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Entries in Economy (185)


Daily Grind: The Panic Bloom 

The Panic Bloom
Is the U.S. economy in the midst of a healthy recovery, or is this the one last batch of healthy shoots before it wilts?

And They All Said, "Amen"
A special message from the Heavenly Host Committee to name Obama, "God."

Chronic Depression
With recoveries like this, who needs recessions?



CEI - Nobel Economics Prize Recognizes Success of Liberty 

Statement by Fred L. Smith, Jr., President of the Competitive Enterprise Institute


Washington, D.C., October 13, 2009- The Nobel Prize for Economics was awarded Monday to two economists whose work focused on the success of institutions of liberty.

Statement by Fred L. Smith, Jr., President of the Competitive Enterprise Institute 

Awarding the Economics Nobel Prize in Economics to Elinor Ostrom and Oliver Williamson is a brilliant choice. Their work follows the lead of Ronald Coase (himself a Nobel laureate), who showed that the institutions of liberty extend beyond the market concepts of buying and selling.

Williamson, like Coase, sought to understand the reasons why firms take on the structures that they do. His work is a welcome warning of the dangers that overzealous antitrust regulators can pose to economic growth.

Eilinor Ostrom’s work has focused on the ways in which traditional societies manage commons. Her work makes clear that property rights evolve in response to scarcity. 

CEI’s work on environmental and competition policy relates closely to the works of both these award recipients. Congratulations to both! >Read the full statement on



Mercatus Center - New Podcast: Economic Trends in the States with Bruce Yandle 

This week on the Inside State and Local Policy Podcast: Economic Trends in the States with Dr. Bruce Yandle, Dean of Clemson University's College of Behavior Sciences and Professor Emeritus in the College of Economics and Mercatus Center Distinguished Scholar. In this podcast Dr. Yandle discusses:

Signs of the recession ending
Unemployment outlook in the US
What states will be the leaders in pulling us out of recession
Explanation of the new knowledge economy
Migration trends between states and the causes for movement between states


To learn more and listen to other episodes, visit our website at:


Also, check out last week's podcast: Can New Jersey Reverse Course?


This podcast is a product of the Mercatus Center at George Mason University.  The Mercatus Center is an economic research center based in Arlington, Virginia.  The mission of the Mercatus Center is to promote sound interdisciplinary research and application in the humane sciences that integrates theory and practice to produce solutions that advance in a sustainable way a free, prosperous, and civil society.



Manchester seen as an economic leader during recession 

MANCHESTER (September 17, 2009) – In just nine months, Manchester has been cited by various publications for its economic development, its responsible fiscal philosophy and its favorable quality-of-life.


September 2009: National Geographic Adventure magazine names Manchester one of three U.S. cities as a “recession-buster,” saying that, “(O)ld mills have been refurbished into small businesses, while big players such as TD (Bank), Citizens Bank, and Elliot Hospital employ thousands. The river town claims one of the lowest unemployment rates in the nation.” (


July 2009: Forbes Magazine released its list of “America’s 100 Cheapest Places to Live” list, and Manchester came in Number 1. The magazine said, “Among the U.S. cities with the most affordable housing and lowest cost of living, the Queen City offers the best combination of safety, employment opportunity and general quality of life.”(


March 2009: noted that Manchester was the No. 2 tax-friendly city in the nation; a story that was featured on the front page of Web sites like Yahoo! and others. “New Hampshire’s favorable tax structure and Manchester’s proximity to Boston makes it an attractive residence for flinty New Englanders” (


March 2009: Business NH Magazine did a roundtable on Manchester, where it declares that Manchester is taking itself to a new level. “Even during the troubled economy, major building projects have been moving forward in Manchester…Some companies are even finding opportunities due to the down economy.” (


January 2009: Northeast Real Estate News did a feature story on the city, in which it noted the ongoing projects going on in the city. “Manchester, New Hampshire boasts not only a superior quality of life for its residents …but it also offers a superb business environment.” ( JAN09/cover2.html)


December 28, 2008: The Cape Cod Times did a feature story on Manchester’s youth movement, and said that the “more than 100 restaurants, 20 bars and dozens of retail shops, museums and art galleries, among other attractions” were part of the reasons Manchester continues to draw young workers. It also said that “(A)n influx of young workers and families in recent years has meant a sort of rebirth for the city, the Granite State’s largest.” ( NEWS/812280335)



ALEC - Cap and Trade Alert: Biggest State losers 

The U.S. Senate is expected to continue working on Cap-and-Trade legislation later this month. While we know the U.S. House version of Cap-and-Trade legislation, H.R. 2454, also known as Waxman-Markey, will have negative impacts on the U.S. economy, it’s important to note how the legislation would impact your state specifically and how your state compares to others. No one will escape the economic burdens this legislation will impose, but some fare far worse than others.


Find out if your state is among Waxman-Markey’s “Biggest Losers” by visiting ALEC’s Cap-and-Trade webpage. You can also click on your state to see individual state results including rankings on the following measures: gross state product loss per capita, job loss, electricity cost increases per household, and gas price increases per gallon.All rankings are based on state-level data published recently from the Heritage Foundation.Note that these results are annual averages over the time period 2012 – 2035 which makes for a truly alarming cost imposition on American families and businesses. For more on the Heritage report, visit their website at


Here’s a sneak peak at Waxman-Markey’s “Biggest Losers.”Remember, even if your state is not listed in the top ten, you’re still a loser under this bill!



Biggest Losers


Top Ten “Biggest Losers” Overall

Top Ten “Biggest Losers” in Job Loss

Top Ten “Biggest Losers” in GSP Loss Per Capita

Top Ten “Biggest Losers” in Electricity Cost Increases Per Household

Top Ten “Biggest Losers” in Gas Price Increases Per Gallon

1. Connecticut

1. California

1. Delaware

1. Hawaii

1. Alabama

2. California

2. Texas

2. Connecticut

2. Connecticut

2. Hawaii

3. Hawaii

3. Florida

3. Wyoming

3. Texas

3. California

4. Ohio

4. New York

4. Alaska

4. Florida

3. Michigan

4. Pennsylvania

5. Illinois

5. New York

5. Maryland

5. Indiana

6. Texas

6. Pennsylvania

6. Massachusetts

6. Alaska

5. Washington

7. Massachusetts

7. Ohio

7. New Jersey

7. Louisiana

5. West Virginia

8. North Carolina

8. Michigan

8. Louisiana

8. Missouri

8. North Dakota

9. New Jersey

9. North Carolina

9. Illinois

9. North Carolina

9. Connecticut

10. Maryland

10. Georgia

10. Hawaii

10. South Carolina

9. Ohio

10. New York




9. Wisconsin





9. Iowa