-
I used to believe in protectionism. Several users here tried to persist me to abandoned it, but they did not take me seriously. But after reading Milton Friedman, I can say that I am absolutely convinced that protectionism is nonsensical > this is because the foreigners don't sell goods for dollars...
-
In economics its common place to talk about employment, unemployment, and underemployment... but what about overemployment? Has there been any mainstream papers written on this?
-
I'm a bit of a soft-core libertarian, and an economist in particular. A lot of reading and discussion I have read has let me with a number of questions regarding the worshipped "gold standard." 1) Gresham's law states that "bad" easy currency will crowd out "good"...
-
Nathyn, You obviously haven't read a lot concerning the ABCT. There is a lot of information in this site on it. I recommend all the lectures by Garrison especially, and the on line book "Prices and Production" by Hayek. [quote user="Nathyn"]When fractional reserve banking is established...
-
This Friday I will be teaching a class of High School seniors about the wage, labor, and employment. Before I begin to teach about those topics directly, I would like to, through Socratic questioning, have the class arrive that the purpose of the law is to prevent injustice against life, liberty, and...