Gilligans Corner has an interesting post: Gresham’s Law Only Works Because of State Violence. I like to see other people who recognize this as fact. I’ve been working on some comprehensive post(s) on money and banking in a free market, and I find that a lot of really smart people think that Gresham’s [...]
Among the other scams perpetrated by credit card issuers, the Penalty Rate Scam is equally nefarious. All of the scams implemented by credit card issuers work in lock-step with at least one of the other scams.
Debt Collection Practices & Impropriety
The Reverse Payment Prioritization Scam
The Balance Transfer Scam
The Penalty Rate Scam
Exploiting Ignorance: Money for Nothing
Under the [...]
A peculiar sort of tragedy of the commons is the not in my backyard argument, used to forestall or prevent certain “undesirable” developments (like airports, Wal-Marts, nuclear reactors, or oil derricks). On the one hand, the tragedy of commons asserts that when property rights are not clearly defined, the property in question will be [...]
I’ve been running out of good music to listen to lately. I downloaded the new Nine Inch Nails album, which is decent, from the bands website for free when it came out, but that’s more of “mowing the lawn music” than everyday listening.
I’m a fan of Bad Religion’s latest, including Requiem for Dissent:
The sanctimonious [...]
