The Gravity of Choice

One of the fundamental laws of economics is that human beings act on incentives. People make choices to act every day, all the time. The choices they make, are without fail, whether they will be left better or worse off. As a matter of fact, people remain inactive until they have made their choice whether…

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Americans are Starving!

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…


Bitcoin and Money

The debate over whether Bitcoin is a money or not has cooled down quite a bit. But it’s still worth understanding what all the fuss was about. To do that, we first need to understand what constitutes a money.


The Batmobile, Value and Prices

Recently, the Barrett Jackson Auto Auction made automotive history by auctioning off the original George Barris “Batmobile” for an astounding $4.5 million. Not a world record but amazing nonetheless. The 1964 Aston Martin DB5 used in James Bond films sold in 2010 for $4.6 million. The value individuals place on such rare automobiles is merely…


The Law of Decay

Any scientist can tell you that all things physical are under a state of decay. Whether it’s as small as an atom or as large as a planet, all matter is in decay. What physicists referred to as entropy or the 2nd Law of Thermodynamics, is in all energy exchanges, if no energy enters or…