gnell's Archive

Wal-Mart as an anti-poverty campaign

While Richardson bashes Wal-Mart for offering “substandard” wages and health care benefits, millions have been lifted out of poverty by Wal-Mart, in China, other developing nations, even in the US. Why would Richardson want to prevent New Mexicans from obtaining this kind of benefit? Would we not see similar effects on standard of [...]

New Mexico #19 for employment in June

New Mexico came in as the 19th best state for employment in june with a 4.1% unemployment rate. But even with low unemployment and strong growth, New Mexico is still among the poorest states.
On a lighter note, The Economist writes about economist blogging. Apparently, you don’t have to go to an Ivy [...]

Finally, An Explanation for Corporate Compensation

Anyone who reads this blog regularly won’t be surprised to find out that once again, it is government meddling that has created what many see as a problem. However, this one, like the price of oil, is being blamed on companies and few are discussing the real issue.
Tech Central Station has the first article [...]

Eminent Domain Curbed in Missouri

Governor Matt Blunt (R) in Missouri has signed legislation restricting use of eminent domain. His bill is particularly good in that it bars the taking of private property solely to increase taxes or create jobs; It explicitly rejects the Supreme Court decision Kelo v. New London; and it increases the compensation for seized [...]

Basic Economics, Basic Morality

Economic growth depends on division of labor. Division of labor depends on freedom of trade. Freedom of trade depends on, in the words of Adam Smith, “the obvious and simple system of natural liberty.”
So writes P.J. O’Rourke in a column for the Weekly Standard about Adam Smith’s lesser known book, The Theory of Moral Sentiments. [...]

Honor your Country – remember your right to property.

This Fourth of July, let us respect all of the rights enshrined by the founding fathers. Just as important – but often respected much less – as the right of freedom of speech, freedom of worship, and suffrage, is the right of property.
In fact, it is an even more basic right than many that [...]

Lifting New Mexico up by the bootstraps

New Mexico gets $2 back for every $1 in federal taxes paid, according to the Tax Foundation. It’s not because the state demands more from the federal government that other states like New Jersey which receives about 55 cents back for every $1, it is because of the progressive income tax. New Mexicans [...]

A Tax That Makes Sense?

Should New Mexico replace the state income tax with an immigrant tax?
No country can let in an infinite number of immigrants. And, if we allow immigrants to take advantage of public schools, welfare, social security and Medicaid, it will cost us a lot. Tech Central Station has come up with a strategy: tax [...]

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