The Capitalist in the Hat

The case of Seuss enthusiast Charles Cohen beautifully illustrates the harmony between personal profit and service to others in the voluntary market economy. For good or ill, entrepreneurs will provide what the customers want — whether it’s one fish, two fish, red fish, or blue fish.

Real estate lending goes nowhere despite Fed action

Ever since the current depression began, the Fed and most Washington politicians have assured us that quantitative easing, low interest rates and stimulus spending would all combine to set the state for real estate to “lead us out of the recession.” As far as I can tell, this theory is based on the idea that if real estate values can be re-inflated, then people will buy more houses, more furniture and more stuff.