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High school dropouts with no jobs or else minimum-wage jobs cannot afford to buy housing. They have no money for down payments. They have rotten credit scores. They don’t pay their bills on time. So, they must rent in shabby neighborhoods. They have to live next door to people just like them. They resent this. […]
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Where to retire? Do you want safety? Do you want a pleasant environment? Do you want lots of free services? Do you want to be around younger people with a future rather than geezers with fading memories of the good old days? Retire close to a college. There, unreality reigns supreme. For details, click the […]
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The White House is leaking like a sieve. Why should conservatives worry about this? The federal government does everything it can to increase the secrecy of its operations. It invades our privacy, but it whines when any of the rest of us invade the privacy of government bureaucrats. I am all in favor of WikiLeaks. […]
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Trump says he wants higher tariffs. I hope Congress refuses to cooperate. Here’s why. Whenever the government intervenes, there are winners and losers. Follow the money. A popular slogan in favor of tariffs is this one: “Tariffs protect Americans.” It is an accurate slogan. The question is: “Which Americans are protected?” Another question is: “Who […]
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Take a look at this chart of the wealth of nations. It was published here This chart indicates just how dominant the United States of America is economically. Whenever you hear about the decline of the United States in terms of productivity, especially manufacturing, please keep in mind this chart. China is catching up in […]
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February 2017 marked the 50th anniversary of my first published article. The article appeared in The Freeman: “Domestic Inflation versus International Solvency.” Just for the record, according to the inflation calculator of the Bureau of Labor Statistics, the consumer price index in the United States has risen by a factor of 7.3 since 1967. I […]
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I had specific suggestions for Trump on how to run his press conferences. Obviously, he did not take my suggestion seriously. I doubt that he ever saw this. In a recent tweet, he identified the media as the enemy of the American people. That threw down the gauntlet. The media are surely enemies of Trump. […]
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I have completed the first draft of Christian Economics: Student’s Edition. It is about 220 double-spaced pages. When typeset, it will be under 180 pages. I hope it will be 155 pages, plus an index. This book covers the basics of economics, but in an unfamiliar structure. It is structured by the five-point biblical covenant: […]
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“You can’t beat something with nothing.” That is an old slogan out of American politics. It applies to all of life. In every philosophical system, there is a pro and a con. There is a benefit and a liability. There is something to be attained and something to be avoided. There are positive sanctions and […]
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Economist Walter Williams points out the following: In his 2012 State of the Union address, President Barack Obama boasted that “over 1,000 Americans are working today because we stopped a surge in Chinese tires.” According to a study done by the Peterson Institute for International Economics (http://tinyurl.com/jdtbktu), those trade restrictions forced Americans to pay $1.1 […]
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