So, the old man in Venezuela says that hyperinflation is the answer to our prayers. Has he finally gone off the deep end? Has he joined the ranks of the most insane in this asylum, in which we are all compelled to live? If I have, I take comfort that I am in good company. […]Read more "Hyperinflation __ The Answer To Our Prayers for Small Government and Free Markets?"
Gary North is one of my favorite libertarian pundits. All of his writings have a wry humor to them. After reading this recent post I found at LewRockwell.Com, I thought it needed to be shared with my conservative friends. Who among us couldn’t use a little chuckle in these trying times? Only a mind like that […]Read more "A Little Satirical Humor ala Gary North"
What is LIBOR and why should we care? Let’s start with the first part of the question. From Wikipedia: The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks. It is usually abbreviated to Libor (/ˈlaɪbɔr/) or LIBOR, or […]Read more "LIBOR Manipulation _ It Matters"
The interaction of supply and demand in determining the price of a goods and services and even labor works very effectively when the markets are truly free. That is not to say the one will necessarily be happy with the result that the law of supply and demand produces and this is especially true in the […]Read more "The Law of Supply and Demand in the Labor Market"