Jan 31, 2024

People used to scared about the federal debt. But it's been so huge for so long that people have lost interest. Yet, despite people's lack of attention - or perhaps, in part, because of it - the debt has continued to grow. For the past 50 years or so, it has been doubling every 8 to 9 years.

Foolishness of the Week:...

Jan 24, 2024

Many people share an intuition that “excess” profits are a sign of something having been stolen from labor. Karl Marx shared this intuition and formalized it in his writings on the surplus value of labor.

Foolishness of the Week: 05:48
Main episode: 11:55

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Jan 17, 2024

For whom does the corporation exist: investors, workers, customers, the community? Economists tend to answer, "investors." That's not to say that workers, customers, and the community aren't important, but rather that the corporation exists to further the interests of the investors. Where the interests of the...

Jan 10, 2024

Economic "degrowth" seems to be the new socialism. Like the old, it promises all manner of wonderful things, from equality to a cleaner environment. And like the old, it will deliver nothing but misery.

Foolishness of the Week: 10:24
Main episode: 13:35

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Jan 3, 2024

Intuitively, people understand the value of time. We consider it every time we decide to put off something we want now for something better later. Psychologists call it, “delayed gratification.” But when we think about things like banks and landlords and Wall Street, we fail to see the time value of money driving...