Economics

If You Leave the U.S. Permanently, Where Should You Go?

Dec 9th, 2011 | By | Category: Economics, Featured, Politics
Travel day, good patrons! We're in transit from our family stronghold in Central Florida to join our colleagues in Baltimore for a little Christmas cheer. We haven't much time before we have to shut down our laptop in accordance with FAA regulations. But we still aim to be useful. We're continuing ...read more


How To Cartelize and Kill Web Commerce

Dec 3rd, 2011 | By | Category: Economics, Featured
Let’s say you are a farmer and most of your animals are dead from disease. But there are a handful of chickens still making it, and a couple of cows too. So you decided to kill them too. Now, why would you do that? I want to ask the same question ...read more


Deleverage the World

Nov 29th, 2011 | By | Category: Economics, Featured
Capitalism is supposed to be a system of profit and loss, but in recent years, central bankers and central planners seem to have forgotten the part about losses. The push and pull every lever on the control board to try to make losses for the big players go away, which ...read more


How We Adore Taco Bell

Nov 24th, 2011 | By | Category: Economics, Featured
We've all visited Taco Bell a thousand times - 2 billion of us at least once every year - but now I've taken the time to examine why it is we love this place so much. Let's just start with the obvious thing: the food. It is, of course, wonderful and ...read more


Does the Market Preserve or Wreck Tradition?

Nov 23rd, 2011 | By | Category: Economics, Featured
The fliers from the local grocery arrive by the day. "Buy your complete holiday meal for $40!" To me, this is just thrilling. You get a golden brown baked turkey, rolls, salad, stuffing, cranberries, and the rest of the works, straight off a Norman Rockwell painting, all for a low and memorably ...read more


Did Anyone Really Think the Supercommittee Would Make a Difference?

Nov 21st, 2011 | By | Category: Economics, Featured, Politics
Stick a fork in the debt supercommittee. Because just in time for Thanksgiving, that dumb bird is done. "WASHINGTON (AP) — It's just about over for a special deficit-reduction supercommittee, which appears set to admit failure on Monday, in its quest to sop up at least $1.2 trillion in government red ...read more


Politicians and the 1% Preparing for Social Unrest

Nov 18th, 2011 | By | Category: Economics, Featured, Politics
Is it just us, or does the world seem to be becoming a much more dangerous place lately? Does it feel like, in these uncertain times, violence born of frustration could strike at any minute? Herman Cain seems to think so. We read today in The Christian Science Monitor: "Herman Cain on ...read more


The Difference Between OWS and Anti-Vietnam Protests

Nov 18th, 2011 | By | Category: Economics, Featured
The Occupy protesters imagine that they stand in a great tradition of American radicalism, willing to stand up to the man and risk arrest in order to achieve their goals. The most obvious case of such a mass movement would be the anti-war protests of the 1960s. They started small ...read more


The Self-Expropriation of the Patriotic Millionaires

Nov 17th, 2011 | By | Category: Economics, Featured, Politics
Do you want higher taxes? There is an easy answer. Pay more. No one is stopping you. You can overpay to the tax authorities. There is even a check box on the form, as I recall. Give to this charity you find worthy! No government in the history of the ...read more


Bank of England Announces More Currency Destruction

Nov 16th, 2011 | By | Category: Economics, Featured, Macro Economics
"The debasement of paper money continues..." That's how our friend Detlev Schlichter signs off his weekly reports on his website, papermoneycollapse.com. It's appropriate. Now more than ever. On Monday, we sent you Detlev's latest on the continued debasement of the euro. We also reported on Bundesbank president Jens Weidmann's opposition to further ...read more