Subscribe to RSSUrban Magnets for Disaster
When it comes to bad stuff the sky’s the limit. It’s gonna happen, eventually…one way or another. And it could be real bad. And when bad stuff happens, you’re...
How Savings and Investment Increase an Economy’s Output
Everyone who has held a job and a bank account understands the potential benefit of postponing consumption today in order to enjoy greater consumption in the future....
A Self-Employed Carpenter’s Continued Thoughts on the Future
My first article on this topic concerned the sharp contraction of the residential construction industry in the U.S. I am a self-employed carpenter. The main thrust...
A Self-Employed Carpenter’s Thoughts on the Future
The world is changing. Currently, as a nation, we have a large and well-trained section of our work force dedicated to residential construction. Unemployment within...
Why Economists Are Not Popular
One of the many reasons why economists are unpopular is that they keep reminding people that things have costs, that there is no free lunch. People already know...
Answering Krugman on Austrian Economic Theory
I still get the sense that Krugman truly doesn’t understand the Austrian position. For example, he asks, “Why is there overwhelming evidence that when central...
Why Paul Krugman Is Wrong on the Austrians
The Austrians on Capital In contrast to mainstream macro models, which either do not possess capital at all or at best denote it as a homogenous stock of size “K,”...
How to Replace Austerity with Freedom, Independence and Prosperity
The Economic Collapse Blog has this list of examples of how European-style “austerity” is already hitting the U.S., including cities closing schools and fire...
In Praise of Anarchy
Left alone, good people tend to do good things. And, when unobstructed by coercion, force, violence or any other tool employed by the state in order to foster and...
Under the Sun of That Dream
“In the end, we will remember not the words of our enemies, but the silence of our friends.” — Martin Luther King Jr. My father grew up at the bottom of a...
Picture du Jour: U.S. at risk of losing its AAA status?
While the debate about the U.S. debt ceiling is taking place, Société Générale is of the opinion that a downgrading of the country’s sovereign debt is just...
Mass Killing Was Insanity, Not Politics
It’s not the Second Amendment I’m worried about right now, but the First. According to popular opinion it was a combination of the two that got six people killed...
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