It is apparent that some who advocate for the Austrian School of Economic Theory haven’t quite grasped the basics tenants of Austrianism. One of the basic tenants is the Mengarian theory of subjective value. One of those advocates is none other than Peter Schiff.
Having family in tornado stricken Oklahoma is an uneasy trial this time of year. With the recent Shawnee and Moore, OK tornadoes reminded us in Georgia how precious our family relationships really are. Both my wife and I have had first hand experience with tornadoes and their lasting devastation. As the media reports on the…
Robert McKeown Not too long ago I came across an interview with Nobel Laureate in Economics, Paul Krugman. In this interview, referring to the size of the national debt, he said the size of the debt didn’t matter because we “owe it to ourselves”. We do? I first thought that maybe Krugman was suggesting that…
…
The Blue Collar Economist 