There is a concept in economics known as comparative advantage. The idea is that we are better off by specializing in the things that we are good at, and trading with others for the things that they are good at. We’re all better off as a result. It doesn’t even matter if one person is better than… [Read More]
Weekend Reading: Shoot For The Stars Edition
So, what’s going on with the price of gold again? It is $1830 as I write this… and depending on who you talk to, gold is either in a huge bubble (which the same people have been saying since it broke $1000) or it is drastically underpriced (which another group of people have been saying… [Read More]
Weekend Reading: Thank You Edition
The past week has been beautiful, with warm weather, lots of sun, and allergies that have subsided a bit lately, actually letting me function outdoors! The downside is that our balcony and windows are full of more spiders and bugs than ever… a crow seems to have built a nest on the roof, and some… [Read More]
Weekend Reading: Osama, Harper, and Commodities Edition
Talk about a lot of events that have happened recently! Osama Bin Laden was killed by a group of Navy SEALs, Canada’s Conservative party won a majority mandate, and gold, silver, and oil have crashed hard, bringing the Canadian dollar down with them. It looks like the long awaited correction (for some) is finally happening…. [Read More]