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Economics

A collection of 181 issues

The American Dream

NYT has a good piece about all those self-help be-a-millionaire books that have been flooding the market for years [http://www.nytimes.com/2005/11/12/business/12money.html]. Under the article lies the fundamental strength and weakness of America: its obsession with money. It builds our economy and tears

The Anti-Debt Crusader

NYT writes about a radio personality worth hearing [http://www.nytimes.com/2005/10/30/magazine/30phenom.html?pagewanted=1]: > Well before the new bankruptcy law that went into effect on Oct. 17 made it harder for most Americans to wipe out credit-card debt, [Dave] Ramsey was waging a

Crazy Salaries

> [Gretta] Garbo's weekly salary in, say, 1931 was four times the average annual wages in the United States. (In 2002, the national median annual wage, $33,000, was at least fifteen times smaller than the weekly income of an equivalent movie star.) David Thomson, The Whole Equation

Mothers, Don't Let Your Sons Grow Up . . .

. . . to be loggers or pilots. The Ten Most Dangerous Jobs: 1. Logging workers Fatalities: 92.4 per 100,000 employed Median Pay: $29,730 2. Aircraft pilots and flight engineers Fatalities: 92.4 per 100,000 employed Median pay: $129,250 ”“ but may be much lower for commercial pilots. 3.

Battling Away for the Low Ground

> Penthouse Media Group Inc., publisher of the men's magazine, raised $48 million in part to fund an adult entertainment broadcast network that would compete with Playboy Enterprises Inc.'s Spice and New Frontier Media Inc.'s Erotic. > Penthouse raised $15 million in preferred stock

Brews You Can Use IV

> The [beer] industry today includes more than 2,400 brewers and beer importers, 1,908 beer wholesalers, and 551,000 retail establishments. The industry's economic ripple effect benefits packaging manufacturers, shipping companies, agriculture, and other businesses whose livelihood depends on the beer industry. Directly and indirectly, the

Hawaii

An economist takes a detailed look at Hawaii's gasoline price-fixing plan. Link [http://www.mises.org/story/1894]. Excerpt: > Like the federal government's disastrous central planning of 30 years ago, the Hawaiian government has attempted to build in some alleged market mechanisms into its scheme.

Bringing Back Nixon

We're flabbergasted that everyone doesn't understand that the pricing mechanism cannot be messed with. And that's not just a libertarian or laissez-faire position. One of the darlings of the "third way" and Distributists schools of economic thought, Wilhelm Roepke, repeatedly emphasized this.

Odd Consumer News

You can buy a cardboard house for just $35,000. Link [http://www.housesofthefuture.com.au/hof_houses04.html]. Excerpts: > Being extremely low cost and transportable, the Cardboard House could be used in a wide variety of applications. You could live in one while your permanent house is being

Internationals Slipping?

Global U.S. companies are apparently slipping in appeal, and some blame the Iraqi War. If that doesn't prompt an exit strategy, nothing will. Link [http://money.cnn.com/2005/08/12/news/fortune500/brands_ranking/index.htm?section=money_topstories] . Excerpt: > Global consumers have spoken: They&