Archive for “July 2008f 2008”

Consumer Price Index (estimated) 1800-2007

July 30, 2008

Keep up the good work there, boys.

Via Bill Sardi @ LRC

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Posted in: gold bugging | 9 Comments


Rauchen ist gesünder als Faschismus

July 30, 2008

(Smoking is healthier than fascism)
You’d think that the Germans, of all people, would be able to grasp this concept.
To a small extent, you’d be right.  A German court recently overruled a piece of legislation that bans smoking in small bars and pubs. Except they got the argument all wrong.  The ruling establishes that the ban [...]

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Posted in: Property Rights | 3 Comments


Chrysler Kills the Auto Lease

July 29, 2008

Leasing was the slightly more benevolent  version of “planned obsolescence,” which almost ruined the industry in the 1970s.
Throughout the last 20 years or so, it has become increasingly hard for the average person to finance the purchase of a car over a reasonable period of time (less than 3 years) without a significant initial cash [...]

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Posted in: Economics Lessons, Michigan | Be the First to Comment


Money From Nothing

July 28, 2008

1955Design left a comment on Exploiting Ignorance: Money for Nothing,which I feel deserves a stand-alone reply.  In response to my assertion that in the event of credit default, “Nobody has lost anything … on the contrary, whosoever he purchased goods from has already received and has likely spent the money that was created out of [...]

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Posted in: Economics Lessons, gold bugging | 2 Comments