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Thursday, May 23, 2013

Monthly Archives: December 2012

Carpe Diem

Some clear thinking on the national debt and the real fiscal problem: Government’s spending on entitlement programs

Mark J. Perry | December 31, 2012, 5:58 pm

Scott Grannis provides some refreshingly clear and cogent thinking about why it’s not repaying the swelling national debt that necessarily by itself creates a problem for the U.S. economy; rather it’s the government’s increasing spending on unproductive programs in the … read more >

281
texasoil
Carpe Diem

Updates on America’s booming energy sector

Mark J. Perry | December 31, 2012, 10:34 am

America’s energy industry continues to be one of the strongest engines of growth for the U.S. economy, thanks to the advanced drilling technologies that have given energy companies access to oil- and gas-saturated shale rock formations from Texas to North … read more >

29
Carpe Diem

Markets in everything: Child-size bulletproof vests

Mark J. Perry | December 31, 2012, 9:08 am

DAILY MAIL — “A Colombian company that makes stylish bulletproof clothing has launched a new line of child-sized vests and backpacks in the wake of the elementary school massacre in Newtown, Connecticut. “Miguel Caballero says his firm will begin making … read more >

63
Carpe Diem

US shale oil boom is fueling a huge boom for railroads, with oil shipments by rail doubling in just two years

Mark J. Perry | December 29, 2012, 4:46 pm

According to the Association of American Railroads, shipments of oil by rail this year will top 540,000 carloads, which will be a 46% increase over last year’s count of about 370,000 carloads.  And the number of train cars carrying oil … read more >

46
Carpe Diem

P.J. O’Rourke on the fallacy and evil of zero-sum thinking

Mark J. Perry | December 29, 2012, 10:58 am

P.J. O’Rourke writing in yesterday’s WSJ on the fallacy and evil of “zero sum thinking”: Mr. President, the worst thing that you’ve done is that you sent a message to America in your re-election campaign that we live in a … read more >

78
Carpe Diem

Why does Cuba buy butter from New Zealand, which is 8,000 miles away? ‘Crony socialism’

Mark J. Perry | December 29, 2012, 9:13 am

In a post titled “New Zealand Butter,” Cuban blogger Yoani Shanchez tries to explain why Cuba has so many expensive basic food items from faraway places, like the butter that comes 8,000 miles from New Zealand and the rice that … read more >

18
Carpe Diem

Friday afternoon links

Mark J. Perry | December 28, 2012, 4:25 pm

1. Rail traffic for the week ending December 22: Carloads of Lumber +23%, Oil +71.5% and Motor Vehicles +23%, all vs. the same week last year. 2. U.S. oil production for the week ending December 21 increased by 19.5% vs. … read more >

11
Pethokoukis

The best and worst economic ideas of 2012

James Pethokoukis | December 28, 2012, 2:38 pm

The votes have been counted. The supercomputers have run their calculations. Experts from around the world have been consulted. And I have chosen. So here you go, the best economic idea of 2012 … and the worst economic idea of 2012. … read more >

6
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Economics, Pethokoukis

In 2002, CBO predicted 2012 US debt would be 7.4% of GDP. In reality, it was almost 74% of GDP

James Pethokoukis | December 28, 2012, 9:40 am

Making economic and budget predictions is hard, especially when wars, recessions, and financial crises pop up unexpectedly. Here’s the Congressional Budget Office’s ten-year budget forecast from 2002 (note that this was after the Bush tax cuts were passed): And here’s what actually … read more >

83
Carpe Diem

Kenyan economics expert: Development aid is one reason for Africa’s problems, so for ‘God’s sake, please just stop’

Mark J. Perry | December 28, 2012, 8:51 am

From a Spiegel interview with Kenyan economics expert James Shikwati: SPIEGEL: Mr. Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa… Shikwati: … for God’s sake, please just stop. SPIEGEL: Stop? The industrialized … read more >

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