Archive for the “Economics Lessons” category

How 80,000 Jobs Disappeared

November 24, 2008

According to the Financial Times (all the news that’s fit to print), in the last week, the world’s economies lost 80,000 jobs. I have one question: How?
Seriously, how in the hell does something like this happen? The world did not stop turning.
These 80,000 people don’t want to be poor. They [...]

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Posted in: Conspiracy Theory, Economics Lessons, Left Libertarian | 1 Comment


Errata

November 21, 2008

In Why Can’t We Secede?, Mike Gogulski noted that I inadvertently attributed a quote to him, when credit should’ve been given to John at blagnet.
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One of my pet peeves is correcting people who use the wrong definition of inflation/deflation, so I’m glad that Anarcho-mercantilist made a blog post pointing out that I used a wrong [...]

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


What’s So Bad About Deflation?

November 20, 2008

In response to a Christian Science Monitor article on the perils of Deflation, Todd asks:

The whole idea of “deflation” seems mostly nonsense to me. The only way to have true deflation is through a decrease in the money supply (like destroying money). I think when they say “deflation” they usually mean what I would call [...]

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Posted in: Economic Fallacies, Economics Lessons | 1 Comment


What is an Appropriate Tax Rate? (and Other Questions)

November 18, 2008

A reader asks several questions in response to my 11/5 post, How Do Taxes Destroy Productivity? I would like to take a few minutes to respond to his (her?) inquiries.

Is your argument about the NJ “vig” that NJ’s economy suffered as a result of this tax? That NJ experienced negative economic growth, or increased [...]

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Posted in: American Politics, Anarchy!, Economics Lessons, Government is Slavery, Left Libertarian, Taxation is Theft | 10 Comments