Free trade is used to bamboozle the public. It’s how the establishment labels agreements to gain popular support. These so-called … Read the rest
Category: Economics
Purchasing Power of Money
Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest
Bastiat’s Broken Window
An action produces a series of effects. These effects can be divided up between the seen effects and the unseen … Read the rest
Ideological Hypnosis
A systematic hammering of certain ideologies will produce the desired effects on many. This will soften the mind and then … Read the rest
Harmony: The Mercantilist Fallacy
The fallacy destroyed long ago still lives on strong today. Mercantilists believe one man’s gain must be another man’s loss. … Read the rest
The Use of Logic
Economics has been treated very poorly over the years. It’s assumed economics can be measured. This includes: costs, prices, and … Read the rest
Boom and Bust
Injecting more fiat money into the economy creates an artificial boom. The boom period is not good for the economy. … Read the rest
The Consumer is Supreme
Economic activity is guided by the consumers. The entrepreneur directs it, but he directs it at the orders of the … Read the rest
The House of Cards is Built on Statistics
Statism attempts to be super scientific. These sad attempts are made by viewing statistics. Statistics the state made business provide. … Read the rest
What is Progress?
It’s impossible to speak about progress without addressing retrogression. Just because someone says progress or progressive doesn’t mean what they … Read the rest