Tags » Austrian School

30 Basic Points On Economics

1.

An “economic good” is something people want that is scarce.

2.

Plenty of things are not traditional “economic goods.” Love, ideas, and this article, are three examples. 370 more words

Conscription and other Draconian Taxes - Ryan McMaken

Conscription (i.e., “the draft”) was ended in the United States more than forty years ago, but it continues to be widely used outside North America and Western Europe. 376 more words

Commentary

From Game Theory to Group Action

In a recent thought experiment, I argued that institutions—including government institutions—are just the cost we pay for better outcomes. Specifically:

We want things—food, shelter, entertainment, whatever it may be—and in order to get those things, we need 

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Economics

Apple, Inc. is a small country

It’s good to be Apple. Really good. As of this week, in fact, $700 billion worth of good. Apple’s closing price of $122.02 per share on Tuesday made it the first American company ever to cross that market-cap threshold.

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Unsurprisingly, Obama offers awful business advice

So what if your company just burned 800 million in cash its last fiscal year? Burn more. From Business Insider:

President Barack Obama said “shame on them” after being asked about reports that, 

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Insanity is...

Insanity: doing the same thing over and over again and expecting different results.

From NYT:

Across the country, there is a booming business in lending to the working poor — those Americans with impaired credit who need cars to get to work.

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