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The Oil Curse Comes to Washington

The Oil Curse Comes to Washington Prices rise and prices fall.  So, too, they fall and rise.  This is how the supply and demand sweet spot is continually discovered – and rediscovered. When supply exceeds demand for a good or service, prices fall.  Conversely, when demand exceeds supply, prices rise.  Producers use the information communicated […]

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Government Price Fixing Has a 100% Failure Rate; This Includes Central Banks

GOVERNMENT PRICE FIXING HAS A 100% FAILURE RATE; THIS INCLUDES CENTRAL BANKS Over the previous half century, economic central planning and price fixing have been intellectually discredited in almost every sector of the economy. In the 1970s many developed countries, including Britain and the United States, had governments which used widespread price fixing, extending to […]

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Garbage In Garbage Out Economics

Garbage In Garbage Out Economics “On two occasions I have been asked, “Pray, Mr. Babbage, if you put into the machine the wrong figures, will the right answers come out? …I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.” – Charles Babbage, Passages from the […]

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No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements

No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%. I am honored to share a remarkable data base of Corporate Fines and Settlementsfrom the early 1990s to the present compiled by Jon […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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