Category Archives: Economics

price controls topple regime

Posted on July 10, 2013 by christopher fisher

There is a major story that all Mainstream Media seems to have missed. While the MSM report on the riots in Egypt and the overthrow of the Morsi regime, they miss the real cause. Here is Michael Amerhom Youssef: More … Continue reading →

Posted in Econ 101, Economics, Goverment, Leftists, Price Controls | 3 Comments

all I really need to know I learned from video games – part 2

Posted on July 3, 2013 by christopher fisher

Another game I played during my summer months while home from college was RuneScape. In RuneScape, individuals can fish, mine, chop trees, cook, or pick from a dozen other skills to level. Each skill produces items which can be sold … Continue reading →

Posted in Econ 101, Economics, Labor, Trade, Video Games | 1 Comment

all I really need to know I learned from video games – part 1

Posted on July 2, 2013 by christopher fisher

From Thomas Sowell’s Basic Economics: If the entire contents of a store get sold out in about two weeks, then that penny on a dollar becomes more like a quarter on the dollar (26 cents, to be exact) over the … Continue reading →

Posted in Econ 101, Economics, Trade, Video Games | 4 Comments

warning inflation

Posted on June 26, 2013 by christopher fisher

Inflation is the term generally used when there are increases in the money supply and prices go up. Inflation, then, is the devaluation of goods when units of value become too plentiful. This principle applies to other areas of life: … Continue reading →

Posted in Economics, Goverment, Human Nature, Inflation | 1 Comment

art carden being blunt on economic ignorance

Posted on June 21, 2013 by christopher fisher

On Forbes: If you’re advocating price controls and don’t understand what the laws of supply and demand have to say about your proposal, you aren’t courageous or compassionate. You’re dangerous. On EconLog: Perhaps you will be asked “what does it … Continue reading →

Posted in Economics, Price Controls | Leave a comment

regulations make you $277,000 poorer

Posted on June 21, 2013 by christopher fisher

From reason.com: The growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth. As a result, … Continue reading →

Posted in Economics, Goverment | Leave a comment

rental laws destroy more lives

Posted on June 20, 2013 by christopher fisher

The Huffington Post reports on two landlords in San Francisco that harassed and tormented their tenants over the course of 8 years. Already the story smells fishy. Why would landlords want to harass their tenants? Tenants pay rent, and landlords … Continue reading →

Posted in Economics, Goverment, Leftists, Price Controls, Trade | Leave a comment

businesses compete with themselves

Posted on June 19, 2013 by christopher fisher

When people think of competition, they often do not understand that there are far more sources of competitive pressure than other businesses. Individuals might shift to DIY activities, like I did when I could not find sturdy, cheap shelving for … Continue reading →

Posted in Econ 101, Economics, Trade | Leave a comment

price controls cause famines

Posted on June 18, 2013 by christopher fisher

Thomas Sowell, in his Basic Economics, has an excellent chapter on price controls. Because prices naturally settle at an equilibrium price, if the government uses artificial means to set prices then there will either be a shortage or a surplus … Continue reading →

Posted in Econ 101, Economics, Goverment, History, People, Price Controls, Sowell | 4 Comments

the intellectual companions of modern leftism

Posted on June 18, 2013 by christopher fisher

Those who are classified as right-wing in modern America are often slandered as Nazis. This is a peculiar claim, as right wing Americans usually espouse individual liberty and economic freedom. The Nazis, on the other hand, were socialists to their … Continue reading →

Posted in Economics, Goverment, History, Leftists, State Worship | 2 Comments