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Category Archives: Economy
Minimum Wage, Maximum Stupidity
Minimum Wage, Maximum Stupidity By Doug French, Contributing Editor The minimum wage should be the easiest issue to understand for the economically savvy. If the government arbitrarily sets a floor for wages above that set by the market, jobs will … Continue reading
Posted in Doug French, Economy
Tagged congressional budget office, jobs, minimum wage, ron unz, unemployment
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The Decline and Fall of the Stroh Family Beer Business
Great wealth, like the seasons, is ephemeral. One generation accumulates it. While another burns through it. The difference is dependent upon whether one has a short or long time horizon. Do they save some seed corn for the next grow … Continue reading
Posted in Economy, MN Gordon
Tagged bernhard stroh, debt, detroit, schaefer, schlitz, stroh brewery company
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Slip Back Economics
What’s this? Has the U.S. consumer, the primary engine of economic growth, become ambivalent? This is what the latest data says… According to the Thomas Reuters/University of Michigan’s early July index reading, consumer sentiment is 81.3. This is below the … Continue reading
Posted in Economy, MN Gordon
Tagged consumer sentiment, GDP, jobs, john maynard keynes, QE3
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Wealth Consumption
There aren’t many professions out there where there are no readily applied and real-time performance standards. In fact, in the corporate world today, there’s a fanatic fixation on tying numerous metrics to performance. You name it… If it’s measurable, verifiable, … Continue reading
Posted in Economy, MN Gordon
Tagged consumer price index, government meddling, interest rate, janet yellen, treasuries
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