Archive for the ‘Economics’ Category

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 [...]

This was posted under category: Economics

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 [...]

This was posted under category: Economics

Can You Afford the Future?

Sunday, March 17, 2013 18:54 1 Comment

Chris Martenson has published an excellent piece on Safehaven.com 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 [...]

This was posted under category: Economics

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

Economic Riots and TrampleFests

Sunday, January 13, 2013 11:19 6 Comments

This is just a peek at what lies ahead. In a Detroit suburb, rioting ensued when a government organization attempted to hand out welfare freebies in the form of Section 8 Housing Vouchers. The county was giving out 1,000 vouchers and at least 4x that many people showed up to get the freebie. The Michigan [...]

This was posted under category: Economics

Incoming Treasury Secretary Can’t Sign His Name

Friday, January 11, 2013 18:49 1 Comment

Oh my – Jack Lew gets an F for handwriting. Also, I wonder if anyone can help Jack Lew find his chin? I’m sure he would like it back.

This was posted under category: Economics

Helicopter Child

Friday, January 11, 2013 18:19 2 Comments

Quiz: is this Ben Bernanke or Alan Greenspan as a child? Does it matter?

This was posted under category: Economics

Lew Rockwell to be Obama’s Treasury Secretary

Wednesday, January 9, 2013 22:16 2 Comments

I received this content in an “alert” email from the Wall Street Journal today: Obama to Nominate Lew as Treasury Secretary President Barack Obama has decided to nominate Jacob Lew, a central figure in the Clinton and Obama White Houses, to be the next Treasury secretary, elevating the White House chief of staff into the [...]

This was posted under category: Economics

The Fed’s Rinse & Repeat

Wednesday, December 12, 2012 18:16 2 Comments

Since I am a fan of process documentation and flow charts:

This was posted under category: Economics

Washington Post on “In Debt” vs. “Insolvent”

Wednesday, October 24, 2012 6:26 4 Comments

This is one from the “Yes, someone really wrote this” files. The Washington Post “fact checker,” Josh Hicks, has put it in writing that the United States government, in spite of its trillions of debt, is not insolvent because insolvency implies an inability to pay debt, and the US can pay its debt because it [...]

This was posted under category: Economics