Category Archive: Micro related

Aug
24

Too Big Not to Fail

Size does matter.  As a child I had an awful time trying to eat a double scoop of ice cream without knocking the top scoop onto the ground.  In my hands the large cone was inherently unstable.  It turns out that there are a number of things too large for the government’s hands to hold …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2012/08/24/too-big-not-to-fail/

Nov
07

Stop, Drop, and Roll

For this week’s installment of Capitalism Today, you can read my article regarding fire fighter pay at Liberty Fund.  

Permanent link to this article: http://wkubbtcenter.com/2011/11/07/stop-drop-and-roll/

Oct
03

Homeownership is Over-rated: Did Homeowners in Atlantis enjoy being Underwater?

For years the US federal government has been obsessed with increased home ownership.  This obsession has led to the slowing of the US economy.  The problem began with the creation of the income tax in 1913 that excluded interest payments on all debt from being considered taxable income.  In 1986 that personal interest deduction was …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/10/03/homeownership-is-over-rated-did-homeowners-in-atlantis-enjoy-being-underwater/

Sep
06

Subsidizing Stupidity

Why do taxpayers subsidize student loans and public universities?  The argument goes that there are positive externalities associated with education.  Educated people are supposedly better citizens.  They commit fewer crimes, are less likely to need public assistance, and give more money to charity.  Still the primary beneficiary of an education is the person who gets …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/09/06/subsidizing-stupidity/

Aug
24

The US Tax Code: An Exercise in Group Think

The US government is one of the most discriminative organizations in existence.  I’m using the word discriminative to describe the action of treating people who are the same, differently.  Illegal you say? Hardly.  Let’s assume that Mr. and Mrs. Smith are blessed with quadruplets.  Their daughters, Emily, Madison, Olivia, and Catherine all grow up, go …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/08/24/the-us-tax-code-an-exercise-in-group-think/

Jun
07

Economics and Language: A letter by any other sound should be eliminated

The English alphabet is too long.  It contains letters that have no unique sound and therefore unduly complicate spelling.  It’s time that we improve the alphabet’s efficiency.  Why mess with tradition you ask?  Here at Capitalism Today, we believe in constant improvement.  Economic growth comes both from invention and innovation.  We don’t plan to make …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/06/07/economics-and-language-a-letter-by-any-other-sound-should-be-eliminated/

Apr
21

E Pluribus Unum for the Good of Whom?

Monopolies are not typically good for consumers. When few close substitutes exist for a good, monopolistic providers have increased pricing control and can raise prices on consumers. As long as there is freedom of entry and exit in the market, monopolistic pricing power is constrained by the fear that high profits will induce new competition …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/04/21/e-pluribus-unum-for-the-good-of-whom/

Jan
01

“Reasonable” Persons and Caveat Emptor

Economic actors all have roles to play. The role of business people is to produce goods and services that people find to be wealth/happiness increasing. The role of governments is to define and enforce property rights. The role of consumers is to save and consume in such a way as to maximize their wealth/happiness. These …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2011/01/01/%e2%80%9creasonable%e2%80%9d-persons-and-caveat-emptor/

Dec
28

Economic Victimhood

I stayed up “too late” watching North Face (2008) last night. The movie is about mountain climbers in the 1930’s. The relevant subplot that tweaked my interest revolved around the newspaper reporter who was only interested in a mountain climbing story if either one of two events occurred: a successful ascent of The Eiger, or …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2010/12/28/economic-victimhood/

Dec
17

Twas the Night Before the Bond Traders Stole Christmas

T’was the night before Christmas and all through the land People were wanting more cash in their hand. Once, their stockings were full, paid by credit card debt Now they hung empty, filled with no more than regret. The children were nestled in designer PJ’s While visions of IPADs, induced a blank daze And mamma …

Continue reading »

Permanent link to this article: http://wkubbtcenter.com/2010/12/17/twas-the-night-before-the-bond-traders-stole-christmas/

Older posts «