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The Free Market is not Free: The Grave Inefficiency of the Price Mechanism

In classical economic theory, all the participants in the economy are assumed to have perfect and complete information, at all times, about everything they need to know in order to make the best decisions about how they should behave. 1,609 more words

Act II: Free-Market Folly: Why Economics Is Not A Science

Snakebites 213: Pressure Cooker

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00:28 – NY terror attack. The news media. John and Mel hipster out and rant about network television. 71 more words

Liberty

A Free Market Economy

Today we’ll have a history lesson. Based on the title above some of the sharper among you may think this is going to be an economics lesson, but based on the current situation this concept may start to be a thing of the past, therefore this becomes a history lesson. 845 more words

General Political Issues

We Need More Jobs!

As always in an election year, the public clamors for more jobs. Understandably, being unemployed for any reason is a deplorable (did I just use that word?) position to find oneself in. 1,093 more words

Economics

Supply and Demand

What is supply and demand? Well when looking up the simple, straightforward definition the first one that pops up on Google is, “the amount of a commodity, product, or a service available and the desire of buyers for it, considered as factors regulating its price.” (wiki) In laymen’s terms it just means, the more a product is wanted by a person shopping, the more there will be of that product, and most likely at the highest, reasonable price, for the most economic gain. 545 more words

The "extreme centre" is collapsing under its own contradictions

The emergence of new political parties, movements and figures across Europe and in the United States is creating some cracks in the political and economic order of the last three decades. 866 more words

The Ornament

As seen from space
this earth appears to be
a gorgeous tree ornament
meant to be hung at Yuletide
upon the boughs of a perfect fir… 80 more words

Poetry