Default Records

Seeing current concerns about the money owed by Greece, I wondered about her past record.  Until 1932, it was not good.  The first report of Greece defaulting on her debt was during the fourth century B.C.  At the time, ten…

Unemployment History

With unemployment data scheduled for a Friday release, it might be helpful to place the numbers in perspective. The Dallas Fed has illustrated the following conclusions through a series of graphs comparing employment trends now to past recessions. 1. The…

Hayek vs. Keynes

Good enough to watch, this youtube performance between Hayak and Keynes is similar to a recent Planet Money “boxing match” between the classical perspective and Keynes which I also recommend. Both are helpful when deciding whether you prefer government assistance…

Is the Market Ethical?

Some people believe that government should control areas that we consider most valuable while others say precisely the opposite. The “war” between government believers and market believers was evident in Saturday’s Wall Street Journal. Wherever kidneys are paid for through…

Who Should Get A Kidney?

Some say that it is unethical to pay someone for a kidney while others say it is unethical to use a method (a government list) that makes fewer donor organs available. As always, choosing is refusing. The debate continues in…