THE NATIONAL DEBT is somewhere north of $20 trillion. People do not really understand a trillion. If you pay back a million dollars at $1 a second, that would take a little less than 12 days. To pay back a billion dollars at $1 a second will take 32 years. To pay back a trillion dollars at $1 a second will take 32,000 years. The D.C. establishment likes to throw around big numbers. We as a nation are so far in debt I doubt we will ever get it paid off.
I reject all the big spending plans Biden is proposing now. He likes to say “invest” in this or that. Invest means spend. Just say NO to big spending. We do not need it. We cannot spend our way into prosperity. Big government is the problem, not the solution.
Dallas Fed Economics: Texas economic activity springs ahead as growth strengthens | KLBK | KAMC |
DALLAS (NEWS RELEASE) — The following is a news release from the Federal Reserve Bank of Dallas:
Texas economic accelerated sharply, with fiscal stimulus, greater mobility and increasing COVID-19 vaccinations driving the improving outlook, according to the Federal Reserve Bank of Dallas' latest Texas Economic Update .
"Texas employment rebounded sharply in March, and new jobless claims have seen steep declines," said Dallas Fed Senior Economist Anil Kumar in a video accompanying the report . "Despite strong job growth, the state unemployment rate was unchanged at 6.9 percent in March, which is higher than the national rate, and improvements in joblessness across demographic groups have been fairly uneven."
The pandemic exacerbated inequality: Professor of Economics
Though when you dig in deeper to that Asian unemployment rate, interesting to see the length and how it differs from the Great Recession, just about a decade-- a bit over a decade ago. And for more on that, I want to bring on our next guest here with us. That would be Donald Mar, San Francisco State University Emeritus Professor of Economics joins us right now. And Professor Mar, appreciate you taking the time here to chat.
DONALD MAR: Well, I want to say something about the Asian-Americans overall. Everybody knows that it's a fairly diverse group. And during things like a pandemic shutdown, that the inequality amongst groups gets exacerbated. And so, we look at Asian-Americans, we can see certain manifestations of that inequality. And one of them is the higher unemployment rates that we see.
First meeting of the WHO Council on the Economics of Heath for All
The first meeting of the WHO Council on Economics of Health for All will discuss the Council’s overall mission, expected outputs and ways of working, in order to provide bold and innovative advice to WHO, at the same time, practical, to enable greater investment for health.
Dr Tedros, WHO’s Director-General, announced the establishment of a WHO Council on the Economics of Health for All during the Seventy-third World Health Assembly in May 2020. The Council is led by Chair Mariana Mazzucato, Professor of the Economics of Innovation and Public Value and Founding Director in the Institute for Innovation and Public Purpose at University College London.
Joe Biden and the Democrats' Rediscovery of Trickle-Up Economics | The New Republic
When Republicans began reformulating their tax philosophy in the late 1970s, they looked to their party's policies in the 1920s for inspiration. I remember Jude Wanniski, the late conservative journalist, telling me that he knew nothing about Republican tax cuts in the 1920s until he read about them in Herb Stein's 1969 book, The Fiscal Revolution in America .
Overproduction has long been viewed as the root cause of economic downturns. This was called the " general glut " problem, and classical economists such as Thomas Malthus, David Ricardo, and Jean-Baptiste Say argued about whether it was inherent in the nature of capitalism. Eventually, neoclassical economists concluded that Say was right that the production process created enough income to purchase all of the output.
Indian Vaccine Economics: IP Rights are Not the Real Villain in India's COVID-19 Emergency
"The real blockades to vaccine access [in India] are state inaction, dearth of raw materials and low production capacity…. The current government's failure to communicate realistic potential of the vaccination drive and the need for social distancing led to giving a false sense of confidence to the public, which aggravated the outbreak to the point of systemic collapse."
Unfortunately, reports that stock had run out followed shortly in several states. States like Maharashtra and Delhi had to keep the drive on hold. Bengaluru also faced supply problems ahead of the drive.
FTC Appoints Wosińska to Bureau of Economics; DOJ Acquisition Settlements
In AMG Capital Management, LLC v. FTC , the U.S. Supreme Court, in a unanimous decision released on April 22, 2021, overturned years of lower court rulings, finding that Section 13(b) of the FTC Act does not authorize the FTC to seek, or a court to award, equitable monetary relief such as restitution or disgorgement.
In a statement issued the same day as the Supreme Court's ruling, Acting Chairwoman Slaughter said: "In AMG Capital, the Supreme Court ruled in favor of scam artists and dishonest corporations, leaving average Americans to pay for illegal behavior. With this ruling, the Court has deprived the FTC of the strongest tool we had to help consumers when they need it most. We urge Congress to act swiftly to restore and strengthen the powers of the agency so we can make wronged consumers whole.
The economics of movie product placements
In the 2000 film Cast Away , Tom Hanks' co-star isn't Leonardo DiCaprio, Meg Ryan, or some other A-list actor.
Throughout the film, the volleyball enjoys 10.5 minutes of screen time worth an estimated $1.85m+ in advertising value. And for this exposure, Wilson paid a grand total of $0.
Each year, hundreds of brands — cars, computers, clothing, kitchen appliances, and lawn chairs — grace the silver screen.
Olivia Nandkeolyar – Economics – Old Gold & Black
"My mom has a Ph.D. in economics so I kind of thought, 'maybe I'll take 'Econ 150' and see what all the hype is about,'" Nandkeolyar said. "And then I took it and I really loved my professor. I loved how economics explains the world, how it really simplifies models and is really able to explain consumer behavior. And from that, I kind of went with it. I've been taking classes in [economics] ever since."
Exactly what this will be remains to be seen. First, Nandkeolyar will be working for CVS Health in their general management leadership program before she begins searching for MBA programs. While she is excited to take her next step professionally, she doesn't think that she is ready to leave Wake Forest quite yet.
UofM Flint economics professor breaks down U.S. jobs report | WEYI
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