Archive for the ‘Economics’ Category
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Worried about the national debt? You should be but that isn't the fundamental problem. The debt is only a symptom of a much larger problem. I touched on the fundamental problems in earlier posts (http://getoddnews.com/tag/economics/ and http://getoddnews.com/tag/overpopulation/). The latest nail in these economic follies is provided by some hard data at http://prl.aps.org/pdf/PRL/v105/i19/e198701 which shows that as globalization increases economic stability decreases !!!!
This is another hard empirical economic data point that spells bad news (more...)
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BOOK REVIEW
Author: F.A. Hayek
Publisher: The University of Chicago PressI have heard about this book for a long time and was more than curious about it. Surrounded by controversy it was difficult to separate fact from fiction by reading reviews of the book. In fact in the reviews I read about this book two things became immediately apparent:
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Blind irrational overwhelming unreasoning rage striking without warning. Sometimes amusing in a perverse sort of way but often causing not just havoc but, on occasion, death. Unfortunately plagues of anger and violence continue spreading unchecked across the globe creating an epidemic of unprecedented proportions.
I'm not talking about outrage or legitimate anger. I'm talking about some serious contagions gradually infecting all the world's various cultures be they religious, political, economic or even philosophical in nature. The fundamental question is; What is the cause and how do we combat or cope with this pestilence?
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It's a perilous (and time consuming) odyssey one undertakes to publish a book as I am learning. I enter this arena because I wrote a book on economics. The latest result of the mental therapy instigated by my daughter to keep me from turning into a mental vegetable. The book is called Dominance Economic Principles and I'm including a preview here as well as a brief account of my current status chronicling this journey. First off here is the PREVIEW:
Reference:
EAN-13: 9781452802183.
ISBN: 1452802181 -
Once again we hear the hackneyed and ubiquitous rationale “too big to fail” as governments bailout yet another irresponsible enterprise! This time it's a country, Greece. Looming on the horizon are Spain, Ireland, and California. Who knows maybe the entire economic system is threatened! When you think critically about the situation then several embarrassing questions immediately arise:
- Who's paying for all these these bailouts?
- How did we get in this situation?
- More importantly what can be done to fix things?
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Yup. A trillion dollars here and a trillion dollars there; first thing you know we'll be talking about real money. (more...)
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I've written before about the plight of American industry, how this plight affects the country and its industrial base, and how it can possibly be addressed. I'll not repeat those arguments here but instead focus on just one aspect of that plight. Sadly and regrettably learn more »
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Personally I prefer my food to be healthy and not poisoned or contaminated and products that are reasonably safe which will not blow up, catch on fire or otherwise harm me or my children. Thus I'm all for some official (and effective) cultural/economic regulation as long as it doesn't strangle the economy. read why and how
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Yes grandma Oddball and I are old enough to remember gas price wars. Real price wars not like these wimpy wars shown in the accompanying picture and in those days the wars included give aways like drinking glasses, free maps and restrooms. These gas stations are pikers compared to the prices we remember. When we lived in Idaho (1960s and 1970s) gas prices were typically $ .309/gallon (yes, just 30 cents/gallon!) and at the peak of the price wars the price dropped to $ .179/gallon (back then the 9/10 cent tax surcharge was actually a significant amount). Ah, the good old days when there was real competition not the pseudo-monopolistic situation we find ourselves facing today.
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