Tagged: Economics

It’s still our Father’s world.

We are reminded this week that God made the Earth and all that is in it and that He has dominion over it, the overwrought hand wringing of the Global Warming cabal notwithstanding.

The Administration to lenders: Go along or else.

You have probably never heard of Thomas Lauria. I never had until yesterday. But if he is to be believed (and I believe him), then our government has taken a huge step toward gangster-style thuggery and we should all, Democrats and Republicans, be very afraid. Thomas Lauria is a lawyer who represents a number of investment banks that hold the senior commercial paper of Chrysler Corporation. Senior commercial paper is what you and I would...

Let my people fail.

“…in the good Providence of God, apparent failure often proves a blessing.” — Robert E. Lee It is often said that we in America take our freedoms for granted. Our founders assured us of freedom to worship as we see fit, freedom to speak our minds, freedom to pursue our dreams, freedom to own the fruits of our labor and freedom to criticize and, if necessary, change our government. If we take these freedoms for...

The miracle we take for granted.

The market has been dropping like a stone, incinerating trillions of dollars worth of wealth in the process. To begin to understand why, let’s go to the grocery store. I love the grocery store. The grocery business is so intensely competitive and the margins are so razor thin that you have to be very, very good at what you’re doing to succeed in grocery retailing in America. As a consequence, our grocery stores are just...

Spending a trillion dollars used to take time.

I hate talking numbers. If you’re not careful, talking numbers in a forum such as this can become a crashing bore. But the times dictate a conversation on numbers and I’m going to do my best to keep everyone engaged. Let’s talk money. We’re going to play a little time and money game. Imagine that you are spending money at the rate of one dollar a minute. But instead of moving forward in time with...

Those working-at-the-car-wash blues.

At midnight Wednesday, base labor in America became worth 70 cents per hour more than it had been just one minute before. Just like that, an employee making $5.85 an hour began making $6.55 an hour, the new federal minimum wage. That’s an increase of twelve percent. Wow! Isn’t that great? If you have employees earning the minimum wage, they’re worth more today than they were when you went to work on Wednesday. A twelve...