Tag: Economics
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Hazlitt’s ‘Economics in One Lesson’ explains today’s economics
Economics In One Lesson, first published in 1946 and recently reissued by the Ludwig von Mises Institute, explains common fallacies (false or mistaken ideas) that are particularly common in the field of economics and public policy.
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Cash for clunkers clunked
Did the “Cash for Clunkers” program work as advertised? It all depends on the meaning of the word “work,” I suppose. If the definition of success means moving more cars off of dealer lots than what probably would have happened anyway, that’s good. But when looking at the marginal activity — and I believe this…
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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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Articles of Interest
Wichita airport, golf, Sweden’s economy, federal government hiring needs, depression.
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John Stossel to speak in Wichita
ABC television journalist and author John Stossel will be in Wichita on October 12 to deliver a lecture as part of Wichita State University’s Elliott School of Communications 20th anniversary celebration.
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Remembering Rose Friedman
Today we learn that Rose Friedman has died. The Friedman Foundation for Educational Choice has a notice at Remembering Rose Friedman. Also Reason has Rose Friedman, R.I.P.
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Public effort should benefit all taxpayers, not a select few
A recent Wichita Eagle commentary by Doug Stanley, vice chairman of the Greater Wichita Economic Development Coalition, made the case for government to invest taxpayer money in developing “shovel-ready” sites to attract a wide range of new employers, especially large industrial and manufacturing companies. He says consultants who work with large employers on site selection…
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Wichita needs a bargain on parks maintenance
As the City of Wichita struggles to make its budget work, one proposal is to reduce the number of parks workers, replacing them with contract workers. The city believes it could save $1 million per year. Parks workers and the union officials that represent them are opposed to this plan. Taxpayers, however, should be relieved…
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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?