Economy

Creative Destruction in U.S. Manufacturing

By Marc Comtois | February 22, 2009 |

Both Justin and I have recently posted about the RI employment market, with a particular focus on manufacturing jobs. In the February 23 edition of National Review, Jim Manzi has an interesting piece on the decline of manufacturing in the U.S. Except, as Manzi explains, it hasn’t. Manufacturing jobs have declined, but output is the…

Calling All Economics Experts…

By Carroll Andrew Morse | February 19, 2009 |

Would anyone with an understanding of markets and finance — I know we have a few people qualified on this subject in our reading audience — like to take a stab at filling in the details about the relationship between deficits, monetary policy and interest rates that former White House (under Reagan) and Treasury Department…

Some Cheering Perspective

By Justin Katz | February 17, 2009 |

I’m not saying that we’re imagining outsourcing, automation, and other economic factors, but it’s nice to read such things as this from time to time: It may seem like the country that used to make everything is on the brink of making nothing. In January, 207,000 U.S. manufacturing jobs vanished in the largest one-month drop…

Welcome to the Era of Dependency

By Justin Katz | February 15, 2009 |

I have a question. Once the dust settles on the big grandchildren’s money drop heading the states’ way, how is our failed public finance system going to maintain all of this on top of the infrastructure and assets that it currently struggles to keep in one piece? To Providence Mayor David N. Cicilline, new federal…

The Public/Private Disconnect

By Marc Comtois | February 13, 2009 |

What takes up 10% of my weekly paycheck? Family health care, that’s what. And that’s just my share. My employer kicks in some, too. Like so many other employees of small businesses, my company had to health-plan shop again this year to find a way of keeping costs down. In our case, the health care…

OPEN FORUM: So Whaddya gonna do with your $13?

By Marc Comtois | February 12, 2009 |

Hey, looks like the average Joes and Jills are going to get a whole $13 extra a week thanks to the “stimulus” bill. So, what are YOU gonna do with all that extra coin?

CBO analysis of House-passed porkulus bill

By Donald B. Hawthorne | February 11, 2009 |

Here. Sometimes pictures do tell more than words can say.

Correcting Myths About The Great Depression

By Donald B. Hawthorne | February 11, 2009 |

Burton Folsom, Jr. on the Great Depression. Read his book.

The Healthcare Trojan Horse in the Porkulus Bill

By Donald B. Hawthorne | February 10, 2009 |

Betsy McCaughey writes: …Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department. Senators should read these provisions and vote against them because they are dangerous to your health.…

Forbes: America’s Two Nations

By Marc Comtois | February 9, 2009 |

Forbes magazine examines the difference between America’s private and public sector (H/T): In public-sector America things just get better and better. The common presumption is that public servants forgo high wages in exchange for safe jobs and benefits. The reality is they get all three. State and local government workers get paid an average of…

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