Deflation Economics
By John Schroy, on April 10th, 2010 |

Deflation is said to occur when general price levels fall. The last important example of general deflation in the United States occurred during the Great Depression. Federal Reserve officials and central bankers around the world often regard deflation as a greater risk than inflation. Under the Obama administration, US central bankers are now wary of both deflation and inflation.
Healthcare Economics
By John Schroy, on April 7th, 2010 |

Barack Obama failed to achieve his dream of nationalized healthcare for one simple reason.
He forgot that doctors and hospitals were still operating under the Free Enterprise system. His focus was entirely on health insurance, as if this were the only road to healthcare. Doctors and hospitals are still in the private sector.
They are still free to act — and react. And they will.
What would Adam Smith say?
By John Schroy, on March 11th, 2010 |

Most corporate executives of giant companies today are, in actuality, mere employees (‘workers’ in communist jargon) and are not capitalists or entrepreneurs at all.
Their extraordinary remuneration schemes are provided without executives having employed or having risked any of their own capital and is often paid, even as a corporation slides into bankruptcy.
Adam Smith recognized self-interest as a useful trait, but one that should not be allowed to override the nobler virtues.
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