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 …
Category Archive: Micro related
Permanent link to this article: http://wkubbtcenter.com/2012/08/24/too-big-not-to-fail/
Permanent link to this article: http://wkubbtcenter.com/2011/11/07/stop-drop-and-roll/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/10/03/homeownership-is-over-rated-did-homeowners-in-atlantis-enjoy-being-underwater/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/09/06/subsidizing-stupidity/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/08/24/the-us-tax-code-an-exercise-in-group-think/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/06/07/economics-and-language-a-letter-by-any-other-sound-should-be-eliminated/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/04/21/e-pluribus-unum-for-the-good-of-whom/
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 …
Permanent link to this article: http://wkubbtcenter.com/2011/01/01/%e2%80%9creasonable%e2%80%9d-persons-and-caveat-emptor/
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 …
Permanent link to this article: http://wkubbtcenter.com/2010/12/28/economic-victimhood/
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 …
Permanent link to this article: http://wkubbtcenter.com/2010/12/17/twas-the-night-before-the-bond-traders-stole-christmas/
Twelve Week Agenda
- No events listed in the next 12 weeks
- Where have Kentucky’s Workers Gone?
- The Macro Economy, Education, and Race in Employment
- Kentucky’s Labor Market Ranks 49th
- Youth Employment and The Last 30 Years of the Minimum Wage in the United States
- Should We Transfer Money from the Top 1%?
- The Lack of Slavery May Be Hurting Economic Growth; Or, How to Miss the Forest of Human Flourishing for the Trees of GDP Growth.
- The Rest of the Story: Employment Recovery?
- Give, Share, and Take are not Synonyms
- Kentucky’s Budget and Tax “Reform”
- Seven Habits of Highly Effective Economies