Monthly Archives: March 2012

International Trade & Economics: What Nobody Wants to Talk About

George Will had a column published in the Tulsa paper on March 18 concerning the Export-Import bank and some of the ramifications of its actions. Some of these are not necessarily apparent until one thinks through all the implications.  Nothing is ever … Continue reading

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Economics, Fairness & Measurement

Last week I heard Dr. Everett Piper speak.  Dr. Piper is President of Oklahoma Wesleyan University in Bartlesville Oklahoma.  Last year CBS Money Watch ranked Oklahoma Wesleyan as the best in the nation for the second year in a row.  … Continue reading

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Facts of Life – Example 2 – American Airlines

American Airlines is in bankruptcy and proposing to cut employment, outsource some work, and shed some pension obligations.  Is this “fair”?  From the perspective of American ‘s employees and retirees, it probably isn’t.  They have done everything that they contracted or committed … Continue reading

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Is the Fed Helping?

The primary method that the Federal Reserve Board uses to help control the macro economy is by adjusting interest rates through setting the Federal  Reserve discount rate.  For the last 3 years or more this rate has been near zero – and the … Continue reading

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