I just found a site that should prove of particular interest to students of American economic and business history: The Etsy Blog. They call themselves "anthropologists of commerce." The article I found tells of the century long evolution of a "cheap dress". Really it's the evolution of women's clothing from do-it-yourself to ready-to-wear knock-offs of … Continue reading Story of a Cheap Dress (and an Economy, too)
Day: June 2, 2011
The Public Debt Is Rising Because Of Tax Cuts and Wars
In past posts, I've emphasized that tax cuts don't really generate greater revenues for the government except under the most unusual circumstances. Tax cuts do exactly that, they cut the taxes available to the government. And that is one of the three big reasons why the U.S. government is running large deficits today and has … Continue reading The Public Debt Is Rising Because Of Tax Cuts and Wars
Ruh-Roh Raggie, Trouble On Employment
Well while I've been away from posting the last few weeks, things are starting to not look good. Two months ago I was concerned that the "recovery" was going to proceed at a normal growth rate and effectively close out those already unemployed from employment. I even have a draft long post about it called … Continue reading Ruh-Roh Raggie, Trouble On Employment
Debt Ceiling: Kabuki Theater of the Absurd
Tuesday evening the House of Representatives voted on whether to raise the so-called "debt ceiling". It was pure charade. No, it's worse. It's kabuki theater of the absurd. First off, the House Republican leadership knows it's only for show. The reality is that Congress will vote to raise the limit later this summer. They have … Continue reading Debt Ceiling: Kabuki Theater of the Absurd
EconProph 