Tag archives: economics
In a recent New York Times editorial, socialist economist Gabriel Zucman of Berkeley wrote “It’s Time to Tax the Billionaires.” Congresswoman Barbara Lee proposed a wealth tax, the Oligarch Act of 2023. Rep. Lee wants a yearly 8% tax on the “extreme wealth” (net worth) of the “aristocratic” rich. Our legislators in Sacramento have also […]
The title of this article is provocative and I understand this. But, as one economist put it: those clamoring for manufacturing jobs have never worked in one. My point is that U.S. trade policy is completely misunderstood and our political leaders are demagoguing the issue to create fear and buy your votes. Tariffs and protectionism […]
Here at the Montecito Journal, we have long believed in offering a variety of views, letting each side have its space to speak. In light of the upcoming election, two of our longtime contributors have written in on what they think you should consider when heading to the ballot box this November 8. With Rinaldo […]
Elon Musk is the world’s richest person and one of the most brilliant individuals in business. He is the P.T. Barnum of our age — only more effective by far. And yet no one has ever accused him of: 1) having an ego that is under control; 2) a desire to benefit his fellow citizens; […]
A macroeconomic argument circulating during World War II stated that the nation couldn’t afford both “guns and butter,” pitting the costs of waging war against luxuries like silk stockings and abundant food choices like creamy milkfat. In fact, this saying originated decades earlier, with the passage of the National Defense Act of 1916 as the […]
Most folks are feeling significant pain at the gas pump and the grocery store these days. Remarkably, the cause for that “pain” is the same for both – inflation. The question is, should we all be worried about that issue in isolation, or should we focus on the economic fundamentals that underlie this spurt of […]
Many people familiar with economic history are familiar with the huge influence that Milton Friedman commanded in our recent economic past. Friedman, an economist and statistician, had an outsized impact on nations around the world through his work heading up the “Chicago School” (referring to the University of Chicago where he taught and led a […]
Have you heard all the news stories lately about “the Great Resignation” (or as some podcasters are calling it, the “Take this job and shove it” moment)? Tune into CBS, NBC, ABC, CNN, MSNBC, or pick up a copy of the Economist, The Wall Street Journal, The New York Times, Washington Post, or even your […]
The trial of Kyle Rittenhouse has galvanized the country, splitting already “warring factions” into something far more dramatic. The travesty of that trial began with the systematic exclusion of Black jurors and was further amplified by a clearly biased and incompetent judge: he openly fought with the prosecution in front of the jury, denied them […]
Enrico Manlapig, associate professor of economics and business, explores “Decision Analysis and the Common Good” in a live webinar on Thursday, November 19, at 5:30 pm at vimeo.com/474003951. The Westmont Downtown Lecture is sponsored by the Westmont Foundation, which helps build connections between Westmont and the greater Santa Barbara community. The webinar features special guest […]
Westmont continues to innovate and respond to students’ interests by adding new programs and more choices that fit well with the liberal arts and prepare graduates for a variety of careers. Music students focused on performing can earn a Bachelor of Music once the National Association of Schools of Music approves the program. Beginning in […]
Westmont researchers are using a new high-tech tool to understand human neurological disorders, such as Alzheimer’s disease. As part of a summer research project, Yi-Fan Lu, Westmont assistant professor of biology, and senior Heidi Pullmann used the new microelectrode array, purchased through the Westmont Provost’s Office, to detect and record the response of neurons to […]
