How Painful is Economic Reform?

In my last post I presented evidence that people in countries with relatively high growth rates tend to perceive that their lives are improving. This is one of the reasons why I reject the view that economic growth makes people unhappy and that so called ‘unhappy growth’ can explain the reluctance of some governments . . . → Read More: How Painful is Economic Reform?

10 Points Americans Must Understand About the Economy

1. The interest rate is a price – the price of credit like the price of any good.  In a free market the price would be set like the price of any good at the intersection of the supply of funds (our savings), and demand for funds (businesses’ and individuals’ investing wants).  Instead, we . . . → Read More: 10 Points Americans Must Understand About the Economy

Intel Posts Explosive Earnings Up 875%: Continues Massive Momentum

Intel posted a fourth-quarter net income of $2.3 billion, up 875% over its report last year at this time. Record revenues came in at $10.6 billion, up 28% year over year. Further the company yet again boosted its revenue guidance saying it expects first quarter revenue of $9.30 billion to $10.10 billion. The consensus . . . → Read More: Intel Posts Explosive Earnings Up 875%: Continues Massive Momentum