Where Profit Comes From

This theory of profit/interest has major implications for the understanding of capital accumulation, the determination of real wages and the general standard of living, taxation, inflation/deflation, and the business cycle. It also provides the basis for the overthrow of virtually all aspects of Keynesianism and its system of national income accounting, along with an equally fundamental and thorough refutation of Marxism and the exploitation theory.

Sam Harris Versus the Self-Made Man

Sam Harris recently published an article in The Huffington Post entitled "A New Year's Resolution for the Rich" in it, he says: "…devotees of self-reliance rail against those who would receive entitlements of various sorts — health...

What Obama Fears Most

The thing about liberal socialists, or anybody who’s wrong, is that they hate dissension. Dissension reminds them that there are such things as reason, facts and logic. Case in point: Barack Obama. He recently stated, “What we can’t do is refight the...

Will The Tea Party Congress Bring Recovery?

While the markets have known for almost three months that the 2010 election delivered the House of Representatives to the tea-infused Republican Party, I did expect a greater reaction on Wall Street to the formalities of the opening sessions of Congress yesterday. If...

Economics Doesn

Q: In your article, “Economics Doesn’t Explain the Housing Market Collapse,” I think you are being a little naive in thinking the housing collapse was caused by a sense of entitlement. This was calculated economic warfare against the middle class, an...

USPS Forever Stamps Tell Us Much

The United States Postal Service announced last week that all future first class postage stamps sold will be the so-called “forever stamps” that have no face value but are guaranteed to cover the cost of mailing a first class letter, regardless of how high...