Category: Economics
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Next Time Someone Tells You CEO Pay Should go to Employees
We repeatedly see complaints about how much CEOs are paid when the question of minimum wage hikes comes up, with the implication (or outright claim) that if the CEO and executives were paid less, the minimum wage hike wouldn’t be a problem. After running across one of these, I decided to do a little research.…
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A British look at the Euro crisis
Britain in looking smarter than ever for staying with the Pound. We need to resist any attempt to form and “Amero” or something for the same reason. http://www.telegraph.co.uk/finance/comment/jeffrandall/7746806/Whatever-Germany-does-the-euro-as-we-know-it-is-dead.html
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Quote of the Day – Penance Edition
This Congress and Administration aren’t about jobs. It’s about making middle class folks pay for our sins. A permanently reduced standard of living will be our penance. – Sebastian
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Quote of the Day – Worthless Edition
Although they also got a whole bunch of GM stock certificates, which are about as worthless a medium of exchange as Confederate money these days. (Although they’ll probably be as collectible in the future, and for the same reason.) – Tam
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Quote of the Day – Not So Smart Edition
But what else did the statists expect? Taxation is always a net drain on the economy. It always happens, and people always respond to incentives, and yet collectivists are always surprised! At some point, they need to stop considering themselves smart. – pdb
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Quote of the Day – Inflation Edition
Besides, might as well spend it while the dollar is still worth something, right? I mean, the way things are going, we’ll all be billionaires in ten years, and grocery prices will be marked in scientific notation. – Marko
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Quote of the Day – And Everything That Goes With It Edition
And here’s a general rule of life: When you buy an elephant, you can’t refuse to buy the manure that comes with it. You can try, but, soon enough, you’ll be knee-deep in problems anyway. And they’ll continue to pile up no matter how loudly you complain that “this isn’t what I paid for.” –…