Quote of the Day

Economics is not about goods and services; it is about human choice and action.
- Ludwig von Mises

Quote of the Day

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion – the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals – the technique of the marketplace.
– Milton Friedman

Quote of the Day

Most economic fallacies derive...from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
– Milton Friedman

Money 101

I don't know how many people would find an Economics lecture interesting enough to sit at home and watch it online but apparently I am one of those people. I just started watching The Origin, Nature and History of Money, given by Lawrence W. Reed of the FEE. Since I'm still relatively new to the free market scene, I'm vastly interested in going over the basics. And so far that's what this guy is doing. And, on a side-note, it's making me feel smarter. Which I like, since lately I've been feeling like the process of going from having one kid to having two (pregnancy, sleep-deprivation, etc.) has shrunk my brain to the size of a Fruit Loop. Perhaps I exaggerate, but it really is amazing how invigorating it can be to learn something new.

"[Money] is only useful for what it gets you in exchange, and it's supply must remain scarce in order to preform it's function."
- Lawrence W. Reed

Govt. = Bad Investment

This site calculates how much any taxpayer will contribute to various federal programs per month, per year, and in his or her lifetime. The calculator also estimates what that tax money could have generated in private investment.

(Found on Anything Peaceful the official blog of the Freeman http://www.thefreemanonline.org)

Quote of the Day

A traffic jam is a collision between free enterprise and socialism. Free enterprise produces automobiles faster than socialism can build roads and road capacity.
– Andrew Galambos

Quote of the Day

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
– Ronald Reagan