Econowmics Blog

Autarky

Autarky

The world says: “You have needs — satisfy them. You have as much right as the rich and the mighty. Don’t hesitate to satisfy your needs; indeed, expand your needs and demand more.” This is the worldly doctrine of today. And they believe that this is freedom. The result for...

Normal good, inferior good, Giffen good

“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number–for example, have people dig holes...

R: Fibonacci Sequence

One one two, three five eight Sounds so simple, nothing great Thirteen, twenty-one, thirty-four The hinges creak on an opening door A repeating patter of the masters hand Signing his work, the universal plan Learn to look, the pattern’s plain to see In the smile you flash, the dance of...

The Cheerleader Effect

“I don’t want to hear another negative word about cheerleaders. If it weren’t for cheerleaders, who would tell us when and how to be happy during athletic events? If it weren’t for cheerleaders, how would America’s prettiest girls get the exercise that’s so vital to a healthy life?”  Let It...