Eric Scheske

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Economics

Thursday

Consumer Culture You want to see golf carts that cost $20,000 and go nearly 40 miles per hour? Go to The Villages in Florida. Swanky golf carts are all the rage, and people are putting serious time and money into them. Lawfully, they're only supposed to go

Wednesday

Labor v. Leisure There's a thing called the "disutility of labor." It's a fancy phrase that basically means people prefer leisure over labor. We constantly see people make current sacrifices in order to get advantages later, and one of the principle advantages is leisure.

TDE News Flash

Even the Grey Lady now acknowledges the looming problem of rising prices: Companies Raise Prices as Commodity Costs Jump [http://www.nytimes.com/2011/02/15/business/15prices.html?_r=1&partner=rss&emc=rss&src=igw&pagewanted=print] . Stock up on everything. Now. I suspect

Wednesday

Crushing the Youth This article about the "college tuition bubble" [http://nakedlaw.avvo.com/2010/06/8-reasons-college-tuition-is-the-next-bubble-to-burst/] is interesting, but its content doesn't support its assertion. The assertion: College tuition is in a bubble that is about to get pricked. The content then gives eight reasons

Wednesday

Von Mises I'm fifty pages into Human Action. Only 850 pages to go. I'm impressed, to put it mildly. Of course, I went in expecting to be blown away, so the book had a receptive audience, but still: it's awfully impressive so far. His

Thursday

Random Thursday The MSM economic cheerleaders at CNBC say the housing market has entered the Depression zone. Link [http://www.cnbc.com/id/41019790]. That's a significant admission from an unlikely source. I appreciate the candor, but I really liked this little piece of trivia: "The value

Wednesday

Understanding The Federal Reserve A month ago, I said I was going to tackle Allan Metzer's A History of the Federal Reserve. Unfortunately, it broke my tackle. The book is difficult, largely because it uses a lot of professional terminology. I'm still glancing through a page

In Case You Missed It

"Congressman Ron Paul told Judge Napolitano last night on FOX Business that the incoming-chairman of the House Financial Services Committee, Congressman Spencer Bachus, has verbally notified Paul that he will be named Chairman of the House Subcommittee for Domestic Monetary Policy and Technology." Link [http://www.economicpolicyjournal.com/

Wednesday

Schiff and Black Friday Stories If you didn't hear, Peter Schiff has a daily radio show now [http://www.schiffradio.com/pg/jsp/charts/audioMaster.jsp?dispid=301&pid=51185]. Robert Higgs (featured here yesterday) appeared on the show Monday evening. Based on what I can discern,

Monday

Gold and Genocide A writer for The Atlantic wonders why the United States government is hoarding so much gold [http://www.theatlantic.com/magazine/archive/2010/11/uncle-sam-8217-s-mysterious-hoard/8254/] . It's a great question: if gold is the barbaric relic, and we're all Keynesians now, why hold