Freight being shipped over seas

Imports equals Exports

“Imports equals exports, or you can rearrange the equation to say exports equals imports – @EconCircus[1] The questions: Is a trade surplus or deficit possible in a barter economy? The answer: Yes, but only when one someone gives something away for free. Under voluntary trade one party exchanges goods or services for another’s in a […]

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Dead End sign for economics

The End of Mainstream Economics

“Economics ends where Keynes begins.” – @EconCircus[1] Please pay attention to the current state of society and take stock of the economic failure ahead. The anti-capitalist polices championed by mainstream economics has led us here. Now, we have the opportunity to watch as they lead to cataclysmic failure one after the other. Here are a […]

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Empty shelves

Where are the Medical Supplies?

“The Centers for Disease Control and Prevention (CDC) does not recommend that the general public wear N95 respirators to protect themselves from respiratory diseases, including coronavirus (COVID-19). Those are critical supplies that must continue to be reserved for health care workers and other medical first responders, as recommended by current CDC guidance.”[1] Consider how bad the […]

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Airplane to refer to their bailout

Airline Bailout

“A firefighter has never been criticized for using too much water.” – Bank of Canada Governor Stephen Poloz[1] What is the problem with paying people to do nothing? Let’s begin with an extreme example first, then work back into a real-life example using the airline industry. What would happen if the government shut down 90% of […]

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At home with gas mask and toilet paper

Economic Apocalypse

“It’s that rat circus out there, I’m beginning to enjoy it.” – Max Rockatansky[1] Think about every post-apocalyptic film you have ever seen. Whether it is a global pandemic, robo-apocalypse, global warming, zombies or an alien threat, they all share the same central problem: low to non-existent “social co-operation.” In such a film, there is […]

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“May you live in interesting times.”[1] Most people don’t aspire to obtain a position of absolute power over others, but many psycho-sociopaths do, and some of them even seek political position with the belief that they know what’s best for you and me. It was Hayek who had a chapter in The Road to Serfdom […]

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