Economia
Economic Stagnation Explained
By Stephen L. Carter
The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.
“Why not?”
“Because I don’t know how much it will cost,” he explains. “How can I hire new workers today, when I don’t know how much they will cost me tomorrow?”
He’s referring not to wages, but to regulation: He has no way of telling what new rules will go into effect when. His business, although it covers several states, operates on low margins. He can’t afford to take the chance of losing what little profit there is to the next round of regulatory changes. And so he’s hiring nobody until he has some certainty about cost.
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Economia
O efeito de regulamentações sobre o emprego
Economic Stagnation Explained
By Stephen L. Carter
The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.
“Why not?”
“Because I don’t know how much it will cost,” he explains. “How can I hire new workers today, when I don’t know how much they will cost me tomorrow?”
He’s referring not to wages, but to regulation: He has no way of telling what new rules will go into effect when. His business, although it covers several states, operates on low margins. He can’t afford to take the chance of losing what little profit there is to the next round of regulatory changes. And so he’s hiring nobody until he has some certainty about cost.
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Ronald Coase: '... the allocation of resources should be determined by the forces of the market rather than a result of government decisions. Quite apart from the misallocations which are the result of political pressures, an administrative...
- Fim Da Festa
George Osborne: UK has run out of moneyThe Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.In a stark warning ahead of next month’s Budget, the Chancellor said there was...
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Como vencer a OPEP sem o recurso aos militares Segundo esta notícia, isto é perfeitamente factível. Por isso pacifistas deveriam ser pró-mercado. Trechos: Rocky Mountain Institute (RMI) Monday released Winning the Oil Endgame: Innovation for...
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O dia do custo do governo Há o dia da liberdade dos impostos (ver um resumo da primeira comemoração do mesmo no Brasil aqui). Agora, há um outro, similar, chamado "dia do custo do governo". O que é? Vejamos a definição: Americans for Tax...
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Are Children Giffen Goods: An Economic Puzzle Suppose someone invents an inexpensive and reliable way in which parents can choose the gender of their offspring. From the economic standpoint, this represents an increase in quality—you get a child of...