The View From 1776

§ American Traditions

§ People and Ideas

§ Decline of Western Civilization: a Snapshot

§ Books to Read

§ BUY MY BOOK

Liberal_Jihad_Cover.jpg Forward USA

Monday, April 30, 2012

Equal Pay For Equal Jobs?

Rachel Maddow, in her daily TV show for April 30, 2012, featured an attack on Republicans as the obstructionists who prevent women from receiving the same pay as men for the same jobs.

Many studies show that women earn less because, among other things, they usually do not stay in the work force as long as men.  Many women leave the workforce to have children and to raise them; many change careers.  To discount this factor one has to dismiss the benefits of skill and understanding of the job acquired with experience.

It also should be noted that labor unions are as “guilty” as any group of enforcing wage disparities between men and women.  See the website for the Coalition of Labor Union Women.

Unions, however, get a free pass from the Maddows of the liberal-progressive world because unions are an iconic element in liberal-progressive ideology and a major source of money and free campaign labor for the Democrat-Socialist Party. 

Buttressing the argument for longevity in the job force, what unions call seniority, as a major element in the men/women wage disparity is the fact that most union labor contracts require higher pay in ratio to time in the job.

Posted by Thomas E. Brewton on 04/30 at 10:49 PM
Economics • (4) Comments
Print this ArticleEmail A FriendPermalink

Sunday, April 29, 2012

The Case For Concern

Michael Pollaro, in the Forbes website, provides the statistical basis for his contention that the Fed’s hyper-expansionist money supply policy will inevitably produce a major business cycle collapse.

Posted by Thomas E. Brewton on 04/29 at 08:50 PM
Economics • (1) Comments
Print this ArticleEmail A FriendPermalink

Friday, April 27, 2012

Macroeconomists Trade Punches

Both of them are dead wrong.

Posted by Thomas E. Brewton on 04/27 at 11:48 PM
Economics • (6) Comments
Print this ArticleEmail A FriendPermalink

Tuesday, April 24, 2012

Dollar Devaluation, Not Weak Regulation, Caused the 2008 Financial Meltdown

See Brian Domitrovic’s analysis on the Forbes website: The Weak Dollar Caused the Great Recession

Posted by Thomas E. Brewton on 04/24 at 09:35 PM
Economics • (0) Comments
Print this ArticleEmail A FriendPermalink

Saturday, April 21, 2012

Common Sense And Experience vs. Robotic Computer Models

An interview, on the Barron’s website, with Professor John Taylor.

Posted by Thomas E. Brewton on 04/21 at 06:18 PM
Economics • (3) Comments
Print this ArticleEmail A FriendPermalink

Wednesday, April 18, 2012

Green Stinkweed Everywhere

Obama Doubles Down On More Solyndras

Posted by Thomas E. Brewton on 04/18 at 09:33 PM
Junk Science • (0) Comments
Print this ArticleEmail A FriendPermalink

The GSA’s Keynesian Stimulus Program

Why are we upset that the GSA spent a reported $823,000 on a party for themselves?

If anything, Paul Krugman and his fellow liberal-progressive Keynesian economic worshippers should castigate the GSA for spending far too little.  After all, it’s a fundamental principle of Keynesian economics that saving (what used to be called prudent regard for the future wellbeing of our heirs) causes economic recessions.

According to Lord Keynes, when workers spend less than what they are paid, each bit of saving reduces aggregate consumption and drags the economy down.  Keynes recommended that government spend as much as possible in order to counter the theoretical drag of saving on the economy.  The nature of government spending, in Keynes’ theory, is immaterial.  Government could employ people to dig holes one day and fill them on another, endlessly repeating this useless activity.

The GSA’s party was in this grand tradition of Keynesian theory.

Posted by Thomas E. Brewton on 04/18 at 01:35 PM
Economics • (1) Comments
Print this ArticleEmail A FriendPermalink

Computer Models Fail To Predict Accurately

Whether it’s Keynesian economists or global warming scientism, computer models intended to restructure reality have proved to be worse than useless.  They misdirect enormous resources of time and money.

Obama’s various stimulus programs, based on Keynesian computer models, have completely failed to deliver economic resurgence (as have all such efforts since their debut in the 1930).  Global warming predicted by leading climate theoreticians like Al Gore have all been very wide of the mark.

As Eric Voegelin observed, liberal-progressives’ gnostic pursuits of earthly perfection don’t change reality, but they have consequences.  Those consequences are not good.

 

Posted by Thomas E. Brewton on 04/18 at 01:16 PM
Junk Science • (0) Comments
Print this ArticleEmail A FriendPermalink

Friday, April 13, 2012

Lower Education In Institutions Of “Higher” Learning

Corrupting Higher Education

Thursday, April 12, 2012

Inflation Still On The Radar Screen

A couple of articles from Forbes:


Ben Bernanke’s Secret Inflation Plan

Keynesian “Easy Money” Is Nothing But Currency Devaluation

Posted by Thomas E. Brewton on 04/12 at 11:34 PM
Economics • (1) Comments
Print this ArticleEmail A FriendPermalink