Star Parker, hardly an unbiased wall-flower, does have several great points to make. The points she brings up, with few exceptions, have been proven to work. The problem? The solution cannot be tailored into a "Look, the Government solved it!" media sound bite, that promotes certain politicians at re-election time. Adam Smith's invisible hand would be at work, and that doesn't make for a great bad news story the mainstream media likes so much.
Her second to last paragraph is the most telling. The self-selection bias of individuals who pursue certain career paths brings us to an almost pre-ordained result. Too bad.
I invite your comments and analysis.
http://townhall.com/columnists/starparker/2011/09/19/target_black_unemployment_with_enterprise_zones
Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts
Monday, September 26, 2011
Friday, February 19, 2010
Recession Over? Or are we still...
This is one for the ages. Literally! Here is an economic report that provides a good background and interesting perspective on the challenges involved in making the call. IS it or is it NOT? http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2010/02/15/is-the-recession-over.aspx
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