In my previous post I described how business cycle booms and busts are the norm, not the exception. Also, surprises, accidents and disappointments will happen regularly. We should all prepare for these national and individual Black Swans, and those of us who are...
It has now been almost seven years since the world went through its last financial meltdown, or Black Swan, and from sixty-eight years of personal observation, it’s about time for another one, because they always eventually happen, no matter what the elites and the...
If you were in a line of fast moving cars running in and out of fog and suddenly the fog parted and you could see that the bridge ahead had just collapsed, and that cars were falling into the deep canyon, would you continue to speed forward because you enjoy how your...
This short post is a thanks to KMPH-CA for its video report about "ObamaCare Having A Destructive Effect On ERs". https://www.youtube.com/watch?v=B3mU7eRPYSE Where was this kind of common sense reporting when the "Health Law-That-Can-Be-Anything" was first concocted?...
Continuing from my previous post: Why don't progressives/statists/elitists see these enormous problems and costs which damage most of us and say, “You know, we’ve tried this for fifty years and it hasn’t worked. Let’s at least consider something else.”? The Answer A...
Background Let’s start with two irrefutable laws that always govern no matter how much wishful thinking is thrown at them: 1. Resources—labor, capital, natural resources, time--are always limited and must always be allocated in some way. Allocation by price is...
Timothy Egan’s Op-Ed piece in The New York Times, of March 15, 2014, entitled “Paul Ryan’s Irish Amnesia”, tries to link 19th century English complicity in the Irish potato famine to Paul Ryan’s concerns about creating multi-generational government dependency in...
The healthcare delivery and payment debacle of the previous decades, brought to a head with the passage and current dismantling of Obamacare, lead us to find an alternative that might actually work. As neither a doctor nor a politician, but as a student of economics,...
Henry Hazlitt was a great Economist. As I first mentioned nine months ago, Hazlitt wrote Economics in One Lesson in 1946, then updated in 1978. It reads like today’s news, because it is filled with economic truth, not political or editorial wishful thinking. Members...
A recent event causes me to write again about a subject which I first posted on in September, 2010: The Russians and Us. Having lived and worked in Moscow on and off for twenty-two years, last month’s end to our Cathedrals in the Kremlincompany’s five year...
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