Category Archives: Political_Economy

Gasoline Rationing: Another Economic Fallacy Rears Its Ugly Head

On the free market, the price of a particular economic good is set by the subjective valuations of the marginal (least eager) buyer and the marginal (least eager) seller. The market price will be a price that is low enough … Continue reading

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Libertarian Fiction Update

I added a new novel, Wyst: Alastor 1716 by Jack Vance, to the Libertarian Fiction page.

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Andy Duncan Interviews Professor Jorg Guido Hülsmann

Andy Duncan of The God That Failed blog recently posted a link to an interview that he did with Professor Jorg Guido Hülsmann. Hülsmann is an Austrian School economics professor at the University of Angers in France and a Senior … Continue reading

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Euro Pacific Bank Silver Debit Card

I recently received notice from Peter Schiff’s Euro Pacific Bank about a new product launch: a 100% reserve silver bank account with an associated debit card. In a previous post, Business Idea: A Gold/Silver 100% Reserve Bank, I noted that … Continue reading

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The Futility of Voting – Part 5

The Futility of Voting The Futility of Voting – Part 2 The Futility of Voting – Part 3 The Futility of Voting – Part 4 Thank goodness this coming Tuesday will soon be nothing more than a bad memory. Thus, … Continue reading

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Political Economy Quote of the Week for 20121105

“War is a racket.” – General Smedley Butler, War is a Racket

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Economics:Physics::Work:Productive Economic Activity

On this blog I have commented extensively about the broken window fallacy and Bastiat’s wonderful essay that was the origin of the phrase. I have also noted that the broken window fallacy is more properly called the principle of opportunity … Continue reading

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