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Category Archives: The Dismal Science
Government Contractors and the Perpetuation of War
Lockheed Martin has been working on its F-35 Joint Strike Fighter jet since October 26th, 2001. Like Bell Boeing’s V-22 Osprey tilt-rotor personnel aircraft, the F-35 has had a long and infamous development phase over the past 12 years. Its … Continue reading
Posted in Envisage, The Dismal Science, The Four Pillars
Tagged alternative, Austrian Economics, deficit spending, economics, F-35, fiat currency, free market, government, government contractors, Joint Strike Fighter, JSF, Lockheed, Lockheed Martin, Lockheed Martin F-35 Lightning II, Ludwig von Mises, military, military industrial complex, NPR, Pentagon, perpetuating war
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Public Debt: Redux via Municipalities
I was inspired by a segment on NPR’s Morning Edition today as it related to yesterday’s post about public debt. It hit me that national debt may draw the most attention, but there might be a bigger issue in another … Continue reading
Posted in The Dismal Science, Wesism
Tagged Act 47, Chapter 9 Title 11 United States Code, cities, currency, debt, deficits, distressed cities, External debt, Federal Reserve System, finances, Government debt, Harrisburg Pennsylvania, inflation, Linda Thompson, Maywood California, money, Morning Edition, municipalities, NPR, PA Act 47, Pennsylvania, Philip Bagus, public debt, Steven Reed, Stockton California, United States, value of currency
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Public Debt: A New Perspective
I just finished reading an article by Philip Bagus from a few weeks back regarding public debt, both internal and external, and I’ve a new perspective on the subject. You can find the article here. So, a question to start: … Continue reading
Posted in The Dismal Science, Wesism
Tagged Austrian Economics, debt, dollar, economics, euro, European Central Bank, European Union, Eurozone, External debt, GDP, Germany, Government debt, Greece, Japanese economy, Mises Institute, Paul Krugman, Philip Bagus, public debt, Robert Reich, Spain, trade deficit, US economy, value of currency, yen
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The Tyranny of Minimum Wage
Statists love to flaunt their ostensible compassion for the masses. This is the very nature of the welfare state. Many times these welfare policies are accepted by the masses and lauded for their charity and concern for the poor, the … Continue reading
Greece: Cut Loose
News has been swirling around the European Debt Crisis for a couple years now. Most of which has been centered on the PIIGS nations, in particular Greece. With the impending doom of Greece being cut loose from the European Union, … Continue reading
Posted in The Dismal Science, The Four Pillars
Tagged Angela Merkel, drachma, economics, euro, European sovereign debt crisis, European Union, Eurozone, finances, France, Germany, Greece, PIGS (economics), prediction, Spain, UK
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Robert Reich Jumps Off a Cliff
Last night on NPR’s Marketplace segment, Robert Reich gave his commentary on the European debt crisis and the supposed results of the austerity measures taken to correct the crisis there. From the onset of the first sentence of Reich’s opinion, … Continue reading
Posted in The Dismal Science, The Four Pillars
Tagged American Public Media, austerity, Austrian Business Cycle Theory, Austrian Economics, Bush, Bush tax cuts, debt crisis, economics, European debt crisis, government, housing crisis, Marketplace, NPR, Obama, policy, politics, Robert Reich, social welfare, taxes
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