State of financial literacy and its importance in the lives of Americans

Most Americans do not realize that their financial health increasingly depends upon their own decisions. It is also noteworthy that despite their financial status, a significant percentage of Americans still do not have rudimentary knowledge of financial transactions. Even those … Read More

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Affordable Care Act job loss estimates in CBO report are not reliable

Congressional Budget Office (CBO) came out with a report in 2014 on the effect of Affordable Care Act (ACA) on the US labor market. Appendix C of the report states, “ CBO estimates that the ACA will reduce the total … Read More

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Progressive and conservative views on poverty point out some common ground

It seems that after the Presidential election of 2012 the debate on poverty has restarted as part of broader concerns about income inequality. Recently, The Wall Street Journal, January 25-26, 2014, published two opinion pieces, one by Sen. Cory Booker, … Read More

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Total dependence on free markets is illusionary

Many conservative Republicans, Tea Party supporters and their sympathizers in the media have total faith in free markets to solve all problems in the economy. Their constant rhetoric on free markets has become even louder since the last severe recession. … Read More

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The job market for college graduates

There are conflicting news stories about job market for college graduates. On the one hand, one reads about the push for college education despite meager efforts in spending on higher education. On the other hand, there are reports that college … Read More

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Free rider problem in public education in Utah

There are two types of goods and services (label them just goods), private goods and public goods. Private goods sold in the market give satisfaction to those who buy them normally at a positive price and consume those goods. Hence, … Read More

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NRA should take the lead in reducing mass murders

The National Rifle Association is always looking for violations of the Second Amendment to the Constitution, but I am sure it also wants to protect its members from mass murderers. In the past few years we have seen an epidemic … Read More

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Gender wealth gap foreshadows poor income prospects

It is well documented that there is an earnings gap between male and female workers by occupations, positions within occupations, by industry groups, age groups, educational levels from high school to college, and by racial groups. For example, Bureau of … Read More

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Local governments in Utah are facing reality of tax increase

People of Utah, who are ardent supporters of lower taxes, are now facing the reality of tax increases by many local governments.  The Salt Lake Tribune reported on July 23, 2013 that four dozen local governments in Utah are proposing … Read More

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Effectiveness of gun ownership and concealed carry weapons laws in reducing gun deaths

According to wikipedia, most states “shall issue” laws for concealed carry weapons permits, as opposed to “may issue” or ”no-issue” laws in 90’s.  States of Alaska, Arkansas, Vermont and Wyoming have no permit requirements to carry handguns.  Concealed carry laws have … Read More

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