Monthly Archives: July 2014

Common Sense is Not Automatic

Let me review some basics with respect to Common Sense Economics. First know that using common sense is not automatic. First one must learn to recognize and remove the euphemisms of life, which distort our thinking. Without this first step … Continue reading

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Economics of Illegal Immigration

I would like to remind folks that more than being a legal issue, illegal immigration is a labor market issue. This makes it an economic problem and government cannot solve economic problems. Governments can only make political decisions. Economic decisions … Continue reading

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What Janet Yellen Doesn’t Know

Learn enough and one seems to disregard or forget the basics. Perhaps one can earn a Phd by faking it, never even knowing the basics. Most likely someone like Yellen, believes that with her brilliance, she can override the basics … Continue reading

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Economics of Patriotism

Is patriotism a virtue? The Germans thought it was a virtue before and during WWII. So did every country that participated in the war. When King David sent multitudes of his subjects to die fighting the Philistines, certainly patriotism was … Continue reading

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Stock Prices and Phantom Buyers

How does a stock price rise when more money is going out of the stock than is going in?    Free Cheese  The correct answer is that it cannot, provided the trading arena is actually a market. Where herding behavior is … Continue reading

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Friends of the Federal Reserve

Those using common sense know that over time government and crime merge. Of course one must set aside all euphemisms of survival long enough make that observation. Absent of euphemisms, we also see that those in elected office are sociopaths … Continue reading

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Where did we go wrong?

Common sense economics provides a way to know such things as what should the government do with respect to economic policy? What should citizens do with respect to the government? Ivy League economists answer these questions constantly and folks are … Continue reading

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