Wkubbt

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Date registered: August 8, 2011

Latest posts

  1. Kentucky Tax Reform — June 7, 2017
  2. Where have Kentucky’s Workers Gone? — March 3, 2016
  3. The Macro Economy, Education, and Race in Employment — August 12, 2015
  4. Kentucky’s Labor Market Ranks 49th — July 31, 2015
  5. Youth Employment and The Last 30 Years of the Minimum Wage in the United States — August 15, 2014

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Nov
21

Seven Habits of Highly Effective Economies

Stephen Covey first published The Seven Habits of Highly Effective People in 1989.  My children can name all seven habits because they are drilled into them at their local public school.  More effective people undoubtedly would create a more effective economy.  Below I attempt to apply the seven habits to an effective economy. Habit 1: …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/11/21/seven-habits-of-highly-effective-economies/

Sep
05

Minimum Intelligence: Recent History of the Minimum Wage and Teenage Employment

Between 1955 and July 2013, the employment rate of teenagers aged 16-19 fell from 43.4% to 26.6%.  Rising family incomes surely allowed some youngsters to avoid the workforce altogether and rely on their parents for their material needs and wants.  However, rising incomes is only a small part of the story. The teenage unemployment rate …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/09/05/minimum-intelligence-recent-history-of-the-minimum-wage-and-teenage-employment/

Aug
30

Pain and Gain: The Economic Principle, not the Movie

What’s not to like about increasing living standards for everyone?  Most people agree that economic growth is good because it allows people to have better access to food, clothing, shelter, health care, education, entertainment, and other nicer stuff.  A few don’t like economic growth because they mistakenly believe growth is bad for the environment or …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/08/30/pain-and-gain-the-economic-principle-not-the-movie/

Jun
17

Job creation, not more taxes, will spur Ky. prosperity

The following appeared in the May 27th edition of the Lexington Herald Leader.  It was written as a response to Jason Bailey’s May 4th  editorial in the same paper. Jason Bailey, director of the Kentucky Center for Economic Policy and a member of the Governor’s Blue Ribbon Tax Reform Commission, argued that the Bluegrass state …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/06/17/631/

Apr
11

The King the Milk, and the Honey (The first draft)

Once upon a time, there lived a king.  His kingdom was the richest on earth.  It overflowed with milk and honey, yet there was discontentment among some of the king’s subjects. One day a group of the king’s subjects paid a visit to the king. Thinking himself to be both wise and just, he allowed …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/04/11/the-king-the-milk-and-the-honey-the-first-draft/

Mar
27

Kentucky’s Pension “Reform”

“What has been will be again, what has been done will done again; there is nothing new under the sun.” -          Ecclesiastes 1:9 Kentucky’s unfunded pension liability was increasing rapidly.  Reform was needed.  In 2008, Kentucky “reformed” their pension system.  The reform said that by 2025 Kentucky should begin fully funding that year’s newly created …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/03/27/kentuckys-pension-reform/

Feb
28

Political Game Theory: Why no one likes what comes out of Washington

The field of Public Choice extends the study of economics to governments.  It assumes that people in government behave the same as do people in the private sector.  By behave the same, they (according to Steven Horwitz) mean that people have intentions, use information, respond to incentives, and act in accordance to institutional rules set …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/02/28/political-game-theory-why-no-one-likes-what-comes-out-of-washington/

Feb
22

A Sequester of Competence

The world did not end in December 2012.  The Mayans were wrong.  So too were those who prognosticated that the Fiscal Cliff would end the world as we know it on January 1st 2013.  But wait, we are supposed to believe that the four horsemen of the apocalypse will begin their ride on March 1st …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/02/22/a-sequester-of-competence/

Feb
11

Economic Hail Maries

Now that American rules football is over for the season, and the Pope has resigned, people may fear for a drought of Hail Maries.  No worries.  Politicians who have enacted growth retarding economic policies continue to supply economic Hail Maries.  Even then, they don’t always know which end zone to aim for. To combat runaway …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/02/11/economic-hail-maries/

Feb
01

The Amateur

The first estimate of fourth quarter US GDP was released this week.  It showed that the US economy shrank in the fourth quarter.  The White House’s response to slow US growth was to blame congressional Republicans and disband the US Jobs Council.  Apparently there is no great need for more jobs now that the 2012 …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/02/01/the-amateur/

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