Archive for the ‘Economics’ Category
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 [...]
I noticed this while surfing the Mises Institute store for digital books. I never knew that Rothbard wrote a book, The Case Against the eBook. As always, he had quite a knack for prophecy (digital books), but I can’t imagine why he would have turned unlibertarian in the case of eBooks?
Here is an interesting article on Yahoo about the new pricing strategy of J.C. Penney. The plan, the first major move by Apple executive Ron Johnson since he became Penney’s CEO in November, is different from Wal-Mart’s iconic everyday low pricing. Unlike Wal-Mart, Penney’s goal isn’t to undercut competitors, but rather to offer customers more [...]
Hold on to your hats – a new way to reduce the government debt. The government should melt all gold coins and pay off its debt. No, this is not satire.
Some things are worth remembering, especially as we move into a New Year with the same old politicians repeating the same old myths about how fantastic the economy is, how rapidly markets are improving, and how prosperous things will be once the right people in government are given the right tools to fix the broken [...]
The stupid fucktards who are posting this on Facebook … it is sad that so many people are taken intellectual prisoner by cheap images and dime-store sloganeering. Tonight I am writing an article (yes, a whole article) that will hopefully add some protein to the brain cells of the “sound bite-and-instantaneous-attention” crowd. Fucking read a [...]
The American media has become so immune to the inanity that only the foreign press dares to consistently cover (and make fun of) American Black Friday “traditions.” Ya gotta love this Mail Online headline: “Black Friday madness: Grandfather body-slammed by cops, man tasered, two shot, Wal-Mart in bomb scare and woman pepper-sprays rival shoppers on [...]
Of course the US Government tracks real unemployment. It’s called an “alternative measure of labor underutilization.” 16.1% for August 2011.
As many folks may know, I am a big advocate of self-sufficiency and resourcefulness (jack-of-all-trades). As a response to this post on frugality and self-sufficiency, someone writes me and makes the statement: “Self-sufficiency undermines the division of labor … and it drags us back to the stone age.” The libertarianoid sentiment that we should all [...]