ECONOMICS: No surprise — no growth in the Pepuls Republik of Nu Jerzee

Monday, June 15, 2015

http://patch.com/new-jersey/ridgewood/new-jerseys-economic-growth-among-worst-usa?utm_source=alert-breakingnews&utm_medium=email&utm_term=politics%20%26%20government&utm_campaign=alert

New Jersey’s Economic Growth Among Country’s Worst: New Report
New Jersey’s gross domestic product grew a mere 0.4 percent in 2014, ranking 46th in the nation.
By TOM DAVIS (Patch Staff)June 13, 2015

*** begin quote ***

New Jersey’s economy is barely ticking upward, with its growth ranking near the bottom in 2014 – and falling far below the national average.

New Jersey’s gross domestic product grew a mere 0.4 percent in 2014, ranking in a three-way tie for 44th in the nation, according to the Bureau of Economic Analysis. The nation’s real GDP grew 2.2 percent in 2014 after increasing 1.9 percent in 2013.

The state’s growth slowed from previous years, In 2012, the GDP grew 2.5 percent, and in 2013, there was 0.8 percent growth.

The state had the slowest growth of any state in the Mideast region, way behind New York’s 2.5 percent GDP growth.

Gordon MacInnes, president of New Jersey Policy Perspective, a liberal Trenton-based think tank, told NJSpotlight that the state needs to invest more in education, public transit and transportation infrastructure, as well as colleges and universities.

“You can’t create a strong economy and create jobs without a strong foundation,” MacInnes said told the publication.

*** end quote ***

“Invest” my <synonym for donkey>!

Spending more money — stolen from over taxed residents of the Pepuls Republik of Nu Jerzee — will not spark any type of growth. Except it the taking class of teachers’ unions, other Gooferment unions, politicians, and bureaucrats!!!

Cut the minimum wage.

Cut the corporate and individual tax rates.

Convert Gooferment pensions to 401s like private businesses are doing.

Introduce a meaningful school choice voucher program.

Reduce education expenses by consolidation of the 600+ “school districts” into 21 county ones.

UNWIND the regulatory state.

End the “(pseudo) War on (some) Drugs” and pardon all non-violent drug offenders.

Eliminate property taxes to fund Gooferment Skrules. (Eliminate Gooferment Skrules entirely!)

And, my personal favorite, end the inheritance tax.

THEN watch the Stte become a magnet for people, business, and happiness!

Argh!

# – # – # – # – # 


ECONOMICS: Do “the poor stay poor, the rich get rich”?

Wednesday, June 10, 2015

FROM FACEBOOK

*** begin quote ***

Leonard Cohen – Everybody Knows

Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That’s how it goes
Everybody knows

*** end quote ***

Hmm, not so sure that “poor stay poor, the rich get rich” is accurate here in America. There are economic studies that show tremendous movement between the financial strata. WHile there are some people who are born poor and die poor, but that’s not cast in concrete like in some countries. And, rarely does a “family fortune” survive three generations.Also, how does one explain the immigrants from Asia and India who arrive with nothing and wind up with thriving businesses in a few decades. #Tom Woods

http://tomwoods.com/podcast/ep-298-income-inequality-non-solutions-to-a-non-problem/

Ep. 298 Income Inequality: Non-Solutions to a Non-Problem
4th December 2014
Tom Woods
Nineteen ways income redistribution harms society.

# – # – # – # – #  


ECONOMICS: Forget gay marriage; is marriage over

Sunday, April 26, 2015

https://www.lewrockwell.com/2015/04/no_author/men-go-on-strike-against-marriage/

Why Men Won’t Get Married Anymore
Women complain chaps today won’t settle down. Sorry, ladies, but it’s all your fault, argues a wickedly provocative new book
By Peter Lloyd
Daily Mail
April 21, 2015

*** begin quote ***

When it comes to marriage, men are on strike.

Why? Because the rewards are far less than they used to be, while the cost and dangers it presents are far greater.

‘Ultimately, men know there’s a good chance they’ll lose their friends, their respect, their space, their sex life, their money and — if it all goes wrong — their family,’ says Dr Helen Smith, author of Why Men Are Boycotting Marriage, Fatherhood And The American Dream.

‘They don’t want to enter into a legal contract with someone who could effectively take half their savings, pension and property when the honeymoon period is over.

