Is Socialism an Ex Ante Rationalization?

A while back, I asked if libertarian political theory was an ex post rationalization used simply to justify the cause of freedom without actually explaining why it worked. It seems reasonable to ask a similar question of socialism: is socialist political theory* simply a rationalization for pursuing a certain course of action?

At first . . . → Read More: Is Socialism an Ex Ante Rationalization?

Great Deals on Gold and Silver: James Turk

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is . . . → Read More: Great Deals on Gold and Silver: James Turk

A fueling fable: Consumer protection issues with payments

On 22nd December 2011, we purchased petrol worth Rs.100 from an Indian Oil fueling station in Bombay using an ICICI Bank debit card. The receipt suggested that we could have saved a fuel surcharge of 2.5% had we used an Indian Oil Citibank credit card. Upon seeing this message, we asked the cashier at the petrol pump . . . → Read More: A fueling fable: Consumer protection issues with payments

Economic Events on February 1, 2012

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

The Challenger Job-Cut Report will be released at 7:30 AM Eastern time, providing an estimate of the number of layoffs . . . → Read More: Economic Events on February 2, 2012