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Another reason to watch Seinfeld reruns. Economics lessons taken directly from the "show about nothing." http://yadayadayadaecon.com/clip/67/


The Soup Nazi (The Economics of Seinfeld)
yadayadayadaecon.com
The Soup Nazi makes delicious soup—so good there's always a line outside his shop. He refuses service to Elaine, and by a stroke of luck she comes across his stash of soup recipes. She visits his shop and informs him that his soup monopoly is broken, while waving his recipes in his face. Also in thi…
Wed, 03 Dec 2014 16:15:10 +0000
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Happy Thanksgiving and a hearty huzzah for property rights. https://www.youtube.com/watch?v=66QdQErc8JQ


The Pilgrims and Property Rights: How our ancestors got fat & happy

The Pilgrims founded their colony at Plymouth Plantation in December 1620 and promptly started dying off in droves. As the colony's early governor, William B...
Tue, 25 Nov 2014 16:14:47 +0000
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"Swanson regards the government for which he works as 'a greedy piglet that suckles on a taxpayer’s teat until they have sore, chapped nipples...'"http://www.nationalreview.com/article/392713/hayekian-hoosier-charles-c-w-cooke


Charles C. W. Cooke - The Hayekian Hoosier
www.nationalreview.com
Editor’s Note: This article originally appeared in the November 3, 2014, issue of National Review. However talented he may be, no writer will ever be safe from his audience, for it is they who will eventually pronounce upon his meaning. Ray Bradbury once stormed indignantly out of a class at UCLA a…
Tue, 18 Nov 2014 15:32:43 +0000
Last Refreshed 12/17/2014 1:02:14 PM
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State and Local Spending vs. Private GDP
Posted by Todd Davidson on Friday, June 15, 2012

It doesn't seem unreasonable to call this unsustainable

From Matt Mitchell at the Mercatus Center:

em>State and local governments depend on the private sector for their survival. Almost every dollar that these governments spend is either borrowed or taxed from the private economy. Yet, for more than half a century, these governments have continuously outpaced the growth of the private sector on which they depend.

In the chart below, Mercatus Center senior research fellow Matthew Mitchell uses inflation-adjusted data from the Bureau of Economic Analysis to illustrate the unsustainable growth of [US state and local] governments. The blue line shows the size of the private sector as a multiple of its 1950 value and the red line shows the size of state and local government spending as a multiple of its 1950 value. 

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