Posted in Economics, Markets Nations Cannot Win or Lose Trade Wars Jim Berger posted on November 1, 2018January 27, 2020 No Comment Nation-states have no resources of their own. They redistribute the resources of their citizens. Nation-states can neither win nor lose when they play with other people’s resources. Tariffs and Read More
Posted in Economics, Markets Economics of Invasion Jim Berger posted on October 30, 2018January 27, 2020 1 Comment More people added to the population of the country adds nothing to its economy, unless they bring capital. Invaders generally don’t bring capital, they consume it. Television screens have been Read More
Posted in Economics, Markets Trade Deficits: An Introduction Jim Berger posted on March 8, 2018January 29, 2019 No Comment President Trump’s threat to impose tariffs on steel and aluminum has triggered a blizzard of articles for and against the proposal. Instead of parroting what has been said by others — mostly Read More
Posted in Economics, Markets Flocking Markets Jim Berger posted on December 21, 2015January 29, 2019 No Comment (Flocks of birds) have a lot to teach us about the behavior of markets and other complex living systems, e.g. individual humans, neighborhoods, markets and a flock of Read More