Capital and Interest Theory

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Phone Cards, My Big Investment

Capital and Interest Theory

Blog04/17/2007

I remember Mama. She was a shopper along with her other talents. And since baby sitters were beyond the means of middle class families of her era, she took the 6 year old who was to become me, along. Clinging to her discounted skirts, I caught the shopping bug. It was a life-long infection. I...

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The sham of "socially responsible investing"

Financial MarketsCapital and Interest TheoryMoney and Banking

Blog04/11/2007

The sham of socially responsible investing (SRI) is exposed in a recent New York Times column by Joe Nocera. This incisive article concludes that SRI "oversimplifies the world, and in so doing distorts reality....

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Foreigners and Those Vast US Dollar Holdings

Financial MarketsMoney and BanksCapital and Interest TheoryMoney and Banking

Blog04/09/2007

A correspondent on the LRC blog refers to the

"....ominous growth in dollar denominated debt instruments held by foreign central banks and foreign investors ...the impact...when foreigners...

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Milk is the Future!

Booms and BustsCapital and Interest TheoryInterventionism

Blog04/09/2007

An interesting case of the failure of micro-central planning comes from Shaliuhe, China, as reported in the Economist. This rural area has the misfortune of being ruled by local bureaucrats who...

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"Insider Trading" is Back

Legal SystemCapital and Interest TheoryMonetary TheoryPhilosophy and Methodology

Blog04/07/2007

The ancient transgressions of murder, pillage, bestiality, thievery, and rape still shout from the headlines. O Tempora, O Mores, as the ancients proclaimed in dismay a couple millennia ago: meaning what crummy people, what crummy times. They ought to read this morning's paper — they...

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Penn and Teller Send Up Wal-Mart Hatred

Media and CultureCapital and Interest TheoryProduction Theory

Blog04/07/2007

Once again, Penn and Teller hilariously explode the myths and superstitions about capitalism with a healthy contempt and a plethora of curse words, so use discretion.

Here's Wal-Mart Hatred is Barbara S...

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Give The Japanese An "A" for Effort

Global EconomyCapital and Interest TheoryMonetary Theory

Blog02/07/2007

Historically, you know, we have a couple of grievances with the Japanese. First, healed over like an old wound, are the events of December 7, 1941. In the usual American tradition, we won that war but we lost the peace — said the experts. (I'll tell you why later.) Next, was the Great...

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Can Wealth Make Us Happy? Sort of

Media and CultureCapital and Interest TheoryPhilosophy and Methodology

Blog01/29/2007

Let's say that we could generate a graph with happiness in rows and wealth in columns. The curve slops perfectly upward. The more wealth you have, the happier you are; the less wealth, the less happy. The same goes for countries: poor countries are packed with people who are down in the...

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The State Against Economic Law: the Case of Minimum Wage Legislation

Capital and Interest TheoryInterventionismMoney and BankingProduction Theory

Blog01/22/2007

When it comes to matters such as the theory of evolution and stem-cell research, so-called liberals—i.e., socialists who have stolen the name that once meant an advocate of individual freedom—ridicule religious conservatives for their desire to replace science with the dictates of an...

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