Why Market Failure?

John Allison enlightens.

h/t Lockerroom.

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Keynes v. Hayek: The Rematch!

And the original:

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Jack Spencer Interview

Here is the WLTV14 interview of Jack Spencer Prof. Root conducted in October:

Spencer Interview from BBT Economics on Vimeo.

Jack Spencer of the Heritage Foundation joined us on set for an interview about his work, and nuclear energy

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Obamacare will Encourage Business to Drop Insurance

So says Democrat Governor Philip Bredesen.

In 2014, when these exchanges come into operation, a typical family of four with an annual income of $90,000 and a 45-year-old policy holder qualifies for a federal subsidy of 40% of their health-insurance cost. For that same family with an income of $50,000 (close to the median family income in America), the subsidy is 76% of the cost.

One implication of the magnitude of these subsidies seems clear: For a person starting a business in 2014, it will be logical and responsible simply to plan from the outset never to offer health benefits. Employees, thanks to the exchanges, can easily purchase excellent, fairly priced insurance, without pre-existing condition limitations, through the exchanges. As it grows, the business can avoid a great deal of cost because the federal government will now pay much of what the business would have incurred for its share of health insurance. The small business tax credits included in health reform are limited and short-term, and the eventual penalty for not providing coverage, of $2,000 per employee, is still far less than the cost of insurance it replaces.

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BB&T Speaker Series–Chris Stirewalt–November 29

Our next speaker will be West Virginia native Chris Stirewalt.  He has written for the Washington Examiner and now is a correspondent for Fox News.

Please join us at 12 noon at Wes Banco Arena for Stirewalt’s talk.  Lunch is provided for $10.

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The Future of Nuclear Energy

Jack Spencer posted a lengthy piece today on the future of nuclear energy at the Heritage site.  Snip:

This is a critical point for the future of nuclear energy. Opponents of nuclear power are quick to point out that nuclear energy is too risky and too expensive to have a future. And so long as industry demands federal subsidies to move forward, it is difficult to argue against that position. But EDF’s decision shows that even absent federal support, investors will put resources toward nuclear energy.

The government imposes significant risk on the nuclear industry. And this risk does justify some government help for companies willing to build the first few nuclear power plants. Nonetheless, depending on such help is foolish when the burden of securing the subsidy outweighs its value, especially when a project is viable without government support. Yet the promise of subsidies continues to dominate the debate over the long-term health of the nuclear industry.

Spencer will be at Wes Banco Arena this Monday afternoon to speak on nuclear energy, its future, and whether W. Va. has a possible future in hosting plants in the state.

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Where’s the Jobs?

The latest jobs numbers do not bode well for the Democrats as we head to November:

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BB&T Speaker Series–Jack Spencer–October 18

The next speaker in the BB&T Speaker Series will be Jack Spencer of the Heritage Foundation.  He will be speaking on Nuclear Power and will say a few words about how nuclear plants could effect West Virginia.

A Research Fellow in Nuclear Energy Policy will address the next meeting for The Center for Economic Philosophy’s BBT Speaker Series, at West Liberty University. The event will be held on Monday, Oct. 18. Lunch will be served at 11:30 a.m. in the Health Plan Pavilion, at WesBanco Arena.

Jack Spencer is employed with the Heritage Foundation’s Roe Institute for Economic Policy Studies. He works on domestic and international nuclear energy issues. His areas of study include nuclear waste management, nuclear energy technology, subsidy policy, and international approaches to nuclear energy. Previously, Spencer worked at the Babcock & Wilcox Companies where he focused on commercial, civilian, and military nuclear energy issues.

Spencer has been quoted nationally by the New York Times, Los Angeles Times and the Washington Post. In addition, he has appeared on C-SPAN, FOX News, MSNBC, BBC, The Rush Limbaugh Show and National Public Radio.

“Spencer will address one of the most important issues pertaining to our freedoms and our environment. Nuclear energy, its development and its benefits to our country, is one of the most important topics of the 21st century,” said Dr. Erik Root, Chair of Economic Philosophy at WLU.

Spencer‘s topic “Nuclear Power: Moving from Rhetoric to Renaissance,” will be open to the public. The cost of the luncheon is $10, payable at the door. Reservations are not required. For additional information please call (304) 336-8365 or [email protected]

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BB&T Speaker Series–Larry Schweikart Press Release

University of Dayton History Professor to Speak at WLU University Economics Club Luncheon
Dr. Larry Schweikart Will Address “7 Events That Made America”

Dr. Larry Schweikart will address the next meeting for the Center for Economic Philosophy: A BB&T Program at West Liberty University. The event will be held on Tuesday, Sept. 28th.  Lunch will be served at 11:30am in the West Meeting Room at WesBanco Arena. His topic is “7 Events That Made America”.

Schweikart received his Ph.D. in History from the University of California in 1983. Following his graduate training, he began teaching at the University of Wisconsin (1984-85) then received an appointment to the University of Dayton where he has been for the last 25 years. Schweikart has taught courses in: U.S. History, American Business, U.S. Civil War, Economic History and Technology and the Culture of War.

Schweikart has written more than twenty books on American history, national defense, business and banking history. In 2008 his book “48 Liberal Lies About American History” reached the top 30. He has been honored at both the regional and national level for his research and written work. Schweikart was the national Runner up for the Allan Nevins Prize for the Economic History Association (1983).  He also received first place honors for the Phi Alpha Theta Southwest Regional “Best Paper” Prize (1979, 1982).

“Schweikart brings years of historical research and study to his tenure and will offer great insight to the audience,” commented Dr. Root, Chair of Economic Philosophy at WLU.

The event is open to the public, and the cost of the luncheon will be $10, payable at the door. Reservations are not required. For additional information please contact Shane Stack at (304) 336-8365 or email [email protected] You can also visit http://westliberty.edu/capitalism/ for more information about the Center for Economic Philosophy

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Tax Burden Calculator

Figure out how you are going to owe, here.

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