In every society’s endless search for solutions to economic problems, it’s odd that “Efficiency Money”, the best measure of a nation’s economy, has not been suggested. “Efficiency Money” shows that things are better than they appear, but only in nations that allow citizens to freely invent new things. An example of how “Efficiency Money” works: Fifty years ago, it took one man more than a day to make an Adirondack chair for his yard or porch. He had to...
Education, like Babylon, is a Bubble About to Burst.
If we want to see an indication of how badly the education bubble is bursting, we just have to look at a figure. A popular teacher at a major university has opened an on-line course with unlimited enrollment. 200,000 students enrolled. Normally, if such a class had one hundred students, those two hundred thousand students...
Excessive Educational Costs
Wow! Americans owe more for student loans than for their credit cards. Double Wow!! Americans owe more for student loans than they owe for their automobiles. Convincing children to pile up debt for useless degrees is abuse. That sort of child abuse is not said to be a crime when it financially abuses children in...
High Taxes Destroy Jobs | Hiding From the Real Economic Problem
High taxes Destroy Jobs The latest campaign mantra is “Jobs. We need more jobs. In my administration, I will focus on providing jobs.” The mantra is repeated by every candidate in every appearance. Three hundred million citizens are assumed to be reassured. “That’s right!”, we are thought to say to ourselves. “We need more jobs.”...
Algae, a Brand New Lie
Algae, a Brand New Lie The failures of wind, solar, and bio-mass power have become so blatantly obvious they can no longer be ignored. Those on the right side of the bell curve knew since the beginning that such things couldn’t work. Now, that information has moved so far into the bell curve’s big bulge...
The Newspaper Bubble, Like Babylon, is Collapsing
The Newspaper Bubble In 1950, newspapers sold twenty billion dollars worth of advertisements. In 2000, that amount had more than tripled, when adjusted for inflation, to a little over sixty billion. In 2011, newspapers had dropped back to selling twenty billion dollars worth of ads a year. The bubble, while it hasn’t completely broken, has...
Most of us Live in Bubbleville
No matter what we do to make a living, we’re operating in a bubble. Bubbles grow, and eventually collapse. We may describe our own bubble as one of many bubbles in Bubbleville. The Pony Express was a short-lived bubble. It was punctured by the higher speed and lower costs of the Telegraph Bubble. That was...