Category: Economics and politics
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Gold: Not likely to be worth much if the economy collapses
Is gold a good investment? Since January 2024, the price of an ounce of gold has increased from $2,000 to over $5,000. For anyone who…
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The Haircut/Chicken Ratio: My failed attempt to come up with something like the Big Mac Index
My intuition was that inflation for services has been faster than for commodities. This turns out to be mostly wrong. Indexing to the year 2000,…
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The American Experiment: Democracy isn’t going away
It’s impossible to predict how the American experiment will evolve, although some are trying. Drawing a parallel to the rise of Fascism in Europe in…
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Temptation Avoided, Character Unproven
Freedom has been defined as the opportunity for self-discipline Dwight Eisenhower Temptation is democratic, and it’s elitist. It’s democratic in that everyone experiences it: We…
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A Critique of Marginal Revolution: Interesting but not courageous
Some of the most interesting people happen to be unpleasant. The economics blog Marginal Revolution is like that. I’ve been reading and benefitting from it…