Category Archives: Trade

economics in video games

Mises.org has a must-read article about monetary inflation in video games. Video games, especially massive multiplayer online video games, serve as mini experimentations in economics. When free people are able to transact (to create wealth) in video games, then an … Continue reading

Posted in Economics, Inflation, Trade | 2 Comments

econ 101 – wealth creation

When economists talk about wealth creation, they are usually referencing the differentials in what value people are willing to pay from something and what the value the seller would be willing to sell for that same thing. This is known … Continue reading

Posted in Econ 101, Economics, Standard of Living, Trade | 1 Comment

hetty green – why money does not mean wealth

In modern politics those who have a lot of money are labeled as wealthy. Countries with a strong currency or a lot of gold are labeled as wealthy. But this gives people a false sense of reality. People need to … Continue reading

Posted in Economics, History, Standard of Living, Trade | 2 Comments

democratic science platform

Science ain’t an exact science with these clowns Continue reading

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stitching clothes together is poverty

If you are still not convinced that our policymakers’ objections are inane, consider this: As our U.S. athletes march around the track at London’s Olympic stadium wearing their Chinese-made uniforms and waving their Chinese-made American flags, the Chinese athletes will have arrived in London by U.S.-made aircraft, been trained on U.S.-designed and -engineered equipment, wearing U.S.-designed and -engineered footwear, having perfected their skills using U.S.-created technology. Continue reading

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no winners with free trade

Apparently, the free trade agreement means lost of jobs for both(!) countries. They must magically disappear in the ocean after leaving each respective country. Protectionism is a movement led by con artists, selling snake oil to gullible saps to make personal gain. Continue reading

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