Damn the Torpedoes

by | Jun 9, 2012 | MARKETS

Once economies stop throwing good money after bad, capital is freed up to flow into more economically viable purposes. But economists and politicians never look at the long term. Their job seems to be to manage the economy for the next election.

Business Ethics: Who Should Get Bonuses?

by | Jun 9, 2012 | Business

This story was shared by an MBA student who was trying to assess a personal business experience.  A small technology start-up has started to see some financial success after two years of hard work. The three main shareholders, the CEO and two vice presidents, had made...

Is Fractional-Reserve Banking Inflationary?

by | Jun 8, 2012 | Money & Banking

Certain economists of the Austrian School, and followers of Murray Rothbard especially, oppose fractional reserve banking for at least three reasons. They claim that banks resorting to it defraud people, that they bring about business cycles, and that their activities...

Why the Neediest Are Also the Greediest

by | Jun 4, 2012 | Welfare

A reader asked: Why is it that the people who are the most UNAPPRECIATIVE are also the ones who want EVERYTHING? Great question! The answer is: The neediest are the greediest. Actually, “greed” is not always bad. Greed can mean a zest for life, an ambition...

End Farm Subsidies

by | Jun 3, 2012 | POLITICS

According to the Small Business Administration, 50 percent of all new businesses fail within the first five years. There are many reasons why so many businesses fail, such as an insufficient demand for the product or service, an inability to obtain capital, or...

Chief of Food Police Michael Bloomberg

by | Jun 2, 2012 | POLITICS

The food police are here. And their chief of police is New York City Mayor Michael Bloomberg. He’s seeking to ban big sugary drinks in New York City. “Obesity is a nationwide problem, and all over the United States, public health officials are wringing their hands...