General Economics

Happy Birthday Frederic Bastiat

Andrew Roth - June 30th, 2010

My favorite frenchman was born on this day back in 1801.  Here’s what he wrote about "legal plunder" in his wonderful essay, The Law:

But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.

Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law — which may be an isolated case — is not abolished immediately, it will spread, multiply, and develop into a system.

The Job-Killing Impact of Minimum Wage Laws

Andrew Roth - June 14th, 2010

Buffett: The American People Believe in Capitalism

Andrew Roth - May 02nd, 2010

The Empire

Andrew Roth - April 28th, 2010

And Now a Word From Larry Kudlow

Andrew Roth - April 06th, 2010

Larry offers up some cautionary advice about the latest jobs number.  Excerpt:

Sometimes you have to take your political lenses out and look at the actual economic statistics in order to gauge whether we’re on the road to recovery or not. Without getting personal, I’m watching many of my friends on certain cable stations attempt to trash the March employment numbers released last Friday. Don’t do it, folks. The numbers were solid.

In fact, while everyone keeps saying that small businesses are getting killed from taxes and regulations out of Washington, the reality is that the Labor Department’s household survey has produced 1.1 million new jobs in the first quarter of 2010, or 371,000 per month. If that continues, the unemployment rate will be dropping significantly.

Additionally, the corporate payroll number increased by 224,000 — not 162,000 — with the prior two months being revised up by 62,000. And if you take out the 48,000 temporary census-worker jobs, it turns out that government employment actually declined in March.

What’s my point? Credibility. Conservative credibility.