Posts Tagged ‘ capitalism ’

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In Defense of Bank Runs

May 22nd, 2012 | By | Category: Economics, Featured
One with a populist view might ask: Is it really true that we have too-much state involvement in finance? Do we really have some form of monetary central planning? Does this view not completely underestimate the power of the big private banks? When one looks at the gigantic positions these private banks ...read more

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Posted in Economics, Featured | 4 comments


The Market That Really Matters

Apr 6th, 2012 | By | Category: Commodities, Currencies, Featured
Would You Like a Beer With That Haircut? What if we had the following economic system? This system would shower the globe with free goods day and night, asking nothing and giving nearly everything. Most of what it generated would be free goods, and every living person would have access. Anyone who amassed ...read more

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Posted in Commodities, Currencies, Featured | 6 comments


Warming Up To Environmentalism

Mar 26th, 2012 | By | Category: Economics, Featured, Politics
Gary Gibson, Minneapolis, Minnesota... Camping doesn't count as experiencing nature. The natural world may look wonderful from a distance...or up close when experienced temporarily and with the benefit of modern camping gear... But nature is in fact brutal and distinctly unpleasant. In "nature" lives are uncomfortable and unsure and notoriously short. Homes are ...read more

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Posted in Economics, Featured, Politics | 3 comments


Who Moved My Juice Bottle?

Feb 15th, 2012 | By | Category: Economics, Featured
Most people think of the capitalist marketplace as the venue for the unleashing of the human ego. Selfishness reigns as those with financial means buy and build whatever they want, acquiring and amassing with no concern for the fate of anyone but themselves. Bah! I can't even imagine a more inaccurate ...read more

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Posted in Economics, Featured | 4 comments


Capitalism or Money in Crisis?

Jan 11th, 2012 | By | Category: Economics, Featured
When the Financial Times started its series on "Capitalism in Crisis," I winced. Here we go yet again, an attempt to blame private enterprise for what are actually the failures of the state and paper money. And some writers -- but not all -- in the series have done exactly ...read more

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Posted in Economics, Featured | 2 comments


The Elves of Capitalism

Dec 24th, 2011 | By | Category: Economics, Featured
One reason that the Brothers Grimm fairy tales have such appeal -- more so than the folklore that came before -- is that they deal with a world that is familiar to us, a world that was just being invented in the early 19th century, when these stories were first ...read more

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Posted in Economics, Featured | 4 comments


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

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Posted in Economics, Featured | 2 comments


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

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Posted in Economics, Featured | 9 comments


Peter Schiff Takes on Cornell West and the 99%

Oct 31st, 2011 | By | Category: Economics, Featured
We were stuck in Chicago O'Hare. Our connecting flight to New York had been delayed by several hours. What made it all unbearable, however, was Cornel West. The television monitors are inescapable these days. We're not sure when it happened, but there's hardly a corner of the waiting area to hide ...read more

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Posted in Economics, Featured | 3 comments


Steve Jobs and Occupy Wall Street

Oct 19th, 2011 | By | Category: Economics, Featured, Politics
The death two weeks ago of Steve Jobs, co-founder and longtime head of Apple Inc., is a great loss, but it offers a valuable teachable moment. In a way it's not surprising that protesters involved in Occupy Wall Street have been, as far as I can tell, silent about Steve Jobs ...read more

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Posted in Economics, Featured, Politics | 2 comments


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