How to Speculate Your Way to Success: Doug Casey

So far, 2012 has been a banner year for the stock market, which recently closed the books on its best first quarter in 14 years. But Casey Research Chairman Doug Casey insists that time is running out on the ticking time bombs. Next week when Casey Research’s spring summit gets underway, Casey will . . . → Read More: How to Speculate Your Way to Success: Doug Casey

The Autism of Economics

In a prior post, I offered an alternative explanation for socialism’s failure. In doing so, I critiqued economists that defend the free market on the grounds of monetary incentive structure of being too narrow in their thinking. While monetary incentives play a role in human behavior, they are not the only motivator, and are . . . → Read More: The Autism of Economics

Welfare programs change behaviour

Many people like to envision worlds where the State will tax the rich and help “the needy” – this ranges from free health care to unemployment insurance to disability insurance, etc.

There are many problems with these schemes. One of them is the fact that people respond to incentives. We are not bricks, we . . . → Read More: Welfare programs change behaviour