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Category: Economics

I guess I am lucky

That my student loans are all federally backed and thus have tightly fixed interest rates…

Protesters’ new front
Americans have finally awakened to the decades-long corruption of higher education
http://www.salon.com/2012/04/23/protesters_furious_new_front/

I am very familiar with the inability to bankrupt student …

Author TfouiPosted on April 24, 2012Categories Business, Economics, Education, Government, Politics, Psychology, Society

A perfect example of why I don’t care for unions

Strike threat at Hostess could kill off Twinkies
http://money.cnn.com/2012/04/17/news/companies/twinkies-hostess-strike/index.htm?hpt=hp_t2

I had to read this twice…

… both management and the unions agree that the company is unlikely to survive a strike.

Despite knowing that going on strike will mean they …

Author TfouiPosted on April 17, 2012Categories Business, Economics, Psychology

So the solution is what? Less regulation?

The Real Reason for the Tragedy of the Titanic
The disaster is often seen as a tale of hubris, social stratification and capitalist excess. The truth is considerably more sobering.
http://online.wsj.com/article/SB10001424052702304444604577337923643095442.html?mod=googlenews_wsj

Yet another document that somehow failed to get published …

Author TfouiPosted on April 17, 2012Categories Business, Economics, Government

Where is the Tea Party outrage?

A huge student loan scam
With the help of Virginia Foxx, R-N.C., for-profit colleges are massively ripping off U.S. taxpayers
http://www.salon.com/2012/04/16/a_huge_student_loan_scam/singleton/

Additional proof (as if any were needed) that the Tea Party anti-government crusade is nothing more than racist anti-feminine …

Author TfouiPosted on April 17, 2012Categories Business, Economics, Education, Government, Infosec, Politics, Society

The new economic revolution

Not their fathers’ economics
Students seeking real-world answers are questioning long-held tenets.
http://www.latimes.com/news/opinion/commentary/la-oe-weiner-youth-revolt-economics-20120411,0,6994951.story

Finally, a breath of fresh air! Economics has been subject to way too many simplifying assumptions (see here for some thoughts) for way too long. It is …

Author TfouiPosted on April 11, 2012Categories Economics

The dead hand of Adam Smith

There Is No Invisible Hand
http://blogs.hbr.org/cs/2012/04/there_is_no_invisible_hand.html

I have read a great deal about the ‘invisible hand’ of the marketplace pushing the market toward an equilibrium and the only time I can recall believing that it had any association with reality …

Author TfouiPosted on April 11, 2012Categories Business, Economics, Government, Society1 Comment on The dead hand of Adam Smith

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