Monthly Archives: November 2016

9. Economics in One Lesson (chs. 21-22)

http://media.blubrry.com/essenceofeconomics/p/www.essenceofeconomics.com/wp-content/uploads/2016/11/009.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Play | Stitcher | RSSWhat are profits? They’re not so evil after all. They actually make the economy work. Plus, inflation. Inflation is evil. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters… Read More »

8. Economics in One Lesson (chs. 19-20)

http://media.blubrry.com/essenceofeconomics/p/www.essenceofeconomics.com/wp-content/uploads/2016/11/008.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Play | Stitcher | RSSUnions are only good for the economy if they are not backed by government force.  Wages are fair when they reflect supply and demand. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr.… Read More »

Black Thursday and the Free Market

Unless the almighty government steps in to make it illegal, or at least limits the ability, to open retail doors on Thanksgiving, the market is going to decide which stores are open and which are closed. Here are some stores that are open and those that are openly closed today. Open Bass Pro Shops Bealls Belk… Read More »

Next up on Essence of Economics

Given the political climate in the country surrounding such topics as protectionism and immigration, among others, I thought it would suit the listener to focus on these very issues in the coming weeks. After Economics in One Lesson, we’ll tackle a short article by Murray Rothbard on protectionism, followed by an issue of the Journal of Libertarian… Read More »

7. Economics in One Lesson (chs. 17-18)

http://media.blubrry.com/essenceofeconomics/p/www.essenceofeconomics.com/wp-content/uploads/2016/11/007.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Play | Stitcher | RSSFixing prices NEVER works… and this includes when it takes the form of minimum wages! Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 17-18 Or get a hard… Read More »

6. Economics in One Lesson (chs. 14-16)

http://media.blubrry.com/essenceofeconomics/p/www.essenceofeconomics.com/wp-content/uploads/2016/11/006.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Play | Stitcher | RSSWe must allow dying firms to die.  Prices allocate resources to their most efficient uses.  Speculators serve a valuable function in the economy.  And, government intervention to stabilize prices merely subsidizes inefficient producers. Download a pdf of the… Read More »

5. Economics in One Lesson (chs. 11-13)

http://media.blubrry.com/essenceofeconomics/p/www.essenceofeconomics.com/wp-content/uploads/2016/11/005.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Play | Stitcher | RSSTariffs are terrible, policies to spur exports don’t help either side of the transaction, and maintaining parity prices makes no sense. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes:… Read More »