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…
I recently critiqued Bernie Sanders’ welfare ideas in the article, “Bernie Sanders’ Welfare Trap”. In the spirit of being fair, this article will address the crazy notion that populist Republican Donald Trump came up with. Namely, a 25% tariff on Chinese produced goods. In this day and age, it’s remarkable how many people still do…
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…
Much of the federal government is out of control because of the establishment of independent agencies and corporations. These operate autonomously on your dime without congressional control. The short paragraph in the link below states that these agencies and corporations help the government to operate smoothly, but who’s minding the shop? Cronies are appointed 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…
We often here the term “market failure” or “a failure in the market” when an adversity strikes the economy. It is used to decry how markets can’t actually function on their own without the government stepping in and doing something to “fix” the problem or regulate a specific sector. The term is used so often…
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…
The Blue Collar Economist 