Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Productivity

Hillary Clinton’s Problems Go Far Beyond Being “Out of Touch”

Hillary Clinton has been getting reamed for being “out of touch” for comments she made regarding the Clinton family’s wealth.  The Clintons earned $109 million during their first 7 years out of office (for an average annual income of $15.5 million), but she nonetheless claimed that the Clinton family was “dead broke”and in debt when it left the White House in 2001, and that the Clintons are not truly “well off“. While Clinton badly misses the mark here, what’s far more disturbing is the role her husband’s administration played in enriching people like them at the eventual expense of the wider population.

Read the rest of this entry »

The Yom Kippur War Butterfly Effect: How the Arab-Israeli Conflict Inadvertently Led to the Global Economic Crisis of 2008

We often hear the argument that the American alliance with Israel is damaging to the American interest due to the Islamic terrorism it yields. Many Muslims resent the United States for aiding Israel at the expense of the Palestinians, and this resentment is often fertile grounds for radicalization when combined with the economic hopelessness many young Muslims face in their home countries. Today, however, I’d like to discuss something different–the extent to which the US alliance with Israel contributed to the global economic crisis in 2008.

Read the rest of this entry »

Minimum Wage: Rational Employers are Not Job Creators

There is a huge, gaping hole in the response right-wing politicians are giving to demands that the minimum wage be raised in the United States–they are assuming that employers generally behave in an irrational, inefficient way. Here’s how.

Read the rest of this entry »

The Lost Quarter Century?

I’ve run across some fascinating statistics which, taken together, indicate that the average American earns little more than he did in the late 1980’s. Does this mean the American economy is experiencing a lost quarter century? Let’s take a look.

Read the rest of this entry »

Money and Motivation: A Shocking Contradiction

Frequently, we are told by the right that progressive taxation is bad policy, that it diminishes the motivation of entrepreneurs and “job creators”.  But what is the relationship between money and motivation? Does more income lead to higher productivity? It turns out, if you phrase the question correctly, the answer is already well known, and the implications of that answer comprise today’s topic.

Read the rest of this entry »