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…
Back in the 1960’s Economist and Historian, Murray N. Rothbard worked as a reviewer for the William Volker Fund, a conservative and libertarian organization that gave grants to academics for the furtherance of conservative and free market ideas. His job, primarily, was to read and review articles, periodicals and books on political science and economics.…
As we can all remember on that fatal day on June 28th of 2012, when Obamacare passed the Supreme Court on a 5 to 4 decision. The socialist left repeated the mantra ad nauseum, “Elections have consequences!” We remember hearing that same axiom previously when both Sotomayor and Kagan were confirmed. Even Lindsey Graham, the…
In an earlier article, “Economic Ignorance“, we discussed the importance of profits and the incentives to gain those profits. At the end of the article I eluded to the failure of socialism. This article will go into some depth of why socialism is a failure. Flesh and Blood We must first begin with the understanding…
It doesn’t require a PhD in economics to understand the importance of profits. Unfortunately, these delegates don’t seem to grasp this elementary point. To understand what is known as “the profit motive” is to understand human action. People are by nature prone to leisure. That is, people forgo work when it isn’t necessary to achieve…
There are times when a thought just won’t leave your mind. I try to blog on issues that are relevant. Some issues are current and others have happened in the past. In this article I would like to set things straight about the federal government’s position on eminent domain. The nagging thought entered my mind…
There has been much controversy and upheaval since SCOTUS announced it’s 5-4 decision on the individual mandate regarding Obamacare. Many have gone so far as to call Chief Justice Roberts a “traitor” or a “turncoat” etc. as he was the deciding opinion in the decision. Even those who supported Obamacare aren’t so sure they like…
The Blue Collar Economist 