Archive

Category Archives for "Economics"

How the economy really works, how to fix it, who is breaking it, and why they are breaking it.

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Unemployment Benefits Increase Unemployment

The massive government/financial sector fraud and coercion that caused the crash of 2008 as well as the ongoing recession still remains largely uninvestigated and entirely unprosecuted. Bernie Madoff’s fraud is not only small by comparison, it is not even relevant to the real causes, which still exist. However, let’s look at one side effect in […]

4

Social Security is a Ponzi Scheme

A Ponzi scheme pays a profit on existing investments out of the money collected from new investments. Administrators decide how much profit to distribute, which makes a Ponzi scheme very appealing to investors because it can provide very consistent and predictable profits as long as new investments steadily increase. If the administrators increase profit distributions […]

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Communism vs. Free Markets at Plymouth Rock

I learned from an article entitled  Our Forefather’s Failure (at LibertyUnbound.com) that the colonies at Plymouth Rock and Jamestown tried both free market and communist systems—long before Karl Marx was born. The Pilgrims landed at Plymouth Rock in December 1620, and in spite of help from the Native Americans, half of them died the first […]

A Tale of Regulation

At the request of one of my fans, I have spent a few minutes to list some preliminary thoughts on the following pro-regulation story Libertarians Are Dumb – Why We Eat Heinz Ketchup. According to the proponents of regulation, more than 100 years ago, only Heinz used fresh tomatoes in their ketchup, and all others […]

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