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Economics

A collection of 182 issues

Wednesday

The Ruling Class You've seen cyber-lists about the horrible state of the U.S. economy. This site [http://theeconomiccollapseblog.com/archives/rich-vs-poor-14-funny-statistics-and-14-not-so-funny-statistics-about-this-economic-recovery] has taken the exercise one step further: it has juxtaposed

Thursday

Gold, Yuan, Drugs Many years ago (five? ten?), I was at a law seminar. One of the presenters decided to make a funny quip by referencing a certain group of nutty people who have about as much of a grasp on reality as people who want a return to the

Monday

George was More Popular? Where are we today, as a nation? I'm not sure, but very few of us like the leviathan that we've allowed to creep into every facet of our lives. Significant: According to Harvard and Stanford law professor Lawrence Lessig, only 11% of

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

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