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Category Archives: Economics

It’s not an "anti-college" debate

Let’s start with a simple question: if I recommend that you buy a PC over a Mac, am I anti-Mac? I think a lot of us would probably say No, especially if the context of that question includes a small discussion of your needs. Personally I have recommended Macs to people over PCs, but that […]

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Giving the gift of well-being

Ah Christmas. Certainly a great time of year, where people are generous – or at least try to be – and people become upset at the gifts others thoughtfully bought them. That’s why December 26th is the day customer service departments all across the country loathe. So how can you prevent your gifts from being […]

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It’s partly a numbers game

Let’s do some math, but first, we need to define some terms. Expenses and expenditures are two words that can be used interchangeably, and basically it’s money that a company spends. Wages and salaries are expenses. For the sake of simplicity, I’m not going to differentiate between (tax)deductible and non-deductible expenses. Income and revenue are […]

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5 Steps for Funding Your Kid’s College Education

One thing that I find rather troubling is this persistent idea that parents must pay for their kid’s college education. Recently Nicole Seghetti, a contributing writer on "The Motley Fool", penned an article called "5 Simple Steps for Funding Your Kid’s College". Her list was these items: Develop your goal Understand your options Star saving […]

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MMOs and economics

Recently Cracked.com decided to tackle the subject of MMO – massively-multiplayer online games – in an article called "5 Ways Video Games are Saving Mankind". Point #5 in the article caught my attention: "You can learn fascinating things about the economy from MMOs": You wouldn’t think you could learn a lot about society just by […]

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The socialist parking lot

Here in Kansas City we recently had a snow storm come through that dropped nearly a foot of snow on us. As such, for much of today, people were taking time clearing the snow as best they can. I live in an apartment complex without assigned parking, meaning the parking space I clear out to […]

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Student loan smokescreen

President Obama’s latest focus on student loans is a vapid response to the unemployment issue: We should be doing everything we can to put higher education within reach for every American — because at a time when the unemployment rate for Americans with at least a college degree is about half the national average, it’s […]

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Trading one religion for another

While it is uplifting to read of more and more teenagers "seeing the light" and leaving Christianity or whatever religion held their mind captive, what I’m seeing as a side-effect of this is certainly not uplifting. And the best way I can summarize this side-effect is basically to call it "trading one god for another". […]

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Creating Jobs 101

In the current unemployment climate, the one piece of empty rhetoric you constantly hear is "creating jobs": "Obama created jobs" "Bush’s tax cuts didn’t create any jobs" And yet when you look around, unemployment is still very high, underemployment is high, and many people are scraping the barrel to make ends meet. "Where are all […]

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An observation

First, let’s define a couple things. Pure capitalism and the free market mean that the market participants determine who of the market competitors survives. The competitors must adapt to a change in demand, try to change the demand in their favor, or die trying. Capitalism has been vulgarly called "economic Darwinism". Natural selection says virtually […]

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