Category Archives: Economics

Items that fall within the realm of economic discussion but may not have explicit philosophical or policy statements.

Things Jesus Never Said

There is no virtue in compulsory government charity, and there is no virtue in advocating it. A politician who portrays himself as “caring” and “sensitive” because he wants to expand the government’s charitable programs is merely saying that he’s willing to try to do good with other people’s money. Well, who isn’t? And a voter […]

Minimum Wage is a Lose-Lose

This is a big subject. And it’s one that sadly keeps coming up in our political climate! Let’s just RAISE THE MINIMUM WAGE! The poor Poor are suffering. We are selfish for not wanting to help them. “Big Business” is greedy and keeping the little man down. But this is all political hype and distraction […]

Commodity Prices During “The Bernanke Era”

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises

Minimum Wage Question: A letter to our President

A logical and inquisitive letter to our President from two established professors of Economics in VA. 17 February 2013 Mr. Barack Obama, President Executive Branch United States Government 1600 Pennsylvania Ave., NW Washington, DC Dear Mr. Obama: In this year’s State of the Union Show you called for the hourly minimum-wage to be raised from […]

Gitmo Economic Numbers – Some useful info if you are a US Taxpayer

Our national, annual spend on one of the most loathed American-owned/operated sites is beyond the pale. Put aside the inhumanity for a second and brush aside the self-proclaimed, non-constitutional “right” for the US to detain prisoners without trial for an unlimited amount of time; put all that aside and you still have the sheer cost […]

College Education: The Largest Scam in American History!

The last 60 seconds of this documentary is a bit off, but 99% of it is spot on and demands attention. The cost of an American college eduction was once “well worth the cost.” It no longer is (for a vast majority of reasons). The promises of $1M more in aggregate salary over a person’s […]

Walter Williams on Stossel

Watch the latest video at video.foxbusiness.com

Austrian Econmics vs. Keynesian Economics

Proof Austrian economics is far more accurate than Bernanke’s keynesian pseudo-scientific economics.

Eliot Spitzer and Sophistry

In Ancient Greece sophists were teachers who taught virtue, which in those days generally meant the art of statesmanship, to young men rich enough to afford their services. Sophistry, as their art was called, is a trade much criticized in the dialogues of Plato, where Socrates attacks not only the practice of teaching for a […]

The fall of the United States?

From the Guardian: Decline and fall of the American Empire Key passage: “Let me put an alternative hypothesis. America in 2011 is Rome in 200AD or Britain on the eve of the first world war: an empire at the zenith of its power but with cracks beginning to show. The experience of both Rome and […]