Charlie Brown stopped by my office a couple of days ago. He happened to look at my production schedule and gasped, "You don't have time to get all of that done by January. Thanksgiving falls on your publication day (Thursday), and so do Christmas and New Years. The other days, people will not have money, … Continue reading Charlie Says, “See you next year.”
Month: November 2025
Conflicting Objectives
I want to develop an easy-to-understand basis for people to comprehend the disruptive nature of government intervention in any market. Generally, people get a view of only one side of most economic issues. If a particular intervention helps a specific group of people, the idea seems good. In addition, I think that most people view … Continue reading Conflicting Objectives
Trade Deficits, Tariffs, and Other Stupid Policies
Introduction I’m one of those who believe that all government intervention does damage to the market economy. Taxes shift costs and distort the allocation of resources. The government always implements regulations that waste resources or have no real justification. Most government deficits create an expansion of the supply of money, which has the same effect … Continue reading Trade Deficits, Tariffs, and Other Stupid Policies
Subjective Theory of Value – Expanded
Introduction All economic theory rests on some assumption about value, but, similar to Newton's vague allusion to gravity, few economists clearly and precisely define the source and measure of value. Even my friends who espouse the Austrian methodology tend to regress to some intrinsic theory of value after they have given a clear and concise … Continue reading Subjective Theory of Value – Expanded