The Real Fiscal Cliff

The media is now fixated on an apparently new feature dominating the economic landscape: a “fiscal cliff” from which the United States will fall in January 2013. They see the danger arising from the simultaneous implementation of the $2 trillion in...

Return of the Gold Standard

In my latest book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, I devote a full chapter to the merits of the historical gold standard and reasons to reinstate it. What I did not mention and few investors notice is...

Nuisance, Zoning, and Property Rights

One of the primary justifications for zoning is to prevent “incompatible” land uses, such as keeping industrial facilities out of residential areas. Such “incompatible” uses are regarded as an inherent nuisance, and rather than wait for the nuisance to occur, the use...

European Leaders Play With Fire

The world economy today stands at the doorstep of great change. A gathering crisis looms in Europe, splitting the Continent into two competing blocs. While leaders there face off against one another in a high stakes game of chicken, the rest of the world powerlessly...

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