Category: economics

What Americans Think Is The #1 US Problem

annotation by Colonel Nogov on Mar. 12, 2015   Read full article here   Are the people in the U.S. waking up?  He said hopefully.  I love this poll.  It’s also from gallup which means it’s fairly accurate.  It obviously…

A brief look at Greece

Article by Colonel Nogov on Mar. 4, 2015   Here is an excerpt from Frederic Bastiat’s Selected essays on political economy  chapter 5: The State. The fact is, the state does not and cannot have one hand only. It has…

Economic illiteracy allows government to flourish

Article by Colonel Nogov on Feb. 26, 2015 Through out history, the ruling class has always tried to keep their subjects uneducated and ignorant in order to acquire and maintain wealth and power.  It’s no different today.  Just because the…

Follow up to GDP doesn’t measure economic growth

Article by Colonel Nogov on Feb. 6, 2015   This is a follow up to GDP doesn’t measure economic growth.  I claimed there that I thought the economy had negative growth for most of the last 30 to 40 years. …

Anarchists are economists

Article by Colonel Nogov on Feb. 6, 2015 I began studying economics about 10 years ago.  I didn’t realize it at the time, but it put me on the path to anarchism.  10 years ago, I, Colonel Nogov was a…

GDP does not measure economic growth

Article by Colonel Nogov on Jan. 30, 2015 Say what?  That’s all the government and talking heads talk about.  GDP this.  GDP that.  The economy’s growing because GDP is X%.  How is it that GDP, which measures spending, became the…

How are laws determined?

Article by Colonel Nogov on Jan. 26,2015   If you haven’t read my post “law vs. Legislation“, please read that first.  When I talk about laws, I’m not referring to the politician’s legislation.  I’m referring to actual laws.  Laws of…

What is inflation? and the current mess

Article by Colonel Nogov on Jan. 23, 2015 I read an article the other day by an author who was trying to refute arguments made by Peter Schiff in one of his television interviews.  This author, in  a very snarky…

Fractional Reserve banking explained for laymen

Article by colonel Nogov on Jan. 20, 2015 Fractional reserve banking is a little understood concept.  Most people don’t think about it or understand it.  Henry Ford said nearly a hundred years ago: It is well enough that people of…

What is a black market?

Article by Colonel Nogov  on  Jan. 15, 2015 I think there is a misunderstanding about what a black market is.  There definitely is among the main stream media.  I was recently reading an article in a main stream newspaper and…