Monday, April 20, 2015

Unsustainable Marxist Economics

An Austrian Economist in France Speaks Out

An Austrian Economist in France Speaks Out

Key Excerpt:

"The purpose of economic science is to study how human societies work —  that is to say, the way human beings behave and interact with each other. However, it is undeniable that thinking precedes action. Man is endowed with reason, which means that each and every action is actually a thinking process above all. This point is particularly highlighted by the great Austrian economist Ludwig von Mises, whose magnum opus is titled Human Action."

Friday, April 3, 2015

How Liquidity Drives the Stock Market

Loose monetary policy is driving the stock market, as per Dr. Frank Shostak.  With the Fed keeping interest rates at record lows, coupled with programs like Operation twist(US Bond purchasing program), the monetary unit loses its value with every X+1 printed. Read "How Liquidity Drives the Stock Market"

Monday, March 30, 2015

Hockey Helmets Are Unsafe: Much ado About Nothing

ESPN reports on a study that states that Virginia Tech University claims that Hockey Helmets are "unsafe". This finding is not ground breaking. Why? First of all, the notion of "safe" vs "unsafe" is subjective.  In other words, some hockey players way want to wear a "safer" helmet, and some may wear one that is "unsafer".

Do gooders seek to have a perfect world: A world where head injuries in hockey never occur. This is possible if a helmet was designed to stop all head injuries. What would be the cost to obtain this helmet? My guess is that this sort of helmet would be so costly that no one would play the sport of hockey.

The ideal route: The sport of Hockey provide a standard for all players to have. They all must wear a helmet, and the players are notified of the risks in wearing the helmet.

Sunday, March 29, 2015

Payday Loans and Predatory Politicians

Payday Loans and Predatory Politicians


"Populist politicians argue that they’re trying to “protect” poor people from “predatory” lenders. But what they’re really doing is taking away the last recourse -- from the already severely limited options -- for poor people in urgent financial need.
Before seeking to regulate payday lenders into submission — or oblivion — it’s important to ask: what’s the alternative?"