by Runaway Slave | Sep 20, 2011 | capitalism, economics, Freemarket, Libertarian Curmudgeon
Evaporation of Wealth on a Vast Scale How $1-million can disappear September 19, 2011 By Elliott Wave International The bursting of the “debt bubble” which started in 2008 is far from over. It’s the financial story of our age and it’s happening...
by Runaway Slave | Nov 18, 2009 | bailouts, capitalism, corporate state, Economics, Essays & Articles, fascism, Freemarket, Libertarian Curmudgeon, state capitalism
There have been many deeply mistaken ideas that enjoyed almost universal acceptance until reality overtook the illusion. Take for instance the once unquestioned truth that “Key West real estate never goes down.” The persistent and widely accepted falsehood I have in...
by Runaway Slave | Nov 4, 2009 | Current Affairs, Economics, Essays & Articles, Free Market, Freemarket, government jobs, Libertarian Curmudgeon, stimulus money, stimulus package
Fighting capitalism is a thankless task that requires not only a colossal arrogance, but a masterful mendacity. A notable example is the Obama administration’s bragging about having created 640,000 jobs with $159 billion of “stimulus” money. Whether that many jobs...
by Runaway Slave | Sep 23, 2009 | Current Affairs, Essays & Articles, Free Market, Freemarket, Health, Health Care, health insurance, Libertarian Curmudgeon, Obamacare
My readers in their comments about medical care uniformly show a great, and on the evidence, inexplicable trust in Uncle Sam’s ability to do exactly what he promises. They show an equal distrust of ‘greedy’ insurance companies. While mistrust of insurance companies is...
by Runaway Slave | Jul 29, 2009 | Deflation, Economics, Essays & Articles, Freemarket, Libertarian Curmudgeon
This morning, my wife Sally and I received some kind words from Key West blogger Rock Trueblood about our past in Key West real estate. Having people praise Sally as knowledgeable and honest is always appreciated, but nothing new. A reference to me, however, as...
by Runaway Slave | Feb 2, 2007 | Deflation, Economics, Freemarket, Gold, Inflation, Libertarian Curmudgeon
"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." ─ Daniel Webster It was 1996. Alan Greenspan, the architect of the largest financial house of cards in...
by Runaway Slave | Nov 7, 2005 | Essays & Articles, Freemarket, Law, Libertarian Curmudgeon, Liberty, Licensing
Like a Pope Gregory granting dispensation from sin to Crusaders, our local government has suspended the need for building repair permits in our flood ravaged city. In doing so our leaders admit what they never would in normal times. Permitting and building inspection...
by Runaway Slave | Oct 5, 2005 | Ecology, Economics, Essays & Articles, Freemarket, Libertarian Curmudgeon
My column last week about recycling drew more comment than most. Because I light no candle to the Patron Saint of Carefully Sorted Trash some of my readers found me guilty of heresy. They scolded me for what they took to be my distain for the wise and careful...
