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Monthly Archives: October 2012

Before Alan Greenspan’s almost 19-year reign as Federal Reserve Chairman (economic sith?), and before his appointment by Nixon as Chairman of the President’s Council of Economic Advisors, Greenspan was a private sector economic consultant and a critic of fiat money or a government manipulated monetary system.  In fact, he penned “Gold and Economic Freedom” (a short […]

One contender for this year’s Nobel Prize in Economics is Stanford economist Paul Romer, son of a Colorado governor. You should note that Romer is the developer of “Aplia,” a homework, quizzing, and practice software system that he sold a few years ago to Cengage. Aplia is the homework and quizzing software that is currently […]

Earlier this month, Andrew Brimmer from Newellton, Louisiana, passed away at on October 7, 2012 at the age of 86.  Brimmer was the first African-American to serve on the Federal Reserve Board of Governors (http://en.wikipedia.org/wiki/Andrew_Brimmer). Brimmer served in the army at the end of World War II, then went on to earn his Bachelor’s and […]

The Nobel prizes are announced every year in October.  Earlier today, the announcement was made that Shinya Yamanaka of Kyoto University John B. Gurdon of the University of Cambridge in England won this year’s Nobel prize in Medicine of Physiology for their pioneering work on stem cells. Last year, Christopher Sims and Thomas Sargent shared the […]

Once you buy something, is it really yours?  If it were yours, wouldn’t you be able to resell it if you wanted to?  These are questions at the heart of a new case before the U.S. Supreme Court that you can read about here.  The case involves something that many college students should be able […]

Just as many California drivers thought they were being sent to their doom with prices nearing $6 a gallon at some stations, California’s Democratic Gov. Jerry Brown has called on California’s air quality regulators to allow an early switch to the less strict winter blend of gasoline, a blend that produces smog more easily than the […]

If you take a look at this recent article from France24.com, you will see that many French businessmen are puting their houses on the market to leave France, trying to avoid being hit with a stinging 75% marginal tax rate (the rate on their highest earnings, their “marginal” earnings).  Leaving a high tax region was […]

Gasoline prices in L.A. are now approaching $6 a gallon as is reported here by CBS in LA. Obviously, prices in the rest of the country are considerably lower than that.  Even in California, prices in northern California, as in San Francisco are a bit lower, but there are also supply problems in the San Francisco […]

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