A Defense of Keynes: Well, Not Really


Of all of the articles I have written, this one has pained me the most to write. In it, I will have to site and at times defend John Maynard Keynes, not his “General Theory”, but another paper he wrote in 1930 titled, “Economic Prospect of our Grandchildren“. If you haven’t read it, please read…

What’s Up with the Middle Class


  A simple internet search about the vanishing middle class in America would yield literally thousands of articles about the topic. Not to mention Elizabeth Warren’s infamous book. Left-leaning Russia Today talk show host, Thom Hartmann has also chimed in by postulating that the middle class isn’t normal. He opines that society needs to make…

The Failure of Socialism


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…

The Fallacy of Price Gouging


As the coastal areas of the United States prepares for hurricane Isaac, I expect to read more stories claiming the ungodly practice of “price gouging”. That is, the practice of greedy businessmen taking advantage of people in times of crisis by raising prices on essentials as bottled water, food, gasoline, hotel rooms and so on.…

Obamacare Redux


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…