MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Economics’

Ignorance Versus Stupidity – LewRockwell

Posted by M. C. on November 9, 2017

These days the US idea of free exchange on earth often involves cluster bombs.

https://www.lewrockwell.com/2017/11/walter-e-williams/ignorance-versus-stupidity/

According to some estimates, there are roughly 100 million traffic signals in the U.S. How many of us would like the U.S. Congress, in the name of public health and safety, to be in charge of their actual operation? Congress or a committee it authorizes would determine the length of time traffic lights stay red, yellow and green and what hours of the day and at what intersections lights flash red or yellow. One can only imagine the mess Congress would create in the 40,000 cities, towns and other incorporated places in the U.S. But managing traffic lights — and getting good results — is a far less complex task than managing the nation’s health care system and getting good results, which Congress tries to do. Read the rest of this entry »

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I Wish I was a Real Economist, Then I could Explain Mercantilism

Posted by M. C. on June 11, 2012

Economics is part of everything we do, not just buying or selling.  Do I save this week’s allowance or go out to dinner?  Do I spend my time cutting grass or watching the ball game?  Do I throw myself on the grenade or run like hell?  Weighing the benefits of everyday decisions is economics in action.  Economics extends into every facet of life.

There are a lot of economic related concepts

POTUS Obama is a corporatist, among other things.  He doesn’t want the government to own companies, just tell them what to do.  When failure eventually comes the company CEO gets the blame.  Think promoting the Chevy Volt, then shutting down its factories because no one wants an effectively 30-40 mile per charge car, costing 3X the conventional import that has  good mileage.  Mercantilism is corporatism’s black sheep relative.  It is the free market Corleone style.

I can’t explain it but Gary North can.

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