History doesn’t repeat itself but it often rhymes.” – Mark Twain Financially speaking, we are being told that things in the USA are good. Really good! Turn on CNBC or any news channel and the stock market is surging; the economy is “bouncing back.” The Fed is raising rates because future economic outlook “is bright.” […]
Items that fall within the realm of economic discussion but may not have explicit philosophical or policy statements.
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 […]
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 […]
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
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 […]
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 […]
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 […]
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Proof Austrian economics is far more accurate than Bernanke’s keynesian pseudo-scientific economics.
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 […]