Russ Roberts has a great short piece Don’t follow the money on the buy local movement at Café Hayek. His ending sentence is the best one line summary of the buy local scene I’ve found.
We have tried buy local before. It is called the Middle Ages.
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This entry is part of a series, Conference Board Indicators» This is part 2 of a series. The lead post is at Conference Board Economic Indicators Part One . As we saw in part one there are 10 leading indicators included in the Conference Board’s indexes. In this post I want to examine each [...] This entry is part of a series, Conference Board Indicators» Economic indicators such as the unemployment rate comprise a large part of the business news. Understanding the main indicators and their relationship to the overall economy will aid in understanding both the current economic condition and the most likely future developments. It’s well worth [...] Written by Henry Hazlitt, Economics in one lesson is one of my favorite books. The same economic fallacies seem to carry forward from generation to generation and especially government administrations. The most common being the overwhelming tendency to look at only the first layer of effects resulting from an economic proposal or action. [...] Poking fun at Minkiw’s 10 Principles. Yoram Bauman has several hilarious routines and this one at YouTube is great. If you’re a fan of Robert Schiller (Homepage, Wikipedia) then you should follow through his open course ware at Yale. Check out http://oyc.yale.edu/economics/financial-markets/content/sessions.html for the recorded lectures, notes and resources. Not for everyone but Mr.. Rockwell is a fantastic speaker with strong ideas. If you have any Austrian school ideology then you especially will enjoy. All three parts below: Part one Part two Part [...] Moral Hazard appears often in the economics and political commentary of the current period. What is it and why do commentators worry about it. [...] There are a few things in the world that are considered to be present in such abundance that they are in effect free to all. The classic examples usually given are seawater and air. All other needs and wants are subject to scarcity. There being a limited supply of the good (or service) to [...] |
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