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Saturday, May 25, 2013

Daily Archives: January 8, 2013

Carpe Diem

Energy charts of the day

Mark J. Perry | January 8, 2013, 10:17 pm

1. Thanks largely to the recent significant increases in the domestic production of fossil fuel energy (oil and natural gas), the U.S. was more energy self-sufficient in 2012 than at any time in the last two decades.  Based on data … read more >

22
Carpe Diem

Energy fact of the week: As a separate country, the US oil and gas industry would be the 16th largest economy in the world

Mark J. Perry | January 8, 2013, 6:50 pm

Q: How big is America’s oil and natural gas industry, and how important is that sector to the US economy? A: Very big and very important, according to a recent study by PricewaterhouseCoopers titled “Economic Impacts of the Oil and … read more >

24
Image Credit: REUTERS/Kevin Lamarque
Foreign and Defense Policy, Terrorism

Fighting terrorists does not equal fighting terrorism

Phillip Lohaus | January 8, 2013, 5:08 pm

As he welcomed his cabinet in 2009, Obama promised that “transparency…would be the touchstone of [his] Presidency.” That was then, this is now. With the appointment of drone warfare advocate John Brennan, Obama has wholeheartedly embraced the quieter, less transparent … read more >

3
Economics, Pethokoukis

Former Bush II economist: Trillion-dollar platinum coin ‘better than the alternatives’ if US reaches brink of default

James Pethokoukis | January 8, 2013, 4:20 pm

Donald Marron was a member of President George W. Bush’s Council of Economic Advisers. Currently, he’s director of the Tax Policy Center. Regarding the trillion-dollar platinum coin idea, he finds the legal arguments against it “weak at best,” and the … read more >

5
Economics, Pethokoukis

Former boss of US Mint on trillion-dollar platinum coin: ‘Good luck with that’

James Pethokoukis | January 8, 2013, 3:38 pm

An earlier blog post of mine quoted the 35th director of the US Mint on the idea of a trillion-dollar platinum coin. Said it was legal and doable. But the 38th director, Edmund Moy, has big doubts (via CNBC): First, … read more >

8
Society and Culture, Education, Pethokoukis

Another good sign for online college education

James Pethokoukis | January 8, 2013, 3:26 pm

Online college courses are expanding rapidly. A new study examines the learning outcomes for college students enrolled in Econ 101 courses, comparing traditional face-to-face courses with those that also included an online component. “The effect of blended courses on student learning: … read more >

Reply
Economics, Pethokoukis

Are the ‘good jobs’ in America really disappearing?

James Pethokoukis | January 8, 2013, 3:10 pm

High-paying jobs aren’t going away, at least for high-skill workers. But for less educated workers, the folks that used to find quality jobs in manufacturing, things aren’t looking so hot. From the new paper “Are Good Jobs Disappearing in the … read more >

1
West Side of the U.S. Capitol Building
Politics and Public Opinion, Polls

Congress less popular than head lice

Henrik Temp | January 8, 2013, 2:21 pm

Public Policy Polling, the Democrat-aligned polling firm that called the 2012 election more correctly than any other polling organization, has released a new poll today that shows just how unpopular our Congress has become. read more >

1
Economics, Pethokoukis, Taxes and Spending

The coming middle-class tax hit

James Pethokoukis | January 8, 2013, 1:50 pm

Cliff Asness makes several excellent points on taxation and the middle class in his piece for The American. Two in particular I want to highlight: 1. With a European-sized Welfare State comes European levels of taxation. Actually, even-higher levels of taxation … read more >

1
Image Credit: Shutterstock
Economics, Pethokoukis

Would the trillion-dollar platinum coin finally make hyperinflation fears a reality?

James Pethokoukis | January 8, 2013, 12:27 pm

Incredibly, the idea of the US government minting a trillion-dollar platinum coin to evade the debt ceiling seems to be gaining traction. This despite that it amounts to a mega-monetization of the US debt. As economist Josh Hendrickson points out at … read more >

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