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Wine Wars Book Review

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It is a never ending frustration that critics assume that globalization is a major factor in causing continued grinding poverty around the world when the obvious explanations of corruption, Byzantine bureaucracy, and idiot economic regulatory structures are the great constants of perpetuating poverty in a world of abundance.…

Innumeracy And Economic Policy

Innumeracy And Economic Policy

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Author provides multiple examples of general innumeracy. Innumeracy is defined as a person's inability to make sense of the numbers that run their lives. Innumeracy was coined by cognitive scientist Douglas R Hofstadter in one of his Metamagical Thema columns for Scientific American in the early nineteen eighties. See…

Is the US a Democratic Fascist Nation?

Is  the US a Democratic Fascist Nation?

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A major myth about capitalism is that is characterized by a business cycle. In fact, there is no such thing. What we commonly call a business cycle is a government induced credit cycle. We live in a state of democratic fascism, which is the actual system that…

Statism and the Small Saver

Statism and the Small Saver

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As bad as it is in the rich west, conditions for the small saver are far worse where poverty predominates. There is no chance for growth without accumulation of capital generated by the savings. The policy prescriptions of statist, western economists have only made matters worse.…

Gold Is Green

Gold Is Green

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Byproducts of inflation are debt, wild speculation and increased volatility – booms and busts. Most important from the environmental perspective is that monetary inflation results in persistent generalized increases in consumer prices. This creates a mindset of buy now before prices go up further - exactly what policy makers want.…

Single Parenting in the Global Economy

Single Parenting in the Global Economy

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Women make many choices that are alien to most men. Children are just one of many such choices. Women tend to approach life itself very differently from men. This is all hard wired into our biological, evolutionary base. Men will be more focused on career and making money as a…

Capitalism By Another Name: Sweeter Still

Capitalism By Another Name:  Sweeter Still

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We are in the only age where there is no cultural consensus about anything. People are making it up as they go along because there is no cultural point of reference. We need a new word or phrase to denote this system impelling accelerating change referred to by Marx…

Importance of Free Trade to the US

Importance of Free Trade to the US

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Trade is critical to the global economy.…

Income Inequality

Income Inequality

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Starting life with the labor market value of zero, we work toward greater productivity as we gain skills.…

Fundamentals Of Economics

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The author provides a quick summary of the economic principles of supply and demand.…