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Author Archives: mcoats

Have you notice how many of Atlantic City’s casinos have closed down?  At the beginning of this year, there were 12 casinos operating in Atlantic City.  Now, there are only 8 with the Trump Taj Mahal in trouble and everyone thinking it will close down in November. Trump Plaza was the fourth casino to be […]

In the headline here, I am not saying that people do not cause droughts, because some droughts somewhere might be caused by man-made climate change.  That could be.   The point here is simply that droughts do not cause the shortages.  We will get to this point later. For now, let us understand that since there […]

If you have ever seen the movie “Braveheart,” you have to recall William Wallace’s (Mel Gibson) final cry for freedom–freedom of the Scots from the Brits.  Here is Gibson’s moving “freedom speech” from the movie.  His freedom cry at the end is a little too gruesome to link to–more frightening than this picture. Well, tomorrow, the […]

Well, the Bureau of Labor Statistics just released the latest unemployment report, their Employment Situation Summary.  Senator Jeff Sessions (R-AL) notes here that twice as many people left the job market as found new jobs this past August.  He also states that 7 million have left the job market since 2009.  What is disturbing about this recent […]

Take a look at this article from the Wall Street Journal about empty seats in student sections at college football games.  What you will see is that the “law of demand” is still in effect.  Now, if you don’t know what the law of demand is, it is a simple and fundamental idea in economics, […]

If you haven’t heard, Burger King is in the process of merging with a Canadian coffee and donut chain, Tim Hortons, so that they can move their corporate headquarters to Canada in what appears to be an effort to cut their tax burden.  You can read about it here in the L.A. Times.  But what […]

In 1973, David Friedman published an interesting book, The Machinery of Freedom, largely a compilation of essays concerning how anarcho-capitalism can work.  One of his essays is on how mass transit can be produced privately and that the infrastructure for it is largely in place.  Recently, two companies have started operating worldwide, Uber and Lyft, […]

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