‘Men aren’t wimping out by staying unmarried or being commitment phobes. They’re being smart.’

*** end quote ***

This is a scary trend. That will remake society.

It’s part of the trend that makes the woman rich out of any marriage. 

Palimony was just the first step.

Used be that divorce was a Hollywood thing.

Argh!

# – # – # – # – # 


ECONOMICS: Pulling up the lower rungs of the economic ladder

Wednesday, April 22, 2015

http://cafehayek.com/2015/04/minimum-logic-maximum-straw.html

Minimum Logic, Maximum Straw
by DON BOUDREAUX on APRIL 18, 2015
in SEEN AND UNSEEN, WORK

*** begin quote ***

What minimum-wage hikes do unleash, however, is devastation upon a relatively small number of largely invisible workers – workers who are the least skilled and most disadvantaged.  Raising the minimum wage destroys jobs for many of these poor workers while making the jobs of other such workers more onerous.  But because these workers are so relatively few in number, their suffering, while very real, is easy to miss when looking at the aggregate data.  This fact explains why some – by no means a majority – of minimum-wage studies (particularly those that examine only short spans of time) find no negative employment effects.

*** end quote ***

Minimum wage “laws” are devestating to the poor, minority, low income, and senior citizens.

Why are they pushed?

Cui bono.

How many of the salaries of union and “public service” jobs are tied formally or informally to the minimum wage?

Of all the stupid legislation, this ranks right up there with the dumbest of the dumb (i.e., rounding off Pi; time zones; etc.).

Argh!


ECONOMICS: Dietary Supplements are cheap insurance

Friday, November 28, 2014

http://www.worldhealth.net/news/dietary-supplements-may-reduce-healthcare-costs/

Dietary Supplements May Reduce Healthcare Costs
Posted on Nov. 10, 2014, 6 a.m. in Healthcare and Public Policy Dietary Supplementation 

Dietary Supplements May Reduce Healthcare Costs

Hospitalizations for all U.S. adults over the age of 55 with coronary heart disease (CHD) cost the United States in excess of $64 billion in 2012. However, new research suggests that regularly taking certain dietary supplements may help to cut the number of hospitilizations for CHD, and thus also cut expenditure.

Christopher Shanahan and Robert de Lorimier, PhD, examined peer-reviewed, published studies that looked separately at relationships between omega-3 supplement intake and the risk of a CHD-attributed event, and B vitamins intake and the risk of a CHD-attributed event. The researchers then projected the rates of CHD-attributed medical events across U.S. men and women over the age of 55 with CHD and applied a cost benefit analysis to determine the cost savings if people in this targeted population took omega-3 supplements or B vitamin supplements at preventive intake levels.

Results showed that if every high-risk person (U.S. adults over 55 with CHD) in the target population were to take omega-3 supplements at preventive intake levels daily, there would be an average of $2.1 billion in avoided expenditures per year and a cumulative of $16.5 billion in avoided expenditures between 2013 and 2020.

Whilst if every high-risk person in the target population were to take B vitamins at preventive intake levels daily, there would be an average of $1.5 billion in avoided expenditures per year and a cumulative of $12.1 billion in avoided expenditures between 2013 and 2020.

“Many dietary supplement products are available in the market today that have been shown to have positive effects on heart health through associated clinical studies…Thus, the potential decrease of total health care expenditures in the United States is a strong argument for the daily use of dietary supplements,” the authors said. “This is a relatively low-technology, yet smart, approach that can be used by consumers, physicians, employers, and policymakers as a means to reduce personal and societal health care costs.”

# – # – # – # – #   

BUT of course, there’s no opportunity for Big Pharma to make big profits. And then be able to make big “campaign contributions”.

The big winnerw would be the poor victims of disease and the Taxpayer.

And we know where that ranks in the priority scheme.

# – # – # – # – #   


ECONOMICS: The Federal Reserve is Financial Repression

Thursday, October 30, 2014

http://www.peakprosperity.com/blog/88227/how-federal-reserve-purposely-attacking-savers

How The Federal Reserve Is Purposely Attacking Savers
But bungling badly as it does
by Chris Martenson
Monday, October 20, 2014, 12:36 PM

*** begin quote *** 

he answer is that while inflation always steals from savers, it really does its dirty work when the central bank and government conspire to create a condition of pervasive and unavoidable negative real interest rates.

