President Orders Lower Gas Prices
The president just called for gas station owners to lower prices at the pumps. This proves that he is either and idiot and doesn’t that gas prices and inflation are…
Misunderstanding Inflation
"Yellen says gasoline tax holiday worth considering as anti-inflation tool" (Reuters) This administration seems not to understand what inflation is. Inflation is a general increase in prices, caused by an…
Currency and Oil Price, a Double Whammy
By Antonio Graceffo, PhD. The Financial Times reported that “Italian and Greek borrowing costs jump on eurozone rate fears". These countries not only have high debt, but because they are…
Supply and Demand in the Labor Market
by Antonio Graceffo, PhD. at China Econ Group Globalists will argue against these two laws of economics: Increasing the minimum wage will cause unemployment and increasing the labor supply by…
Globalization Lower Wages
Regardless of what the globalists claim, everyone does not win with globalization. “China's GDP growth rate dropped from over 10.6% in 2010 to 6% in 2019.6 The drop in growth…
Labor Migration and Wage
Me: Free movement of labor across borders drives down wages in developed countries because it increases the supply of labor. Him: I'm just curious what you would tell some aspiring,…
Globalism, Increased Labor Supply, and Lower Wages
Antonio Graceffo, PhD. Manufacturing is crucial because it provides well-paying jobs for uneducated Americans and because we need an independent industrial base and supply chain. If we go to war…
Globalist Mantra “Everyone Wins”
By Antonio Graceffo, PhD. The globalists have infiltrated our education system and our universities to such an extent that even economics textbooks and trade textbooks are pushing globalism and like…
Real Versus PPP-Voodoo Calculations
Globalist economists tend to use purchasing power parity (PPP) when measuring the size of an economy or the salaries of people around the world. And while PPP has its place,…
Globalism and Factory Jobs
Scenario in favor of globalism: A factory worker loses his/her job because of globalism. He/she then goes to Target to buy plastic flipflops and realizes they are twenty-five-cents cheaper and…