Category Archives: Trade

when krugman was sane

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

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property rights are the basis of a civil society

From LearnLiberty:

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

anarchy in the walled city

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

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understanding the dollar and exchange rates

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

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gdp and trade deficits

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

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

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