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Saturday, December 29, 2012

Saturday, December 15, 2012

Doomsday List

One of many out there. This one I only found interesting because it relates to December 21st. Of course, that's not what you should be preparing for, but many of these items are good ideas.




Shaving products



Small mirror

Small scissors



Medicines: eye drops, bacteria/virus infection pills, antibiotics

More here: Doomsday survival list

Even A Caveman

Wednesday, December 5, 2012

Auto Bubble?

With the 2008 financial crisis still lingering in our economy, another mini-bubble regarding the auto industry could be inflating for U.S. consumers and producers. In November, U.S. auto sales rose dramatically to its all time high in over four years. Cheap financing and low interest rates point to the obvious culprit.Another Financial Bubble? U.S. Auto Sales Rise Dramatically

Saturday, December 1, 2012

The Broken Window Fallacy

Does destruction create jobs? After natural disasters, terrorist attacks, and wars, some people argue that these disasters are good for the economy, because they create jobs and prosperity. As Prof. Art Carden of Rhodes College explains, this is an example of the "broken window fallacy," a term coined by Frederic Bastiat. When a shopkeeper's window is broken, he will spend money on a new window, which gives income and jobs for glaziers. This activity is "seen," but the "unseen" is just as important: the money spend on a new window could have been spent on other things. Wealth has not increase, but only reallocated from some people to others, and society is worse off by one window.-