The Great Credit Contraction The Great Credit Contraction is a book by Trace Mayer, J.D. which covers the credit contraction of our times, in the face of quantitative easing and ongoing efforts to reflate. This book gets straight to the point, which can be a little intimidating at first glance. The book deals with the… [Read More]
Improve Economics and Help Feed the Poor at the Same Time
Robert Murphy, an economist, teacher, and author who is a member of the Mises Institute, has challenged Paul Krugman to a debate on the Keynesian versus Austrian business cycle theory. Since Paul Krugman, a nobel laureate and top Keynesian, has refused to engage in open debate with the Austrian school until now, Robert has decided… [Read More]
Book Review: Economics In One Lesson
Economics In One Lesson, by Henry Hazlitt: A book review Have you ever been confused when politicians speak of tariffs and subsidies? Does talk of inflation make your head spin? Henry Hazlitt helps clear away the fog of economics in his book, “Economics in One Lesson ” (Amazon affiliate link). The one lesson is very simple:… [Read More]
Is It Time to Nuke the Spill?
Another week passes by, and another tens of thousands of barrels of oil gush out into the Gulf of Mexico, adding to what is possibly the U.S.’ worst environmental disaster. With the failure of one attempt to stop the leak after another, pundits are now starting to look at more drastic (and perhaps insane) alternatives,… [Read More]