$10,000 15-year, $0 interest loans A new phenomenon has hit the US since the Covid 19: minivans filled with families are lined up for blocks asking for food. They are driven by people used to be making $100,000 a year, and now they don’t have food for their kids. Their businesses have been shut down or they have run out of customers. Workers are laid off from their … [Read more...] about Give Everyone a Loan
Note: this article is based on a New York Times Op Ed essay in July, 2016. As if we didn’t have enough troubles already. On this Op Ed page, a knowledgeable writer in the field stated that we’re running out of sand. I never thought of sand. He said that virtually all the new construction in the world uses sand, since most of the buildings use concrete. Also, roads … [Read more...] about No Sand – 7/16, updated 8/20
Some people, including Paul Krugman of the New York Times, claim that economics is so complicated that the average person can’t understand it. This may be true. But it also may not be true. The anti-thesis of the idea that economics is complicated is Caruso Economics. This is the economics of, say, two small islands with, say, 100 people on each island. What is the best … [Read more...] about Economics is Simple
Note: this article was originally written in 2015. It was updated 11/1/2017. In the election of 2012 between President Obama and Mitt Romney, the left demonized Romney as a cold-hearted liar who cares nothing about the poor and who will do or say anything to get elected. They demonized rich Americans as well. However, a simpler way of looking at who supported … [Read more...] about Who Pays Taxes? Who Benefits?
China Expands its Power While the West is obsessed with “jobs, jobs, job,” – that is, economic growth – and while its leaders are obsessed with winning the next election, China is quietly taking over the world’s economy. And, as a consequence, they are moving towards their hoped for eventual dominance of the world (the goal of many great nations throughout … [Read more...] about China on the Move