Eric Imhoff's Blog

Obama rhetoric equal Bush

Here is an article that compares quotes from Obama to Bush. They are a little too similar. 

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SFE to Sponsor you and a Friend to attend a FEE Seminar

Would you like to attend a FEE Seminar with one of your friends, to introduce them to the interesting world of Economics? Well, with the SFE Sponsorship we will sponsor you and your friend to attend the seminar of your choice and be accepted to the seminar (We have two spots per seminar). You will both receive $100 to spend on your travel for the seminar.

To qualify please send your responses to the following requests to Imhoff@mackinac.org. I need your name and your friend’s name. Also, state what FEE seminar you and your friend want to attend and why you think this seminar will benefit your friend? Please also tell me which seminar(s) you have attended in the past.

Thank you and Good Luck,

Eric Imhoff

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John Stossel: Crony Capitalism

 

I recommend you that watch all 6 parts. Enjoy and Learn. 

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Worst Decade Ever

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There is an Unlimited amount of Jobs

Here is one of my favorite letters to the editor.

4 December 2009

Editor, The New York Times

620 Eighth Avenue

New York, NY 10018

To the Editor:

RE yesterday's White House "Jobs Summit" ("Obama Turns to Job Creation, but Warns of Limited Funds ," Dec. 4): the language is misleading.

Jobs themselves do not need to be created, for they are among the most abundant opportunities in our midst.  You can paint my house, serve as my personal masseuse, cook my dinners and clean my kitchen every evening.  You're hired!  But you refuse, because I won't pay you enough to do so.

It's obviously not jobs that people ultimately want; it's opportunities to earn income.  If the word "job" were replaced with "income-producing opportunity," the added clumsiness of expression might be more than made up for by greater clarity of thought - namely, the recognition that what matters is each worker's access to opportunities to produce value so that he or she receives in return as much spending power as possible.

Jobs are super-abundant; access to consumable goods and services is not.  It is widespread access to the latter that ultimately matters.  But this access is diminished by policies that create or protect "jobs" by taxing and regulating in ways that reduce the economy's capacity to grow and produce the goods and services that are the ultimate motivation for people to work.

Sincerely,

Donald J. Boudreaux

Professor of Economics

George Mason University

Fairfax, VA 22030

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