We Need More Jobs!


As always in an election year, the public clamors for more jobs. Understandably, being unemployed for any reason is a deplorable (did I just use that word?) position to find oneself in. Politicians promise more jobs. But does the market call for more jobs or more production?

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Hyperinflation: Are the Austrians Wrong?


Ever since the Housing Bubble of 2008 imploded, many Austrian economists, authors, and spokesmen have come out to announce that hyperinflation was just around the corner. The concerns of a hyperinflation scenario had much to do with the Federal Reserve’s policy of Quantitative Easing (QE). The Fed had exploded its balance sheet to unprecedented levels since the…

The Economic Problem


Over the years, economics has taken on many different roles than the intended scientific discipline of human action. The study of economics has been broken up into separate, and often competing “schools” of thought. Specifically, the understanding of what economics describes, how it is used to understand certain activity and how to apply economics in…

No Relief For Taxpayers


America’s middle class is disappearing rapidly. Increased taxation coupled with higher living costs are wiping out savings and making standards of living no longer tenable. Rather than respond to this problem those affected live in a depressed political apathy, throwing their support behind polar radicals like Bernie Sanders and Donald Trump whose impressive rhetoric offers…

The Cost of Free


Recently, I’ve been asked what it is I have against socialism. Readers of the Blue Collar Economist may have noticed a large amount of material focused against this most erroneous of economic ideas. For me, it almost borders on a personal matter. It is true that I had, in my youth, certain socialistic leanings. For…

Please! Spare Me, Enough Already!


Recently, I overheard a discussion from a pair of Bernie Sanders fans about how horrible capitalism is because America allowed child labor in the 19th century, during our Industrial Revolution. These people complained that the “Robber Barons” only achieved their great fortunes because they exploited workers, created monopolies and jacked up prices on goods. Thank…

It Is More Than Laissez-Faire


Recently, while on a short vacation, I was able to read Bruce Koerber’s book, “More Than Laissez-Faire”. After having communicated with Bruce on social media occasionally, I thought I’d finally go ahead and read about what he calls, “The Divine Economy.”