Eric Scheske

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Economics

The Chicken Heart that Sucks Out Our Souls

Photo by Changbok Ko [https://unsplash.com/@kochangbok?utm_source=medium&utm_medium=referral] on Unsplash [https://unsplash.com?utm_source=medium&utm_medium=referral]The great Stoic Epictetus pointed out that education is the means to freedom. Unfortunately, education today frequently becomes the means of slavery. Everyone

$58 for an AOC Sweatshirt Isn't Too Much

$58 for an AOC Sweatshirt Isn't Too Much

But the mere use of a price at all is I found the uproar over AOC's $58 sweatshirt fascinating. I don't object to the price tag. It's no doubt pricey, but she's fundraising for her campaign. I frequently overpay for items when

How to Pay for Thanksgiving Dinner

Are food prices soaring? Ever since the 2008-2009 crisis, the thinkers, pundits, and writers who ascribe to the Austrian School of economics have assured us that massive inflation was going to start. They assiduously refused to provide a date, but they assured us nonetheless, often suggesting we hoard gold and

The Ever-Elusive Economic "Third Way"

Man, great weather heading our way. And I just got a big pile of wood chips dumped in my driveway. Wood chips might be the magic bullet for the garden. They look nice, they suppress grass and weeds, they help plants retain moisture and block out freezing cold, they provide

Von Mises and Roepke

I've always wanted to understand better the differences between Wilhelm Roepke and Ludwig von Mises. This article is helpful: > Roepke and von Mises: The Difference http://t.co/HNOQ1TAEpt > — The Daily Eudemon (@TheDailyEudemon) April 26, 2015 [https://twitter.com/TheDailyEudemon/status/592298580897046528] But the writer never

Monday

Econ Monday Long-time readers may recall that I blogged once a week on economic matters ("Econ Saturday"), in the wake of the 2008 meltdown. I stopped for a couple of reasons: I grew tired of it, my attention floated to other matters (Nockian studies, now Bellocian studies), a

Saturday

Depressing Stuff Anybody here pay their own health insurance premiums? I do. I received notice that my premium is going up 26% this year. And oh yeah: I have to pay a chunk of the same premium increase for my staff. * * * * * * * Great country, this USA. Perfect place to be middle

Saturday

Econ Saturday So what happened yesterday? Stocks got hammered. Oil dropped 4%. Metals held their ground, but that's no big deal. They often do well when the other investments tank. Well, the April unemployment numbers were dismal. The unemployment rate fell to 8.1%, but it was because

Monday

Student Loans The student debt problem is getting more and more press . . . and more attention in Congress [http://online.wsj.com/article/SB10001424052702303978104577364120264435092.html?mod=WSJ_GoogleNews&mod=igoogle_wsj_gadgv1] . The whole debate infuriates me. The federal government created this mess by throwing a ton of money at

Wednesday

The Ben Bites Back Bernanke has been slashing back at Ron Paul and proponents of a gold standard. He says a gold standard handicaps the government's ability to address economic conditions. Link [http://www.reuters.com/article/2012/03/20/us-usa-fed-gold-idUSBRE82J17A20120320] . The left-wing Atlantic loves it [http://www.