Scott interviews Ryan McMaken about the current coronavirus-induced financial slowdown and what it might mean in terms of the next big crash. McMaken explains that with America's incredibly over-financialized economy, practically the only tool that the government...
economics
Greater Idaho Movement Is the Latest Indicator of a Shift toward Decentralization
Recently disgruntled residents of rural counties in southwest Oregon have been organizing a petition to move Idaho’s border westward to form a “Greater Idaho” that could also potentially include parts of Northern California. This petition...
Why ‘Price Gouging’ Actually Helps During a Crisis
As the coronavirus panic heightens, the price of items like hand sanitizer and medical face masks – to the extent they are still available - are skyrocketing. CBS News reported last week that “Online, sales of virus protection products have skyrocketed, up 817% in the...
Separation of Economy and State
https://www.youtube.com/watch?v=nHQdldtKPRo&t=4s If a group of people do not coercively monopolize how a country thinks, won't people think bad thoughts thus do bad things? Shouldn't we have common sense thought control? If this "cure" seems worse than the...
Hey, Jay, Enough Of Your Stinkin’ Easy Money!
It doesn’t get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more. So if you ever needed a final warning to get out of the casino, today’s...
The “F” Word
There’s a four letter word beginning with ‘f’ that’s on a lot of people’s lips these days. I’m talking about “free.” Free just might be the most powerful word in the English language. It drastically alters people’s behaviors and can short-circuit mental reasoning like...
Data Don’t Speak for Themselves
Check out this graph, data for which were drawn from the USDA and CDC: With a correlation coefficient of about -0.94, these data indicate that for the decade 2000-2009 there was a strong inverse relationship between per capita consumption of beef and the number of...
Physics and the Economic Calculation Problem
Throughout the nineteenth century, economic socialism was given its intellectual foundations by the Utopian Socialists such as Charles Fourier and Robert Owen, and by the ‘Scientific’ Socialists Karl Marx and Friedrich Engels. Austrian economics was only founded in...
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