Archive for the “Economics Lessons” category

How Much Will the Bailout Cost You?

September 21, 2008

FT is reporting that the cost of the bailout will be upwards of $700 Billion. That’s a lot of lettuce.
Assuming 150M taxpayers in the U.S., that works out to about $5,000 per person. That’s the right now cost. If it had to be paid for right now, it couldn’t be done. […]

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Posted in: Taxation is Theft, Economics Lessons, Subsidize This!, American Politics | 4 Comments

Toxic Assets

September 19, 2008

Financial Times reports that Stocks soar on rescue hopes, that a deal is being brokered which would empower the government to manage so-called “toxic” assets. The New York Times calls this the biggest bailout in United States history.
    Q: Why are these assets “toxic” ?
      A: Because they’re illiquid.
    Q: Why are these assets illiquid?
      A: Because nobody […]

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Posted in: Government is Slavery, Economics Lessons | 4 Comments

The Demand for Money

September 9, 2008

Gilligan says, in response to On The Demand for Money:

I don’t think one flows from the other.
A true free market will not alter the prices of something simply because one individual’s desire for more money.
Unless you were talking about enough people demanding more money, where the shopkeeper notices revenue dropping and is forced to drop […]

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Posted in: Economics Lessons | 1 Comment

Comments on Comments # 24

September 9, 2008

I’ve had some problems lately with WordPress. The WYSIWYG editor disappeared. Some people on forums say it has to do with a problem with the TinyMCE or wp_includes file, and may be related to a version update. I never messed with any of these. I’m not sure how my version of WP […]

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Posted in: Economic Fallacies, metablogging, Economics Lessons, Blog Reactions, Anarchy!, gold bugging, Property Rights, Left Libertarian | Be the First to Comment