Category: economics

Gresham’s law is playing out right now

Article by Cal Nogov on Feb. 24, 2016   If you’re not familiar with the economic law called Gresham’s law, it basically says bad money drives good money out of circulation.  What that means is if people are willing to…

Monopolies

Article by Ben Doolin on Feb. 22, 2016   The first time I attempted to explain freedom to a hard core Statist, the very first thing out of his mouth (in a condescending tone… intended to imply the vast ignorance…

Comforting Lie #12 –The FED is Good

Article by Bob Podolsky republished by permission on Feb. 15, 2016 Originally published at Titanians.org   Comforting Lie #12 – The Federal Reserve System is a government operation that exists to protect the public by stabilizing the economy. Most people…

The Boom Bust Cycle

Article by Ben Doolin on Feb. 12, 2016   No doubt you’re familiar. In this new century… we’ve already seen two cycles and are headed into the deflationary portion of the third. So, why does it happen? John Maynard Keynes…

The intellectual dishonesty of Robert Reich

Article by Cal Nogov on Feb. 10, 2016   So I came across this meme the other day. In this article, I’ll only be examining item #1 on the meme.  “Middle class spending creates jobs by demand.” This is kind…

Socialism; a teenager’s argument

Article by Cal Nogov on Feb. 4, 2016   I’m going to post this on my website for everyone to see, giving you full credit of course Mister Spicoli  Hoover. Here is a facebook comment I thought deserved a little…

Price fixing causes shortages explained for laymen

Article by Cal Nogov on Jan. 19, 2016   Price fixing causes shortages.  Price fixing is when the government mandates a good or service must be provided at a certain price in contradiction to where the market would set the…