The Wall Street Journal has a good editorial on Obama’s claim that his stimulus has “saved or created” 150,000 jobs so far, and that he will ramp up spending to create another 600,000 more this summer. The problem is that it is impossible to measure the number of jobs “saved.” Economist Gregory Mankiw calls this […]
When You Raise Taxes on the Rich, Everyone Pays
From the Townhall blog: Here’s what the President hopes nobody realizes: Raising taxes has consequences for everyone — and most of them are bad. Yet another example: If the Obama tax plan goes through, Microsoft intends to move some of its jobs out of this country. Yesterday, I wrote about the ugly unintended consequences for regular Americans of […]
Spending Does Not Drive the Economy, Part 2
I posted a few weeks ago some thoughts on how spending does not drive the economy. My point is not that spending is unimportant to the economy, but rather that lack of spending is not the core problem. For before you can spend, you need to have something to spend. Therefore, attempts to re-start the […]
The Value of Checklists — And One That Saved $200 Million and Then Was Banned
The NY Times has an interesting op ed piece by Atul Gawande (whom some have called “the Malcolm Gladwell of doctors”) called A Life Saving Checklist. (The piece is from December, 2007, but remains very relevant.) The article mentions that basic systems such as checklists have become essential to simplifying the complex task of providing […]
Patrick Lencioni on the Two Core Problems with Socialism
Patrick Lencioni is an excellent business thinker. He is known for simple yet powerful management wisdom through books like The Five Dysfunctions of a Team and The Three Signs of a Miserable Job. Recently, he has started The Simple Wisdom Project, which is intended to be “a source of perspective and common sense about topics […]
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