TheGovernmentCheese.com Economics, Politics and more

LeBron, LeBron, Are you Lost?

Now I know LeBron is not on some kind of freak island sponsored by ABC, but on Thursday night he will be on an ABC owned affiliate, ESPN, telling us where he is going. My question is simple – ARE YOU LOST LEBRON?

Thursday, July 8, 2010 - 1:15 a.m.

Atlas is Shrugging

Today’s unemployment report rang false in my ears as it was reported that 652,000 people suddenly stopped looking for work. This is no small number of people and in fact, it is enough of a disappearance of people looking for work to bring the headline unemployment rate down to 9.5% from 9.7%. Oh, how those politicians love their headline economic numbers when they stand up to make a speech.

Friday, July 2, 2010 - 10 p.m.

The Worldwide Currency Downward Spiral Continues

As the recession eats jobs worldwide, governments will start to devalue their currencies in order to fight for exports and export related jobs. The economic growth of China is reliant on exporting and the Government of China is reliant on a growing economy to keep their workers from not having ‘a chicken in every pot.’ Out of work people are more likely get angry with a government that promises jobs and start rocking the boat.

This sort of move has just occurred as China is moving away from its currency peg to the U.S. dollar. With this peg removed the yuan is expected to move lower against the dollar and Chinese products will become cheaper in the United States. This will keep or create jobs in China while jobs of U.S. domestic producers of the imported goods will see their products become less competitive as far as price is concerned.

Monday, June 21, 2010

The Road to Serfdom by F.A. Hayek tops the Amazon.com Best Selling List!

I can think of no better way to kick off TheGovernmentCheese.com than with the news that a classic from 1944 is now the best selling book for a week at Amazon.com. Hayek shared the 1974 Nobel Peace Prize in Economics and was known as a philosopher and an economist.

A comment by Hayek about his work stands out to me as very interesting...

[T]he spirit of commercial enterprise has been represented as disreputable and the making of profit as immoral, where to employ a hundred people is represented as exploitation but to command the same number as honorable.

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