Category: Economics
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Defending insider trading
Insider trading is almost universally judged to be bad. Company insiders, using information not available to the public, making stock trades and usually very high profits: Is that fair? How could allowing abuse like this be beneficial? But if you value the importance of prices as conduits of information, allowing insider trading makes a lot…
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John A. Allison: The current problem, and what to do
Last Thursday, John A. Allison visited Wichita to address the annual economic outlook conference produced by the Center for Economic Development and Business Research (CEDBR) at Wichita State University. Allison is chairman and former CEO of BB&T Corporation, the nation’s 10th largest financial-holding company. Its headquarters are in Winston-Salem, North Carolina. His talk first diagnosed…
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‘Battle for the World Economy’ to be presented in Wichita
AFP — Kansas presents a new luncheon video series: “Commanding Heights: the Battle for the World Economy.” The video will be shown, and there there is time for discussion.
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Causes of global finance crisis explained in Wichita
Today, an audience of 600 business and civic leaders attended the 30th annual Economic Outlook Conference at Century II, sponsored by the Center for Economic Development and Business Research (CEDBR) at Wichita State University. The featured speaker was John A. Allison, chairman and former CEO of BB&T Corporation, the nation’s 10th largest financial-holding company. Its…
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Someone in California understands TIF
In California, they’re called redevelopment districts. In Kansas, we call them tax increment financing or TIF districts. By either name, they provide a way to channel money to politically favored developers.
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Profit motive in health care is essential
I wonder: who has the greater incentive to avoid wasting money on useless overhead? The government, or a private company who can keep the money saved as profits?
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How will government run our health care?
Other than the source of its premiums, Medicare is no different, economically, than a regular health-insurance company. But unlike, say, UnitedHealthcare, it is a bureaucracy-beclotted nightmare, riven with waste and fraud. Last year the Government Accountability Office estimated that no less than one-third of all Medicare disbursements for durable medical equipment, such as wheelchairs and…
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Road to prosperity for Kansas to be examined in Wichita
At this Friday’s meeting of the Wichita Pachyderm Club, Dave Trabert, President of the Flint Hills Center for Public Policy will explain the ideas and concepts presented in Friedrich Hayek’s monumental work The Road to Serfdom.
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It’s time to audit the Federal Reserve Bank
The secretive FR [Federal Reserve] is a monetary oligarchy and an unelected monopoly that has control of credit, interest, volume and value of our currency. Until the people regain control of their money, bankers and not the government, will control the situation and our property,” says Al Terwelp, Vice Chair of the Libertarian Party of…
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Prices ration scarce goods
When something is in in short supply, something must decide who gets the good, and who doesn’t. One way is for government to decide, and the other way is for people to decide cooperatively, through the price mechanism.
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Maybe props are stimulus, too
The Kansas Meadowlark wonders about construction equipment moved into place apparently just for effect: Tax dollars for props for Biden’s visit to Overland Park? Wasteful spending for Biden to avoid?
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80 Years Later: Parallels Between 1929 and 2009
Austrian economist Walter Block delivers a lecture that draws the parallels and differences between now and the Great Depression.