Category Archives: Economics 101

What everyone should know about economics and free market theory

GOP governor implements GOP economics, disaster ensues – The Washington Post

  By Cyrus | July 17, 2014 - 11:26 am | 2014 Election, Economics 101, Taxes & Tax Policy
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At a time when most states are seeing higher revenues as the country recovers economically, Kansas’ revenues have plummeted. The result has been cuts to schools, cuts to higher education, cuts to libraries, and cuts to local health centers. Kansas’ job growth and income growth are lagging the nation’s. In response to the fiscal difficulties, Moody’s recently lowered the state’s bond rating. via GOP governor implements GOP economics, disaster ensues – The Washington Post.

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Current economic recovery faster than most post-financial crisis recessions

  By Cyrus | October 28, 2012 - 1:04 pm | 2012 Election, Economics 101
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Critics of President Obama claim that the current economic recovery is far slower than other post-recession recoveries and blame Obama’s policies for what they say could be more rapid growth.  Putting aside for a moment the fact that much of Obama’s policies are laying in a heap of blocked policies in the Republican House and record number of filibusters by Republicans in the Senate, the fact is that post-financial crisis recessions are very different than normal economic recessions, and the current economic recovery is outperforming historic recoveries after recessions caused by financial crises. In a January 2008 article written 1 … Continue reading this post →

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