Bookworm on Nov 22 2008 | Filed under: Uncategorized
In the old days, when work dried up in one geographic area, unemployed people migrated, often with tremendous difficulty, to another area. Think of the great Dust Bowl migration of the 1930s, or the enormous Black movement from South to North during the Jim Crow years. People, being adaptable, followed the jobs.
What strikes me as [...]
Bookworm on Nov 07 2008 | Filed under: Economics, Education
I suspect that, once Obama starts raising taxes, buyer’s remorse is going to set in with incredible speed. This article focuses on the local economy, but is a harbinger of what will happen when taxes go up on a larger, national scale:
A temporary 1.5 percentage point sales tax increase proposed Thursday by Gov. Arnold Schwarzenegger [...]
Bookworm on Aug 20 2008 | Filed under: Uncategorized
There is a reason why it’s periodically useful for hyper-inflated real estate markets to correct:
A pair of reports released Tuesday highlighted the upside of the real estate downturn: Housing is becoming more affordable for more people across California and the Bay Area.
The percentage of households able to buy an entry-level residence in the state reached [...]
Bookworm on Jul 13 2008 | Filed under: Barack Obama
Democrats have one attitude towards taxes: raise ‘em. The higher they are, they think, the more money that government will have to redistribute to those the Democrats deem worth. They never seem to grasp that low, stable taxes are infinitely more beneficial to the economy, in both boom times and bust.
Obama, of course, is foremost [...]
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