The Economist Who Predicted Obamacare’s Hit to Jobs

    On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Janet Yellen’s first trip to Capitol Hill as head of the Fed, the economist who predicted CBO’s Obamacare job loss numbers and if we are doomed to become Europe.

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    Obamacare And The Freedom To Do Nothing

    There’s an irony in the GOP complaining that ACA lets people quit jobs. I mean, what’s wrong with freedom?

    – (HT: The Huffington Post)*

    So what is wrong with freedom? I’m not sure. There hasn’t been too much of it running around loose lately. Most people who think otherwise haven’t gone through DCA around 1PM any time in the last 12 years. I kid. It’s a quote from the Huffpo. I had a hard time taking that rhetorical question above any more seriously than I’d take an old Andy Kaufman routine. The important question to ask would be this: “What in the name of Glorious and Sacred Obamacare has brought forth such a bilious wellspring of Progressive brain waste?”

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    The @NYTimes Touts 2.5 Million Full Time Job Losses as a Win

    The @NYTimes Touts 2.5 Million Full Time Job Losses as a Win

    This morning I caught an editorial from the New York Times which just blew my mind. In light of the news that the CBO has identified 2.5 million full time jobs that will go away as a result of Obamacare, the paper of record let everyone know that this is working as intended. The Congressional Budget Office estimated on Tuesday that the Affordable Care Act | Read More »

    What President Obama Will Predictably Get Wrong About Global Warming In Tonight’s State of The Union Show

    Do the scientists and politicians that strongly seek to reduce Greenhouse Gasses want this goal enough to badly jeopardize US relations with Russia, China, South Korea and India? Are they so concerned about this problem that they would willingly pursue a diplomatic and trade strategy that would potentially provide any nations casus belli similar to that cited by Japan to justify the December 7, 1941 | Read More »

    Missing the lessons of the NC unemployment “experiment.”

    Missing the lessons of the NC unemployment "experiment."

    Let me get some housekeeping out of the way first. I wrote an article last year when the cutting of unemployment benefits was first proposed which made some on the left angry. Most that were upset with my take (that generally speaking, it would be good for the economy to cut it) missed the entire point which, in fact, was not an economic argument as | Read More »

    Washington’s Income Inequality Debate

    On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the debate over income inequality, the difference between rich and poor in America and if there is a way to bridge the gap.

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    Farm Bill Subsidies and the Price of Your Groceries

    On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the fluctuating price of corn, how farm bill subsidies impact your grocery bill and why you’re getting screwed when you buy a bag of coffee.

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    US Job Market: Cloudy With A Chance of Expletive

    The December 2013 jobs report was about like the December 2013 weather. It was cloudy with a chance of Expletive. Depending on whose estimate you trust more, the models missed reality by 113 to 151 thousand. I’ll credit the BLS with not hiding the decline and admitting this one was a stinker. Contrary to expert opinion, I think it would have been a stinker regardless of what fell out of the sky. If the current set of conditions indicates recovery, God preserve me from an economic relapse. I’ll detail my reasoning below.

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    Jobs Report: Lowest Labor Force Participation Rate Since 1978

    On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the December 2013 jobs report, the Fed’s possible reaction and how temps are hurting manufacturing employment.

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    Obamacare Has No Financial Controls Whatsoever

    Given the Obama administration’s latest claim that 2.1 million have signed up nationwide, that means as many as 700,000 Americans* might falsely believe they have a current health insurance policy.

    (HT: Daily Mail)

    Bad things happen to the leadership of large organizations who fail to control how money flows between the organization and its customers. Furthermore; bad things pretty much deserve to happen to people who fail to institute rigorous financial controls while running large organizations. The PC way of describing this would be an adverse professional outcome. Simple folk like little, ol’ moi’ refer to this as karma. In the pathetic case of our current HHS Secretary Kathleen Sibelius, karma should be what’s for breakfast – scattered, covered and chunked.

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    Microsoft Exec To Oversee Photoshop This!

    Microsoft Exec To Oversee Photoshop This!

    Today we found out that former Microsoft executive Kurt DelBene is the new man at the helm of government Titanic Healthcare. gov. And that’s just part of the picture. The president is meeting with all kinds of tech giants, including Apple, Google, and AT&T, trying to figure out some way, any way, to right the ship. We’ve had fun with Obamacare photoshops here at RedState | Read More »

    The Monster In The Mirror: Dark Enlightenment On Why People Hate The West

    I can see the merit of gaining a reasonable comprehension of why people would willing let themselves be subjected to vile indignity until more explosives could be inserted as a suppository for when they blew themselves up in our general vicinity. The unsentimental former Soldier in me considers the mundane obvious. More explosives equals higher P(h)*P(k)*. Quaint; but this doesn’t quite give us the whole story.

    Somebody has to actually be willing to accept a truly uncivilized level of personal depravity and denigration to earn that higher P(h)*P(k). Can you think of anyone that you actually know and interact with that you hate that much? Can you imagine any enemy of non-biblical proportions that you would hate that much on general principles? When our enemies are willing to suffer vile and repulsive things so that they can blow us up; then they see something terrible when they look upon us. I can only reach the logical conclusion that we have quite the image problem. When you are given the gift to see yourself as others see you, you will quite probably encounter The Monster in The Mirror.

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    Obama’s Inequality Sophistry Is a Recipe for Misery

    Inequality sucks when you’re on the wrong side of the greater than symbol. I’ve been there before and can empathize. However, a government aimed at ending inequality is unpractical, immoral and an aberration against the laws of nature. This sort of government is impractical because you cannot make the lowest and least motivated get off their butt in a nation where slavery has been abolished. People will ultimately only rise as high as they are willing. This push to unconditionally end inequality is immoral because it rewards the slack and the expense of both the willing and the most capable. It punishes the continued exertion of both will and ability. It is unnatural because it believes that a world of totally equal and totally unmotivated people will magically generate the capital necessary to create jobs for all the new recipients of equality being born every day. This doesn’t happen – job creation is a function of capital accumulation. Therefore President Obama may mean well by ending inequality, but he isn’t even remotely oriented in the right direction to improve America’s economic future.

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    WWGO – December 2, 2013

    Today’s topics: global warming, advent trees, Super Bowl ads, and das #WHYouth. BONUS: Picture of my puppy!


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    Janet Yellin’s Predicted Monetary Policy And The Tragedy Of The Commons

    Garret Hardin’s intellectual popularity was a product of the Malthusian Fallacy. This doesn’t mean that he was analytically unintelligent. Even when Ptolemy argued the world was flat, given his data set he had a mathematical point that had to be systematically refuted by Copernicus, Kepler, Newton et al. Hardin makes the same sort of economic point, in his seminal piece “The Tragedy of The Commons” even if he is has been proven wrong about it with respect to human overpopulation.

    Hardin argues that commonly held property will be exploited without conscience because the costs thereof are not directly visible to those who use the property. The end result of this exploitation will be systemic failure as the exploitation is inexorably extended to a logistical limit beyond which a meta-stable economic system can no longer attain sustainable equipoise. Or as Instapundit Blogger-In-Chief Glenn Reynolds puts it, “That which can’t continue will eventually stop.” One example of a commons that is being exploited towards inevitable tragedy is the current monetary system involving fiat currency.

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