Back to Economic Basics

   By Bob Shapiro

My blog is about 2½ years old now, and I’ve had well over 30,000 views. Articles automatically also get posted onto my Facebook page, where a larger number of my friends see them; most of the comments show up on my Facebook page.

While I still write posts myself, the lion’s share are re-posts from friends around the world who write well on the issues which are important to me (hey, it’s my blog). Many times, I fall into the trap of forgetting that many (most?) readers have zero training (and less understanding) of the subjects I blog about.

Because so many people (Americans and not) have no real clue about the good that is Capitalism and the benefits that each person enjoys because of Capitalism, I’d like to go over a few basics. So, this is for the good people out there who say things like, “He can afford it,” and “He’s just greedy and only worrying about making a profit.”

Continue reading

Advertisements

Renounce Climate Alarmism

By Leo Goldstein – Re-Blogged From http://www.WattsUpWithThat.com

“There is no greater mistake than to try to leap an abyss in two jumps”

– David Lloyd George, British Prime Minister in WWI

I think the Republican administration should renounce climate alarmism and climate pseudo-science sharply, unequivocally, and irrevocably.

Climate alarmism is a tool used to wreck America and possibly the rest of Western civilization. It is not about science. It is not about energy policy. It is not even about the power and politics. Climate alarmism is like a memetically engineered weapon of mass destruction unleashed on the U.S. and destroying our country from the inside.

Continue reading

The Mystery Behind Economic Growth

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

We learn, out of the blue, that “the Eurozone is performing well, but with opinions divided on the causes, doubts linger over whether it is a sustainable recovery” (Daily Telegraph, 19 April). We are also told that economic growth in the US is stalling, as evidenced by downward revisions by the Atlanta Fed, and the fact that the rate of increase in Loans and Leases by commercial banks is also stalling. The Bank of England was unable to forecast the strength of the UK economy in the wake of Brexit.

This article explains why this confusion occurs. It is clear the economics profession is ill-informed about the one thing it is paid to know about, and the commentary that trickles down to the ordinary person is accordingly incorrect. State-educated and paid-for economists always assume the private sector is the problem, when it is the burden of the state, and the state’s futile attempts to manage the consequences of its actions through the corruption of money.

Continue reading

The Next “Advance Auction on Stolen Goods”

By Doug Casey – Re-Blogged From International Man

It appears there are two candidates running from the left wing of the Demopublican Party (Hillary and Bernie), and two and a half from the right wing (Trump, Cruz, and Kasich). Note: The media identifies the Lefties by their first names, a friendly and personal thing, unlike the Righties.

I find it distasteful discussing current political figures. But since somebody new is going to be president come November, it makes sense to figure out who that might be, in order to insulate yourself as much as possible from the damage they’ll do.

Let me start by saying that this is not just the most entertaining election I’ve ever witnessed. But after the 1860 election, which Lincoln won with 40% of the popular vote (the remainder split between Stephen Douglas and two other candidates), I suspect it will also be the most divisive, hostile, and critical to the future of the country. Ever.

Why do I say that? Because the U.S. hasn’t been this unstable since the unpleasantness of 1861–1865.

Continue reading