Keynesian Policies Are a Flop
World unemployment is on the verge of breaking new records. This trend will continue until 2017. That’s the news from the International Labour Organization …
labor
What the Labor Pool Collapse Means
Where have all the workers gone? One of the most bizarre happenings in our current economic environment has been the surprising collapse of the …
The Skill Set of the Young and Smart
The unemployment rate for 19-24 year olds hasn’t moved much since 2008, and the reality of the tight job market has fully dawned on …
The Speakeasy Economy
Reflecting on the sheer vastness of this sector of life, one realizes the fiction, for example, embodied in official government statistics that record only the on-the-books sector of economic life. These agencies are pumping out half-truths and whole myths every day. One further realizes the immense damage that would be done to humanity in general should there come a time when government actually managed to enforce all its edicts. It would be catastrophic. We owe much of our prosperity to people’s willingness to enter the rebel class.
The Elves of Capitalism
One reason that the Brothers Grimm fairy tales have such appeal — more so than the folklore that came before — is that they …