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Jan 21, 2012

I am trying something new here by examining the book 'Economics in One Lesson' by Henry Hazlett.

My guest, Chris Stefanick, and I dissect this book chapter by chapter and make commentary on the One Lesson presented by Henry Hazlett.

This podcast is meant to be educational while also keeping in the tradition of Two Beers of Steve, which means I have to be entertained as well. 

You can either listen along without having read the book or you can pick up a copy and join in the conversation by writing into the show... we'd love to hear from you.

{I'm writing my email this way to avoid an insane amount of spam}

twobeerswithsteve (at) hotmail dotcom

I hope you can decode my email.


ten and a half years ago

U.S. needs faster grtwohMar 26, 2012 "U.S. gross domestic product grew 3 percent in the fourth quarter, but is expected to have slowed to just below 2 percent in the first three months of this year. For all of last year, it grew only 1.7 percent.The U.S. central bank lowered overnight interest rates to near zero in December 2008 and has bought $2.3 trillion in debt securities to drive other borrowing costs lower to spur faster grtwoh and cut unemployment.The Fed said it would likely keep rates near zero at least through late 2014." [url=]kqwlebyv[/url] [link=]gnkillgu[/link]

ten and a half years ago

If the news said that the economy is getnitg better they'd be lying through their crooked yellow rotted teeth.Anyone; "anyone" who has to go out and buy a loaf of bread would know it.References : Was this answer helpful? [url=]doyxgpx[/url] [link=]gehwfr[/link]

ten and a half years ago

"A family earnnig an income of around $100,000 who has two teenagers is expected to face an average cost of living impact of $653 per year. This family will receive assistance of about $679 per year made up of approximately $73 extra in payments and $606 in tax cuts, which means they are $26 better off."So won't the "carbon polluter" remain competitive without reducing emissions because all his customers now have more money to spend on his products and all his competitors are affected the same way he is?Clearly, I'm not an economist.

ten and a half years ago

China needs to slowly shift from being less of an exprot-led economy to more of a consumer-driven economy.However, in the short-run, that'll cause inflation and unemployment.China hasn't had the massive "creative-destruction" process, in over 20 years, that's needed to fundamentally improve the economy, most likely, because the communist elites don't want massive political upheavel.There are many problems in China's economy. I stated before:China's GDP is an illusion. The private sector is small (consumption fell from 45% to 36% of GDP in the past decade). Basically, China is a giant assembly plant. What the Chinese do best is corruption, crony capitalism, misallocate resources, cause negative externalities, prevent creativity, create inefficiency, and exprot much of its GDP.