Major Mike's Musings » economy http://majormike.net Don't take me too seriously. I don't. Sun, 22 Jan 2012 21:34:11 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Cost of College http://majormike.net/archives/644 http://majormike.net/archives/644#comments Wed, 06 Apr 2011 18:09:02 +0000 Mike http://majormike.net/?p=644 “According to the College Board’s Trends in College Pricing 2010, the average cost of undergraduate education at an in-state, four-year, public institution was $16,140 — a 6.1-percent increase from 2009.”1

Wow! Who can afford that? No wonder students rack up thousands in debt.

© 2011, J. M. Erickson. All rights reserved.

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  1. MOAA News Exchange, April 6, 2100
]]> http://majormike.net/archives/644/feed 1 Oh, Good. Another Bailout http://majormike.net/archives/590 http://majormike.net/archives/590#comments Wed, 09 Dec 2009 19:12:05 +0000 Mike http://majormike.net/?p=590 President Obama announced another bailout. It’s not likely to work, but he has to do something besides blame the “previous administration” for the economy.

Here’s why government spending won’t fix the economy: Government money has to come from somewhere.

  1. Taxes. Taxes come from the economy in the first place, so the net effect of government spending from taxes is zero.
  2. Borrowing. Sure that puts extra money in the economy, but because of the interest, each dollar spent is worth less than a dollar.
  3. Printing. Each extra dollar printed reduces the value of all the dollars already in circulation. Thus, each dollar spent is worth less than a dollar.

Government spending doesn’t create new wealth or extra jobs, it just redistributes money from those who pay taxes (or loan the government money) to those who help politicians get elected.1

© 2009, J. M. Erickson. All rights reserved.

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  1. I had a little help here from Glenn Beck’s Arguing With Idiots.
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