It's almost time for my summer break. In addition, I cannot publish articles while my crew works on my publishing system. They seem to believe that they cannot work around my publishing schedule, and they might be correct. So...I will not post anything until October 1, 2024. In the meantime, stay out of the heat. … Continue reading Summer Break
Month: August 2024
Wake Up America
Yes, wake up America!! If Kamala Harris gets to implement her economic policies, you are in for some really tough times. I’m old enough that I might avoid the worst of it. But I have seen a lot of this stuff in the past. In high school, we had to practice crawling under our desks … Continue reading Wake Up America
Inverting the Constitution
"The powers delegated by the proposed Constitution are few and defined," Madison wrote. "Those which are to remain in the State governments are numerous and indefinite." On Jan. 5, 2014, Walter Williams wrote: "Here's a question I've asked in the past that needs to be revisited. Unless one wishes to obfuscate, it has a simple … Continue reading Inverting the Constitution
How to Measure the Value of Money
If you want to measure the value of money, don't try. You cannot measure economic value (of anything). It seems a little counter-intuitive to say that one cannot measure the value of money when 1) value plays such an important part in economics and 2) most market exchanges occur with the use of money. Understanding … Continue reading How to Measure the Value of Money
The Shrinking Money Supply Revisited
Because of recent turmoil in financial markets I have decided to republish this article with a few amendments. I suggest that readers keep in mind the importance of changes in the quantity of money. When the quantity of money increases, increasing prices signal shortages (that don't really exist). In response producers increase production creating goods … Continue reading The Shrinking Money Supply Revisited
How Does Money Get Value
This question should be easy to answer. Money gets its value from the same source that any other good does; it gets its value from individuals. That means that the value for every individual is different from that of every other individual. But many don't fully understand that fact. Source of All Economic Value Frequently, … Continue reading How Does Money Get Value