Showing posts with label scarcity. Show all posts
Showing posts with label scarcity. Show all posts

Robert Evans: A Cautionary Tale Of Socialism

My wealthy country became a dystopia overnight.       We like apocalypse fantasies because a part of us thinks it would be kind of fun. No bills to pay, no job to drag yourself to -- life goes back to basics. You don't watch The Hunger Games and really think about what it would be like to have a toothache or yeast infection you can't treat. And you   ... MORE

Economics Is About Scarcity, Property, and Relationships

by Michael J. McKay.   The other day I was having coffee with a new friend, a retired businessman who had customized luxury cars in California. I mentioned I had recently retired from owning an investment firm and had studied economics for many years, especially Austrian economics. Like so many people, he said, “I really don't understand economics    ... MORE

Walter E Williams: California's Water Problems

A water policy that leaves the public thirsty.    Californians are experiencing their third year of drought. Headlines read: "Current California Drought Is Driest In State's History; Scientists Fear 'Megadroughts' On Their Way." "Global Warming Upped Heat Driving California's Drought." Then there are scientific claims such as, "There's a rapidly   ... MORE

Walter E Williams: Basic Economics

Knowledge is power.    "Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena." That quotation, from Nobel laureate George J. Stigler, is how Dr. Thomas Sowell begins     ... MORE

Tim Feran: Fear Of New Gun Laws Stokes Run On Ammo

In preparation for government tyranny.  Gun owners are having a hard time reloading lately as a spike in ammunition sales has stripped shelves bare in shops across the country.   “We’ve been out for a month, and we have no idea when any is coming in,” said David Tait of Ohio Valley Outdoors in Lancaster.   “People want to come in, and we just don’t ... MORE