Category: Economics

  • Bankrupting America says ‘spending just got personal’

    The new website Bankrupting America features a video presentation of poll results that reveal that a strong majority of Americans — seven out of ten — feel that government spending is too high, and nearly as many say this spending affects them personally.

  • Raj Goyle anti-outsourcing plan likely to backfire

    A plan advocated by Democratic Party candidate for Congress Raj Goyle to reduce the outsourcing of jobs from the United States is likely to produce the opposite effect, according to the Wall Street Journal.

  • Economic competition isn’t a sporting contest

    Last week USA Today carried an editorial by an Alexandria, Virginia school teacher that contains an unfortunate misunderstanding of the term competition as it applies to economics and education.

  • Federal government spending: With all due respect Mr. President, we’re still waiting

    “We will go through our federal budget — page by page, line by line — eliminating those programs we don’t need.” — President-Elect Barack Obama, November 2008. A newspaper advertisement placed by the Cato Institute reminds us of President Obama’s pledge — and its lack of fulfillment:

  • U.S. needs permanent tax cuts, not Obama stopgap

    It’s good news that President Barack Obama now realizes that taxes are a drag on business investment and employment. But we need permanent tax cuts, not a temporary measure.

  • Prices mean something, even life and death

    In the five years since Hurricane Katrina flooded New Orleans, some $15 billion has been spent rebuilding and strengthening that city’s flood defenses. The goal is to protect against the loss of life and property that happened in 2005 when the levies failed.

  • Social Security: A good and moral deal?

    Social Security and its future have been in the news lately. Supporters promote it as one of the best examples of successful government programs, and denigrate its critics as pessimists.

  • Wichita economic forecast to be presented

    This Friday (August 27) the Wichita Pachyderm Club will feature a presentation titled “Economic Forecast for the Wichita Area.” The presenter will be Debra Franklin, Regional Labor Force Analyst at the Center for Economic Development and Business Research at Wichita State University.

  • Avoiding bad decisions in good times

    An associate of mine once said, “Some of the worst decisions are made in the best of times.” His observation pertained to negotiating agreements with labor unions but I was reminded of it by a news report saying local governments may eliminate 500,000 jobs across the country if Congress doesn’t pony up more federal tax…

  • Hayek vs. Keynes to be discussed in Wichita

    This Friday (July 30) the Wichita Pachyderm Club features “A celebration of Milton Friedman’s birthday featuring a discussion of the Friedrich Hayek and the John Maynard Keynes economic schools of thought.”

  • Economic principles to be applied at event in Wichita

    The Americans for Prosperity Foundation announces a meeting with the title “Applying Economic Principles to Current Events and International Issues.” The special guest presenters at this meeting are Gabriella Megyesi and Gregory Rehmke. These two speakers are also presenting at the Free the World Seminar 2010. This evening event allows people who are unable to…

  • Free the World Seminar 2010 in Wichita

    As a recent Wichita Eagle Op-Ed article expressed, today’s students are not financially literate, but when given this background, their opportunities in life are unlimited: Jim Graham: Kansas youths need to be financially literate. After so many decades of prosperity in the U.S., Europe, and Japan, why are so many people in Latin America and…