When times are good, families generally have more babies. This is the trend in modern times. Good times generate more good times. The fertility rate of women of all ages goes up. Demand increases and nations enjoy increased prosperity. However, … Continue reading
There is an unwritten rule among those who watch the economy. When times are good, families have more babies. Across the board, the fertility rate of women of all ages goes up and the population is replenished. Young populations and … Continue reading
As I watch the debate over tariffs, I can’t help but feel the two sides are not speaking the same language. They are talking apples and oranges. One side is concerned only about money while the other side deals with … Continue reading
With the dramatic rise of bitcoin, many are talking about this crypto-currency as the new money of the future. Such a simplification is understandable, since the matter of money is complex. Not all that glitters is gold. Likewise, what appears … Continue reading
As the Christmas season ends, there is a general agreement that the age of malls is coming to a close. Retail sales are no longer dominated by the vast complexes of physical shops anchored by big-box stores once found all … Continue reading
Ronald Reagan once said that an economist is someone who sees something happen in practice and wonders if it could work in theory. The new book, Pope Francis and the Caring Society, appears like a team of economists forced to … Continue reading
In the quest for a golden age for workers, few would look beyond free markets in modern times. This position is backed up by economists using the materialistic tools of their trade. Modern statistics, wages, and living standards all point … Continue reading
It is astonishing to see how so many people think unbalanced markets can be regulated into order. They think that stopping abuses with straitjacket regulations will solve all problems. In the case of frenzied markets, this usually addresses the effects … Continue reading
Self-service is often presented as the best of all buying options because it allows individuals to get the exact product they want quickly without interference from others. This increasingly means interfacing with some kind of efficient machine. People think that … Continue reading
Everyone acknowledges that this is not an ordinary election cycle. Almost as confusing as the campaign events are the explanations of those trying to explain why so many bizarre things are happening. Everyone has a take on the political carnival. … Continue reading
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