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Author Archives: mcoats

Sometimes in your life, you meet people who alter your life’s course, who shape your life, or change your course in some way.  Certainly, your parents do alot to set the general direction, or more importantly, teach you how to sail in the first place, how to manage rough and calm seas alike.  I came […]

Don Boudreaux, an alum of Nicholls, is the inaugural speaker for the  Frederic Bastiat Guest Lecture Speaker, Donald J. Boudreaux, Ph.D., J.D. who will speak in the Ridley J. Gros, Jr. Auditorium in Powell Hall, Thursday, November 13th at 1:30 and at 7 p.m.  His talk is titled “The lens of economics.” He is the […]

Here is a great discussion of how Bitcoin and other new “cryptocurrencies” work.  The source here, The New Palgrave Dictionary of Economics, is a well-respected source. http://www.dictionaryofeconomics.com/article?id=pde2014_C000625 -MC

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 […]

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