vs “Government”: Who Should Get More Money?
Published by in Economics, Myths, Poverty and Taxes. 4 CommentsScott Sumners, a professor of economics at Bentley University, in one of his lengthy posts, made this parenthetical statement:
[BTW, Bill Gates essentially taxed middle class consumers all over the developed world, and is giving almost all of the money to the disadvantged in poor countries. That’s something governments don’t do, and yet for his “monopoly […]
Jan26th2009
Developmental economist Bill Easterly has a blog called Aid Watch.
He starts off:
Today, I foist a new blog called Aid Watch on the blogosphere. The objective is to be brutally honest when aid is not helping the poor, but also praising it when it is.
The blog can be found here.
Jan17th2009
“Mr. Obama and the Democrats who favor labor standards in trade agreements mean well, for they intend to fight back at oppressive sweatshops abroad. But while it shocks Americans to hear it, the central challenge in the poorest countries is not that sweatshops exploit too many people, but that they don’t exploit enough. Talk to […]
Aug29th2008
Quote Of The Day
Published by in Economics, Education, Hispanics (Minority Issues), Inequality and Poverty. 0 Comments“Fifty percent of the variance in inequality in lifetime earnings is determined by age 18. The family plays a powerful role in shaping adult outcomes that is not fully recognised by current American policies. As programs are currently configured, interventions early in the lives of disadvantaged children have substantially higher economic returns than later interventions […]
Apr30th2008
The Argument Against Regulations
Published by in Economics, Hispanics (Minority Issues), Myths, Personal and Poverty. 0 CommentsBacon-wrapped hot dogs are common in downtown Los Angeles and especially in Mexican border cities. Tijuana, for example, has a vendor at almost every corner. Well now, apparently, Los Angeles is trying to ban the cart sale of these very delicious bacon-wrapped hot dogs.
As a huge fan of bacon-wrapped hot dogs (I’ve eaten more […]
Apr18th2008
Milton Friedman On Race, Poverty And Government
Published by in Capitalism, Chicanoism, Discrimination, Economics, Education, General, Hispanics (Minority Issues), Minimum Wage, ModernPolitics, Myths, Poverty, Vouchers and affirmative action. 3 CommentsYou need to a flashplayer enabled browser to view this YouTube video
From an old speech but just as relevant today as it was then.
