Santa Clara Law: Faculty Professor Friedman is a widely published scholar with more than three decades of experience in academia, having taught extensively at both the undergraduate and graduate levels. His area of expertise ranges from business to economics to law; he has published economic analyses of punitive damages, trade-secret law, criminal punishment, the size of nations, and a variety of other topics, including medical care, population economics, the economics of war, historical perspectives on freedom, and criminal defense. He is the author of books on price theory, economic analysis of law, implications of future technology, and libertarian economics and philosophy, as well as two novels. Prior to joining the Santa Clara University School of Law faculty in 2005, Professor Friedman taught at VPI, U.C. Books How to Milk an Almond, Stuff an Egg, and Armor a Turnip: A Thousand Years of Recipes with Cook. Future Imperfect: Technology and Freedom in an Uncertain World. Price Theory: An Intermediate Text.
Center for the Study of Voting, Elections, and Democracy :: UNM Political Science | The University of New Mexico The purpose of the Center for the Study of Voting, Elections, and Democracy (C-SVED) is to promote the non-partisan study and evaluation of how elections are conducted, the role of technology, the identification of best practices in election administration as well as the effects of various approaches to election administration and electoral rules upon the quality of representation within democracies. It promotes the integration of insights from multiple disciplines, including political science, law, computer science, geography, public administration and accounting, to study the administration, security, and transparency of elections. Its activities include the development of educational programs, providing expert advice to policy makers and public agencies, and the public dissemination of state-of-the-art knowledge regarding the conduct of elections.
Peter Schiff: The Fantasy of a 91% Top Income Tax Rate Lawyers, Guns & Money More Phony Employment Numbers by Paul Craig Roberts by Paul Craig Roberts PaulCraigRoberts.org Recently by Paul Craig Roberts: Bradley Manning: A Window Into the American Soul Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.” There are a number of ongoing problems with the released numbers. Even if we believe the government that 146,000 new jobs materialized during November, that is the amount necessary to stay even with population growth and therefore could not be responsible for reducing the unemployment rate from 7.9% to 7.7%. The 7.7% rate is known as the “headline rate.” The Bureau of Labor Statistics has another official unemployment rate known as U.6. The U.6 rate does not include long-term discouraged workers, those who have been discouraged for more than one year. In other words, the headline rate of unemployment is one-third the actual rate. The U.S. government simply lowers the unemployment rate by not counting all of the unemployed. December 10, 2012
Steven Pearlstein - Friedman Debunked the Gospel of Keynes One thing that baffles those of us with no training in economics is that two people who hold diametrically opposite views can both be held out as giants of their profession. After all, if the great British economist John Maynard Keynes was right that government can smooth out the business cycle by stimulating and managing demand for goods and services through such mechanisms as public-works programs, deposit insurance and deficit spending, then how could Milton Friedman be right that the better approach is for government to cut taxes, curb regulation and focus on the supply of money in circulation? Or how do we square Keynes's prescription that global finance can be stabilized through fixed exchange rates with Friedman's formula of floating exchange rates? There is, of course, a political analogy to this conundrum. The dirty little secret is that there are few scientific truths in economics analogous to the laws of thermodynamics or genetics.
The remarkable story of Chile's economic renaissance Thirty years ago, Chile was a basket case. A socialist government in the 1970s had crippled the economy and destabilized society, leading to civil unrest and a military coup. Given the dismal situation, it’s no surprise that Chile’s economy was moribund and other Latin American countries, such as Mexico, Venezuela, and Argentina, had about twice as much per-capita economic output. Today, by contrast, Chile has passed Argentina to become the richest nation in all of Latin America. Let’s look at how Chile became the Latin Tiger. Pension reform is the best-known economic reform in Chile. But it takes a lot more than entitlement reform, however impressive, to turn a nation into an economic success story. Regarding business taxation, retained profits used to be taxed at almost 50 percent, but the tax rate was dropped to 10 percent in 1984. Not surprisingly, lower tax rates generated many benefits.
It's the Money Supply, Stupid | Steve H. Hanke During the 1992 presidential campaign, former President Clinton’s rallying cry was “It’s the Economy, Stupid.” He sang it to perfection and won the election. Today, the smart politicians (and economists) should realize that “It’s the Money Supply, Stupid.” One doesn’t have to delve deeply into the mysteries of money to realize that money matters. But, you wouldn’t know it from reading the deluge of polemics on whether a fiscal stimulus is, or is not, the proper prescription for most of the world’s economies. Most of the doctors are misdiagnosing the real cause of the world’s economic ills because they often fail to take the patients’ monetary pulse. This wasn’t always the case. Chairman Volcker realized that money matters, and it didn’t take him long to make his move. Chairman Volcker achieved his goal. By 1982, the annual rate of inflation had dropped to 3.8% — a great accomplishment. When available, Divisia measures are the “best” measures of the money supply. References: William A.
Austerity Works | Michael D. Tanner As Greece, and now Spain and Italy, struggle with the crushing burden of debt brought on by the modern welfare state, perhaps we should shift our gaze some 1,200 miles north to see how austerity can actually work. Exhibit #1 is Estonia. This small Baltic nation recently had a spate of notoriety when its president, Toomas Ilves, got into a Twitter debate with Paul Krugman over the country’s austerity policies. Krugman sneered at Estonia as the “poster child for austerity defenders,” remarking of the nation’s recovery from recession, “this is what passes for economic triumph?” Twitter-borne tit-for-tat aside, here are the facts: Estonia had been one of the showcases for free-market economic policies and had been growing steadily until the 2008 economic crisis burst a debt-fueled property bubble, shut off credit flows, and curbed export demand, plunging the country into a severe economic downturn. Today, Estonia is actually running a budget surplus. Canada has also cut taxes.
Monaco Monaco i/ˈmɒnəkoʊ/, officially the Principality of Monaco (French: Principauté de Monaco (French pronunciation: [prɛ̃sipoted(ə) mɔnaˈko]); Monégasque: Principatu de Múnegu; Italian: Principato di Monaco; Occitan: Principat de Mónegue), is a sovereign city-state, located on the French Riviera in Western Europe. It is bordered by France on three sides; one side borders the Mediterranean Sea. Monaco is a principality governed under a form of constitutional monarchy, with Prince Albert II as head of state. Economic development was spurred in the late 19th century with the opening of its first casino, Monte Carlo, and a railway connection to Paris.[12] Since then, the principality's mild climate, splendid scenery, and gambling facilities have contributed to Monaco's status as a premier tourist destination and recreation center for the rich and famous. Monaco is not formally a part of the European Union (EU), but it participates in certain EU policies, including customs and border controls.
Economy of Singapore Singapore could thus be said to rely on an extended concept of intermediary trade to Entrepôt trade, by purchasing raw goods and refining them for re-export, such as in the wafer fabrication industry and oil refining. Singapore also has a strategic port which makes it more competitive than many of its neighbours in carrying out such entrepot activities. Singapore has the highest trade to GDP ratio in the world, averaging around 400% during 2008–11.[24] The Port of Singapore is the second-busiest in the world by cargo tonnage. In addition, Singapore's port infrastructure and skilled workforce, which is due to the success of the country's education policy in producing skilled workers, is also fundamental in this aspect as they provide easier access to markets for both importing and exporting, and also provide the skill(s) needed to refine imports into exports. Economic history[edit] Singapore's economic strategy produced real growth averaging 8.0% from 1960 to 1999. Sectors[edit]