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…

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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.”

It’s a Wonderful Bank Run


We all remember that famous scene in the James Stewart movie,”It’s a Wonderful Life” where Stewart’s character, George Bailey, is trying to calm a panicking crowd in his Building and Loan. It would have it that the film’s evil character, Mr. Potter had started a rumor that Bailey’s Building and Loan was “illiquid”, that it…

History Rhymes: A Look At Deutsche Bank


Many a free marketeer has made projections as to when this bubble infested economy may implode. Some rely on the weakening purchasing power of the world’s currencies as central banks devalue their currencies at an ever accelerating rate. Others look eastward as China begins to compete with the western central banking status quo. We see…