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September 14, 2005
As with nearly every other major natural disaster, Hurricane Katrina
resulted in short-term higher prices and cries of price-gouging by
politicians and those who are not familiar with how the market…
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August 24, 2005
Recent discussions about housing prices show confusion about what
makes for correct prices. The market sets prices that are correct
when the quantity that people demand of a good or service is equal…
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April 5, 2006
The youth of France are faced with unemployment rates that parallel
those of the general U.S. labor force during the Great Depression,
with about one out of five people aged 18 to 25 unable to find work…
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March 15, 2006
The media love stories about the gap between the rich and poor in
America. But they rarely explore that gap, why it exists, and what
it means.
It is an interesting question whether a…
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February 23, 2006
Its turn-back-the-clock day in the mainstream media and on Capitol
Hill. While polyester and Depeche Mode are far from the rage in
Congressional chambers and newsrooms, an overzealous fear of foreign…
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February 8, 2006
President Bush, in his State of the Union speech, said America was
addicted to oil and the federal government would use billions of
tax dollars to pursue alternative energy sources. Rather than…
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January 11, 2006
The recent economic expansion in the United States bolstered by
news of 2 million jobs created in 2005 and an unemployment rate
below 5 percent is in large part due to the 2003 tax reduction…
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December 6, 2006
One of the priorities of the new Congress, and something approved of by most of the media, is to expand federal grants and loans to college students. While this may sound like a good way to increase access to higher education, it is another…
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November 7, 2007
The media have been concerned about the falling value of the dollar and what may be causing it. One example that hits close to home here in Michigan is that the U.S. dollar is now worth less than the Canadian dollar. This is akin to the Detroit…
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