This is the heart of Financial Repression: an environment in which you literally cannot save money without paying a penalty.

The main takeaway of Chapter 18 on Fuzzy Numbers is not that the government fibs a little now and then (okay,all the time) merely because that’s politically expedient, but it does so in service to a larger and more pernicious aim: forcing people to accept an inflation rate that is higher than either their income growth and/or the market’s safe rate of return.

As soon as you are locked into a negative interest rate regime, your capital is losing purchasing power. But simple accounting rules dictate that loss of wealth had to go somewhere. So where did it go? To somebody else.

Negative real interest rates transfer money from every saver to every over-extended borrower. This is especially true with the government (largely because of its special revolving door relationship with the Fed, which both issues the money out of thin air and then buys government debt forcing rates into negative territory).

It’s really that simple. The Fed has openly and actively suppressed rates — not to help the credit markets, as they claim, but to engineer a condition of Financial Repression. Because that’s what the government needs to stealthily take your wealth to pay down the prior debts it accumulated.

*** end quote ***

The War on Savers, the War on Capital, and the War on the Poor, Middle Class, and Elderly all intersect with the Federal Reserve.

Zero Interest Rate DESTROYS these communities.

Think about it from an Eccky-or-Icky-nomics POV.

It’s saying that there is NO preference to delay consumption.

It’s also saying there is NO way to preserve wealth for later use in retirement.

Argh!

* Savers are “rewarded” with inflation that depreciates their purchasing power.

* Capital can’t be formed with paying the inflation penalty.

* Since the poor have to spend most, if not all, of their current income, they face the inflation that erodes their future standard of living.

* Middle Class “wealthy” can’t preserve their financial assets into retirement. Why do the near fraudsters / hucksters, who advertise gold collectibles for IRAs, strike a chord with the future retirees? It’s their only chance to preserve their buying power.

* The Elderly on pensions, social “in”security, or savings are screwed by inflation increasing their costs and their capital earns nothing.

So, why do “We, The Sheeple” put up with it?

Bread and circuses!

Argh!

# – # – # – # – #    


ECONOMICS: 15$ minimum wage

Friday, September 19, 2014

http://www.tpnn.com/2014/09/08/did-the-fast-food-minimum-wage-strike-just-backfire/

 

Did the Fast Food Minimum Wage Strike Just Backfire?
September 8, 2014
By Matthew Burke

*** begin quote ***

TPNN radio host Tim Constantine of The Capitol Hill Show reports that the fast-food strikers have just shot themselves in the foot…big time.

“This company called Momentum Machines, has built a robot that could change the fast food industry forever,” announced Constantine. “The robot can slice toppings like tomatoes and pickles immediately before it places that slice onto your burger, so you get the freshest burger possible.” he reported following the Astroturf strikes organized by big labor unions and not necessarily even the workers of businesses like Burger King and McDonald’s.

“The robot is more consistent, more sanitary, and complains less, than your average worker,” Constantine explained.

“Here’s the kicker,” revealed Constantine: “The robot can produce 360 hamburgers per hour,” which equates to approximately one burger every ten seconds, much faster and efficiently than any human could.

*** end quote ***

From an economic point of view, it’s a no brainer. 

Robot Burgger Makers are cheaper than “Human Resources”.

I’ve told the tale of AT&T and the Elevator Operators. http://wp.me/pg9z-2Eb

Those ladies were casualties of the Federal Minimum Wage diktat. I know one who never had the skills to get another job. Wonder who else that happened to?

Cui Bono?

So let’s look behind the scene as to why this ASTROTURF group is campaigning.

Clearly, the minimum wage burger flippers will be out of a job faster than you can say: “You want fries with that?”

Big Labor knows that a rise in the minimum wage will directly escalate the Union wage scale. And bureaucrats know that the Gooferment pay scales will all rise to “compete”. Big Unions knows bigger paychecks means bigger Union dues.

So once again, we find the roots of the “minimum wage problem”.

Now dare I say this is a racial or “Social Justice” issue. Not for it, but against it. What is the Black Youth Unemployment rate? Will increasing the minimum wage decrease that? Not likely! And, how is it justice to put people on the dole. 

Talk about “moral hazard”? It’s not even close. 

Argh!

# – # – # – # – #   


Follow

Get every new post delivered to your Inbox.

Join 1,592 other followers

%d bloggers like this: