When Taxes Go Up, Rich People Leave
The right-wing conservatives have many fantasies. Muslims will embrace democracy if you invade their countries. Forever monogamy works, as long [...]
It’s Not Capitalism, It’s Corporatism
Today, I’m going to describe what is perhaps the largest single lie of modern-day Societal Programming. So successful is this [...]
Will the Next Recession Be From Inflation or Deflation?
As you are hopefully aware, the US economy is in a bubble. Bonds, real estate, college tuitions and loans, the [...]
China Gets a New Billionaire Every Week
As of first quarter 2015, there is one new billionaire created in China every week. And this is during China's [...]
The Real Reason For Income Inequality
Watch the above video. The reason we have massive income inquality is becaues goverment prints trillions of dollars, the super-rich [...]
China Overtakes the US as the World’s Largest Economy
Well, it's finally happened. If adjusted for purchasing power parity (PPP), China is now the world's largest economy, making the [...]
The Economics of Jennifer Anniston
Recently I was listening to a radio show where they were reporting on Jennifer Anniston's recent remodel of her house. [...]
Rich People
The latest thing everyone is supposed to be mad about is billionaire venture capitalist Tom Perkins comparing the demonization of [...]
Circus Analogy of Economics
Several Austrian economists including guys like Peter Schiff have used what is now called the circus analogy. It goes something [...]