Definition of Economics: Economics is the study of how self interest manifests through the human race. _James Quillian
The most common transaction a human being makes is to bargain freedom away in return for comfort. This is the first transaction a person makes and continues to make throughout a lifetime _James Quillian
"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." _Plato
"Taken' and leavin' is the way of the world."_Uncle Remus
Government is a means to an end. Folks with political power get to use government to get what they want. _James Quillian
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Understanding Monetary Policy
Because economists as a rule believe in the imaginary incentive to serve, they work on the basis that Federal Reserve Open Market Committee members are selflessly doing all they can to do what is right for the economy. Because the … Continue reading →
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