Archive for the ‘Economics’ Category

Free Markets Make You Fat, Poor, and Miserable

Monday, October 26, 2015 17:52 2 Comments

Robert Shiller, a Nobel Prize-winning economist, has co-published a scary piece - perfect for Halloween – in the Washington Post, with George A. Akerlof, blaming free markets for personal vice, lack of individual discipline, and non-coercive marketing that seizes upon human desire and weakness. They start out the piece: It is now not uncommon for 11-year-olds to be diabetic. [...]

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Time Preferences

Wednesday, October 14, 2015 20:35 No Comments

This cartoonist understands Americans and their time preferences.

This was posted under category: Economics

Saved By the Fed. Again.

Monday, October 5, 2015 6:40 No Comments

The lack of self-introspection combined with severe arrogance = Ben Bernanke exclaiming Fed Victory from the shrill zone. This story, How the Fed Saved the Economy: The Central Bank Did Its Job. What About Everyone Else?, is akin to an aarsonist setting your house on fire, rescuing the cat and calling 911, and when the home [...]

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“But what is death? It depends.”

Sunday, August 30, 2015 7:17 3 Comments

Bioethicists want “experts” to redefine death to harvest your organs and supply the government’s monopoly on the distribution of human organs. To quote from the article: In light of all this, I suggest it is time to reconsider the constraints of the DDR, time to think about harvesting organs from some living patients – those who persistently fail [...]

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Fed, Yellen, Interest Rates, Capital Markets – Roll Your Dice

Saturday, August 22, 2015 8:26 No Comments

To quote the mediameisters: “U.S. economic conditions are getting close to warranting America’s first interest rate hike since 2006. Or at least that’s what officials at the Federal Reserve thought in July…” How many times have you seen that scaremongering tactic over the last two years? I peruse the news daily, looking for headlines such [...]

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High Time Preference Serfs: Chocolate vs Silver?

Monday, July 13, 2015 20:01 1 Comment

Mark Dice is at it again, asking the question of, “who needs a 10 oz silver bar for later when you can have a candy bar right now?” One woman’s plight: “It doesn’t seem real.” And no, she was talking about the candy bar and not the silver. And these jackasses are coaxed into voting [...]

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Is Kohl’s “Pricing for Idiots” Scheme a Crime?

Wednesday, June 19, 2013 22:33 6 Comments

Twice in the recent past I have written about the pricing strategy of J.C. Penney and its attempt to shirk the ‘pricing for idiots’ strategy. First, I wrote about how a new CEO, Ron Johnson, chucked the old strategy of deceptive sales pricing and moved toward a model of ‘true value’ pricing. Shortly thereafter, I wrote [...]

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J.C. Penney Pricing Strategy Fails to Meet the Perception of the Masses

Monday, April 8, 2013 18:05 7 Comments

I find this breaking news to be very intriguing, especially since I wrote a short post just over a year ago in regards to the new pricing strategy put into practice by the new CEO in 2012. A quote from the January 2012 article on Yahoo goes as follows: Perhaps the biggest challenge for Penney is [...]

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Can You Afford the Future?

Sunday, March 17, 2013 18:54 1 Comment

Chris Martenson has published an excellent piece on on why Americans can’t afford the future. And the truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue [...]

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New Book From a Great Austrian Economist

Thursday, February 7, 2013 18:31 No Comments

Ask anyone who went to Walsh College or the University of Detroit … who was the greatest teacher they ever had? So many come back and say “Harry Veryser.” You’ll hear students say that for the first time ever they understood and became interested in the dismal science. Harry assembled an entire department, at Walsh, [...]

This was posted under category: Economics