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Just what is Capitalism?
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…
How Sanctions are effecting the Russian Economy
Keith Farrell The downing of Malaysian Airlines flight 17 has raised tensions that seemed to be cooling between Vladimir Putin’s Russia and the West. Western leaders have threatened to levy additional sanctions against the Russian economy as finger pointing over the incident continues. The West has joined together to decide just how to punish Russia,…
10 Times Inflation Destroyed Economies
As a result of the defeat in World War I, Germany had to pay reparations in gold or foreign currency, in annual installments of 2 billion goldmarks plus 26 percent of the value of Germany’s exports.
Punting to Politicians
Just as reliably as the sun rises and sets, so too with every election are there those who change their positions and defend the new ones tooth and nail over the old ones. No, it’s not the politicians, it’s the people who support them. Despite the fact that it often seems as though it’s always…
Regulatory Capture: Wolves Guarding Hen Houses
Regulatory Capture is a process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…
Liberal article on food stamps and race backfires
The liberal blogosphere erupted in delight last month at a story that was first covered by Addicting Info. The story reports on 30 individuals arrested for food stamp fraud in New York. The piece is titled “30 People Arrested For Food Stamp Fraud; Guess How Many Were Black.” The answer is none. None of the…

