"We will not apologize for our way of life...." This unfortunate phrase from President Obama's otherwise sturdy inaugural address, echoed through my mind last week as I cruised the suburban outlands of Montgomery, Alabama. All the usual commercial furnishings of consumerist America hugged the flattish ochre and dusty-green landscape of played-out ...read more

There are so many complications, economics wise, and there shouldn't be, because as Ludwig von Mises once said, defining economics, "People Act."  It's just that simple!  Examples are everywhere.  Toyota is closing its plants for 11 days, and how many employees does this affect?  Let's say 2,000, at $200 a ...read more