Category Archives: Trade

when krugman was sane

Posted on February 19, 2014 by christopher fisher

At some point in the last decade or so, a very good economist by the name of Paul Krugman morphed into a very bad rhetorician. My own personal theory is that he saw a very lucrative opportunity to fill the … Continue reading →

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

property rights are the basis of a civil society

Posted on February 18, 2014 by christopher fisher

From LearnLiberty:

Posted in Economics, Goverment, Trade, videos | 1 Comment

anarchy in the walled city

Posted on October 11, 2013 by christopher fisher

All this intensity of random human effort and activity, vice and sloth and industry, exempted from all the controls we take for granted, resulted in an environment as richly varied and as sensual as anything in the heart of the … Continue reading →

Posted in Economics, Goverment, History, Human Nature, Standard of Living, Trade | Leave a comment

understanding the dollar and exchange rates

Posted on October 11, 2013 by christopher fisher

It is a common talking point by laymen that the US dollar should trade at par or greater than the Canadian dollar, the British Pound or the EU dollar. If they wish to make the point that the EU is … Continue reading →

Posted in Economics, prices, Trade | Leave a comment

gdp and trade deficits

Posted on August 10, 2013 by christopher fisher

A recent letter to the editor which stated that the American trade deficit lowers America’s GDP. Specifically: “When an American firm moves production offshore, the United States’ Gross Domestic Product declines by the amount of offshore production, and the foreign … Continue reading →

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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

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 →

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the free market solution to free riders

Posted on June 17, 2013 by christopher fisher

I wrote this years ago to explain to a professor that free riders (specifically those gaining benefits from the free actions of other people in a market economy) is not a market failure: In a normal market economy both the … Continue reading →

Posted in Econ 101, Economics, Trade | 1 Comment