The government is screwing up the economy; here's how to survive and succeed in spite of that.

Work

10 Lessons Employees Can Learn From Entrepreneurs

When budgets are allocated for projects, employees have a tendency to work around that number, rendering it all but impossible that the projects could cost less...
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LVG C.VI civil conversion

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....
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Money

10 Ways to Let Your Money Work for You

Photo by Keoni Cabral 1. Rental Real Estate Rental real estate is the classic way to have your money work for you. You may choose either to make a down payment on a property and have your tenants pay the mortgage, or pay for it in full so that you own it outright, which can mean some ...
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Adam Smith

10 Economists Everyone Should Know About

Economics. Typical reactions range from blank stares to annoyed grumbles. It never has been sexy or hip, even if sexy or hip wouldn’t really exist without it. Since Fan Li wrote the “Golden Rules for Business” in 517 BC, people have been studying, writing about, and ...
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food lines

10 Myths About FDR and The Great Depression

Photo by woodleywonderworks 1. Government Spending Ended the Great Depression A commonly held belief is that government spending stimulated the economy and eventually ended the Great Depression. Reality is excessive government spending took badly needed resources from the private sect...
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outsourcing remote staff

A Defense of Outsourcing: What You Haven’t Considered

Outsourcing — sending manufacturing or services work abroad where it can be done more cheaply — can be a tough sell in the best of times. It’s even more of a challenge when jobs in the U.S. are already hard to find, making it painful to think of precious jobs being s...
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Why Fixed Interest Rates Are Bad

Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as ...
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DSC_2011 Media Tour to Honduras1561

10 Reasons to Love the Free Market

Photo by US Mission to the United Nations Agencies in Rome 1. The free market reduces poverty A 2013 study published by the World Bank which examined 18 countries over four decades, found that 75% of the income gains accruing to the bottom 40% of income earners were a result of econom...
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August 2009, Havana, Cuba

10 Socialist Arguments Destroyed

Photo by kenteegardin 1. Higher taxes help the poor High taxes do not help the poor; economic growth does. When the taxes go up, those costs are usually just passed on to other people or spending is restricted. Either way, the net effect is often a huge hit on the economy. Millions of...
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The Case for Competing Currencies

Almost forty years ago the economist Friedrich Hayek wrote a book entitled Denationalisation of Money-The Argument Refined: An Analysis of the Theory and Practice of Concurrent Currencies. Its thesis was that money and monetary order would be better provided by the private sector; ins...
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I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.

— Thomas Jefferson

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