Showing posts from September, 2011

Econ 101: How Central Banks Wreck Economies Through Business Cycles

Business cycles ("booms" and "busts") inevitably occur when central banks try to manipulate economies. When central banks use such manipulation, it is not fair to call such an economy a free-market economy. This article will explain what booms and busts are, and how they are caused.

Beware of Patriotic Pride

A patriot is wise when he mixes his patriotism with regard for all mankind and with self-searching introspection. But when he overlooks the mistakes of the country for which he holds his devotion, he is an unwise and a dangerous patriot. America is a great nation and  hopefully always will be. Amid all the fervor of 9/11, I can think of no more patriotic duty than to contemplate our national mistakes and how we can correct them.