Of all of the articles I have written, this one has pained me the most to write. In it, I will have to site and at times defend John Maynard Keynes, not his “General Theory”, but another paper he wrote in 1930 titled, “Economic Prospect of our Grandchildren“. If you haven’t read it, please read…
A simple internet search about the vanishing middle class in America would yield literally thousands of articles about the topic. Not to mention Elizabeth Warren’s infamous book. Left-leaning Russia Today talk show host, Thom Hartmann has also chimed in by postulating that the middle class isn’t normal. He opines that society needs to make…
A few days ago, I had a discussion with a co-worker about the need for the government to regulate “The Market”. Consistently, the definition of terms, most certainly economic terms, leads the discussion to devolve into a debate. Each side arguing past the other as definitions of words or terms are taken for…
When we were in chemistry class, we were told to be careful when mixing certain chemicals together. Most chemicals were inert and safe on their own, but when mixed with another chemical, a dangerous reaction could occur which could yield toxic or even deadly results. A similar toxic reaction can be realized in the…
There have been some recent comments on the web of how bad of a year 1913 was. With the creation of the Federal Reserve System, the passing of the 16th amendment (income taxes), 17th amendment (removal of States power by electing Senators directly) and 18th amendment (alcohol prohibition) much of the liberty Americans once had…
Recently, the Fiscal Times released a story titled “What the Hell Happened to Jon Corzine?” The article goes on to explain that the Commodity Futures Trading Commission had filed civil charges against Corzine for his ties to the collapsed trading firm, MF Global. The charges describe that Corzine was responsible for the misuse of client’s money, to…
There has never been in the history of this country a time when Americans were dropping dead due to starvation. The only exception would be the Jamestown colony of 1607. Those that advocate for a socialist solution for the condition of hunger need only to look back through history at this country’s first attempt at…
The Blue Collar Economist 