Money =! Wealth

Bastiat, on money: This is the time, then, to analyze the true function of money, independently of mines and importations. You have a dollar. What does it imply in your hands? It is, as it were, the witness and proof that you have, at some time or other, performed some labor, which, instead of turning…

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In Pursuit of Virtue – September Edition

Physics: 10 strange things about the universe I am certain you never knew. Biology: Scientists may have found a cure for malaria. Statism: FBI launches its face recognition software on cameras across the country. Economics: Media juggernaut Paul Krugman doesn’t understand the gold standard, but you can. Sociology: Facebook cited in 1/3 of all divorces…

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Right Premises, Wrong Conclusions

I have noticed that many people can name the problems that we as a society face and how they are or will lead to a disaster. The conclusions of how the problem was created or will be solved, on the other hand, is typically incorrect. Generally, non-economists believe that many of these problems are caused…

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