Capital and Interest Theory

Displaying 71 - 80 of 618

Give The Japanese An "A" for Effort

Global EconomyCapital and Interest TheoryMonetary Theory


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 Scare of...

Read More

Can Wealth Make Us Happy? Sort of

Media and CultureCapital and Interest TheoryPhilosophy and Methodology


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 dumps,...

Read More

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

Capital and Interest TheoryInterventionismMoney and BankingProduction Theory


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 alleged...

Read More

Professor Norman Barry on "Stakeholding" and the Firm

Capital and Interest TheoryPhilosophy and Methodology


My article "Shareholder, not Stakeholder," which argued against the collectivist notion of "the stakeholder," brought forth much disagreement, especially from the bohemian business types. Regarding this same topic, there is this...

Read More

The Great Can Opener Gap

Capital and Interest TheoryPhilosophy and MethodologyValue and Exchange


I'm sick of our economic whiners and their tear-stained statistics. "Ten Million American children go to bed hungry every night." Baloney, thick sliced and ready for your intellectual palate! Who believes such falsification? Were it true, fifty million Americans, given the generosity of...

Read More

Iraq's Monetary Policy

Money and BanksCapital and Interest Theory


I didn't know until the release of the "Iraq Study Group Report" that Iraq's "inflation is above 50 percent. Unemployment estimates range widely from 20 to 60 percent." So a quick look at the...

Read More

Julian Simon's Wager With Paul Ehrlich

Calculation and KnowledgeCapital and Interest Theory


I'm sure most readers of this blog are familiar with Julian Simon's wager with Paul "The Population Bomb" Ehrlich. For those who don't know, Simon let Ehrich pick any five metals in 1980, and he bet that a basket of them...

Read More

Who's Afraid of the CPI!

Money and BanksCapital and Interest TheoryMonetary TheoryMoney and Banking


Everybody worries about inflation these days. It's chic. It's trendy. And it gives me a great comeback to the boss at raise time. "Congrats, Roberts, you're getting a 3% increase."

"Yeah, I just about keep up with inflation," I reply with that snippy look that bosses hate. A smart alecky...

Read More

So Now It's Core Core Inflation?

Capital and Interest Theory


For the third month in the row, "core" consumer prices, which the Fed and accordingly also financial markets have decided to focus on ( for irrational reasons )...

Read More
Shield icon library