I guess chasing all the capital out of the country wasn’t such a good idea. Those 6 weeks of government mandated vacation sure were good while they lasted.
Tag Archives: capital
Washington DC: Crony Capitalist Boomtown
As we have said many times before, Washington DC is a boomtown fueled by taxpayer dollars. Its business is extraction. You people who actually make things out in the provinces? Yes, here’s a tax for you, and some money for us.
Do We Live in a “Hunger Games” America?
In an article entitled Washington, DC, The Land of the Well Educated Rent Seeker, I say that Washington, DC reminds me a lot of the gleaming capital in The Hunger Games movie.
Obama: The President’s Job is Not to Maximize Profits
It is not news that President Obama does not understand economics. Nor is he alone in not understanding the role of profits in an economy. But anyone who wants more employment will want to maximize profits. Profits are a leading indicator for employment. If businesses are making more profits, they will have the money to pay workers, give raises, and above all hire new workers. Moreover the profits will give the businesses an incentive to do all these things.
