As we enter the Summer of 2011, we are faced with, in my opinion, a dangerous combination: inflation and persistently high unemployment. Despite of (and in some cases, in spite of) the actions taken by the Obama Administration, unemployment is still over 9% … Continue reading
We’ve all heard the stories of rent control (government mandated price-controls and restrictions on rented properties such as apartments). In fact, rent control is the canonical example economists use to demonstrate the effects of price ceilings. Well, this article from The Bay Citizen explain the … Continue reading
What is Capitalism? It is easy to get sucked into a series of punditry, of over generalizations and over simplifications. I’d like to address some of the myths surrounding Capitalism. Myth: Capitalism is all about profit. Fact: Capitalism is about profit. But … Continue reading
Last night, US troops finally found and killed Osama bin Laden, the architect of the 9/11 attacks. You can read all about it here.