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Tag Archives: Economics
Friedman’s Four Classifications of Spending
Milton Friedman was no Austrian, but he was certainly right on a few things. One of my favorite concepts of his was the four different methods of spending money. I don’t have a lot to say about this, I’m just … Continue reading
“But What About People Who Make Bad Decisions?”
Recently, I was involved in a debate in which the following criticism was made (obviously I’m paraphrasing here): “Sure, the free market sounds good and all, but how can it possibly correct itself and allocate resources efficiently when some people … Continue reading
Posted in General Theory
Tagged austrian economics, bad decisions, Economics, human action, ignorance, ludwig von mises, rational
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The “Fair Trade” Myth
“Fair Trade” products have carved out a decent little niche for themselves in the market, and are becoming increasingly popular among guilty white liberals. Anytime I hear anything described as “fair” my instinct is to immediately become suspicious, as “fair” … Continue reading
Posted in General Theory
Tagged charity, Economics, fair trade, fairness, fallacies, imports, praxeology, third world
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Sports, Selfishness, and the “Winner’s Discount”
This one is a little off-topic, although I think it deals with a lot of useful economic concepts. I also happen to be a huge hockey fan, a sport which just recently went through a lot of free-agent signings, prompting … Continue reading
Posted in General Theory
Tagged Culture, Economics, selfishness, sports, winners discount
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Nanny State Wants To Lower Your Standard Of Living (For Your Own Good)
How to curb obesity: Tax calories, study says – The Washington Post. What a shocker! A bureaucratic government panel of “experts” proposes to make us better off by requiring us to pay more for the food we enjoy. Yes, our … Continue reading
Posted in News Commentary
Tagged austrian economics, class warfare, Economics, food, government, health, health care, junk food, nanny state, Taxes, Washington Post
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Kathleen Sebelius Makes A Good Point
The Surprising Quote Sec. Sebelius Delivered Regarding a Dying 10-Year-Old Who Can’t Get a Lung Transplant | TheBlaze.com. The conservative media was all over the story of a dying 10-year old girl who was denied the opportunity to appear on … Continue reading
Institute for Energy Research | Earth Day and Capitalism.
Institute for Energy Research | Earth Day and Capitalism. Most of my friends are on the left. Many of them are sympathetic towards the Ron Paul ideology, especially in regards to foreign non-intervention and opposing corporate bailouts and crony capitalism. … Continue reading
Global Warming Saves Lives
It’s the cold, not global warming, that we should be worried about – Telegraph. This just in – cold temperatures kill far more people than warm temperatures do. This isn’t news in the sense that it is new information, but … Continue reading
Posted in News Link
Tagged Bob Murphy, climate change, Economics, energy, England, Environmentalism, global warming, the telegraph
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Dude, Where's My Freedom? 
Economists Oppose Immigration Because “Dey Took Our Jerbs!”
The Bogus High-Tech Worker Shortage: How Guest Workers Lower US Wages | The Business Desk with Paul Solman | PBS NewsHour | PBS. Don’t let the big words and the scientific sounding rhetoric fool you, this piece by Hal Salzman, … Continue reading →