An 18th Century view of the democratic election process
18th Century depiction (by Hogarth)
of the democratic election process
About Me
- Vic Volpe
- Los Angeles, California, United States
- The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from fifty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.
Tuesday, November 8, 2016
Obama on Trump and his Twitter
Obama on Trump and his Twitter
What happened to The Donald on Twitter?
Tuesday, November 1, 2016
Public Policy and Private Risk-Taking
Economics Without The B.S.**: Public Policy and Private Risk-Taking
Friday, September 23, 2016
Thought for the Day: Ch-Ch-Ch-Changes!
Thought for the Day:
Ch-Ch-Ch-Changes!
Economics Without The B.S.**:
[** Double entendre intended.]
[** Double entendre intended.]
I was commenting on an economics blog the other day and I got a comment from a young economics scholar to take my head out my ass. My drill sergeant, back in my Fort Bragg days, used to tell me the same thing. Maybe it's still stuck there.
Wednesday, August 10, 2016
Friday, July 29, 2016
Monday, July 11, 2016
Globalization's Impact
Globalization's Impact
Economics Without The B.S.**:
[** Double entendre intended.]
[** Double entendre intended.]
Does an economic decision by Corporate America to open a processing plant in a small community affect the cultural and political makeup of that community -- with regard to economic opportunity, income, racial/ethnic/religious makeup, attitudes about immigration, and the social fabric with a way of life in rural society?
Bureau of Labor Statistics: Occupational Employment Statistics;
Slaughterers and Meat Packers
A Location Quotient greater than 1.0 means that the particular job/industry has a major impact on the locality. The LA Metro Area and Fresno, CA employ about the same number of people -- Location Quotient for LA Area is 0.34; for Fresno, 6.42. What is the impact in the old Dust Bowl area of the U.S. -- CO, KS, OK, TX?
In a nation governed by a democratic process, where people vote and participate in their local government, what happens in such a community?...especially with regard to the ability to change?
Thought for the Day: I want to be President
Thought for the Day:
I want to be President
Economics Without The B.S.**:
[** Double entendre intended.]
[** Double entendre intended.]
I'm just curious, I wonder what the thought process is -- whether you are Hillary Clinton, George W. Bush, Franklin D. Roosevelt, and especially Donald J. Trump -- when you decide I want to be President of the United States, the most powerful position in the world?
Sunday, June 26, 2016
Thought for the day: On governing
Thought for the Day
Economics Without The B.S.**:
[** Double entendre intended.]
[** Double entendre intended.]
With reference to the British
vote on leaving the European Union and reviving nationhood:
The obligatory challenge in governing, regardless of the form of government (monarchy, dictatorial, democratic), is to satisfy enough of a segment in society to maintain order. The challenge in a democratic form of government is to thwart the urge to make the public purse serve parochial interests. And in the American experience the challenge in governing in our culturally diverse society where power is institutionally fragmented in our governing system, is to bring about change orderly.
The obligatory challenge in governing, regardless of the form of government (monarchy, dictatorial, democratic), is to satisfy enough of a segment in society to maintain order. The challenge in a democratic form of government is to thwart the urge to make the public purse serve parochial interests. And in the American experience the challenge in governing in our culturally diverse society where power is institutionally fragmented in our governing system, is to bring about change orderly.
Sunday, May 8, 2016
Thought for the day
Thought for the Day
Economics Without The B.S.**:
[** Double entendre intended.]
[** Double entendre intended.]
I know we say in America anybody can grow up and become
President; but, the prerequisite is that you grow up.
Friday, April 29, 2016
GDP (rate of growth) Trendline from 1960 to 2015
Data points are the rates of GDP (percapita real GDP) growth from 1960 (data point 1) to 2015 (data point 55). Real GDP factors out the effects of inflation; and, percapita data factors out the effects of population on growth -- so we are trying to measure the productivity due to the factors within the economy itself and not the inflationary effects or the consumption that occurs with more people making and buying things and services.
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