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Posts tagged as “economics”

John Fishback on Moral Hazard, Cottonwood Coffee, and Debate Coaches

Did someone say "moral hazard"? Time for some brain TV! "Tie-wearing management consultant" (his description) and really smart Brookings dude (mine) John Fishback presented the following talk at the first TEDx Brookings event in February. He talks about the term…

$8.50 an Hour? Peanuts! Reich Says Workers Deserve $15 Minimum Wage

South Dakota Democrats campaigning for the initiative to raise South Dakota's minimum wage can turn to economists for support. Economists pretty strongly favor raising the minimum wage. They generally take the position laid out by Brad DeLong that wealth has…

IMF: Lowering Income Inequality Doesn’t Hamper Growth

Redistribution, please: So does reducing inequality through redistribution hurt economic growth? Not according to two landmark studies by economists at the International Monetary Fund, which is hardly a leftist organization. The first study looked at the historical relationship between inequality…

Experts: Northern Beef Packers Not Viable; Failure Part of the Plan?

Jonathan Ellis dedicates a few inches of this morning's Sioux Falls paper to telling us that the business plan for Northern Beef Packers never made sense and never will. Mike Keller, dean of the USD business school, thinks bankruptcy auction…

Obama Beats Bushes on Private-Sector Job Growth; Public Sector Shrinks

Calculated Risk offers two instructive charts on private-sector and public-sector job growth under the last five presidents. First, the private sector: So far, the economy has created more private-sector jobs under President Barack Obama (dark blue line) than it did…

Keystone XL Lowers Home Values, Raises Oil Prices

Why would South Dakotans want to let TransCanada run another tar sands pipeline through their backyard, when even a federal pipeline safety official says he wouldn't buy or build a house along the pipeline route? The official, Bill Lowery, is…

Pope Francis Knocks Consumerism, Trickle-Down Economics

One fellow you won't be seeing at the mall on Black Friday: the Pope! Pope Francis I issues this hefty apostolic exhortation against consumerism and the idolatry of money: The great danger in today’s world, pervaded as it is by…