Day: January 15, 2009

January 15, 2009

Two “Laws” of Economics We Need to Break

OK … they’re not really laws, but they are justifications that the world of economists have used for decades to explain the woes of the world away. For those of you who haven’t taken a 101 course, here they are: Other things being equal ("ceteris paribus") There are no externalities We MUST recognize that these ‘rules’ can no longer be discarded. The first rule is […]

January 15, 2009

US Military Warns of Potential Mexico ‘Collapse’

Is it me, or are more and more headlines about economies and countries ‘collapsing’?  I know it’s there bread and butter to whip people into panic, but this is starting to feel a little over the top. Mexico is the most recent victim . Now, you wouldn’t catch me going to Mexico, given all of the press we’ve had about crime, druglords, kidnappings, etc but […]