Thinking Outside the Country
Whenever an American Expat or an expat from any country resides outside his home nation they son miss food from home and become street smart economists. I had never been…
Adam Smith’s Four Factors of Destruction
Smith describes four factors that destroy and degrade “agriculture, the sole source of wealth and revenue of every nation.” Soil Husbandry “the neglect of cultivation and improvement” Subsidies & Tariffs “the fall…
CAPITALISM
Farmers, Merchants or Manufacturers “The Great Commerce of every Civilized Society is that carried on between the Inhabitants of the Town and those of the Country.”– Adam Smith’s Wealth of…
Adam Smith: the Farmers’ Market Economist
“Agriculture, the Produce of the Land, is the SOLE or the PRINCIPAL Source of the Revenue and Wealth of every Country.” – Adam Smith’s 1776 Econ 101 text book, Wealth…
Marx Was Right
A college undergrad at Liyang’s Crazy English said he was studying marketing. What he really said was Mǎ Kè Sī 马克思 Marxism. At the time my Chinglish vocabulary was limited…
Marx Comes to the High Plains
MARXISM Then the Great Depression transformed what was an extremely hard life into an impossible one. With prices for crops, in real terms, falling below what they’d been in colonial…
I found MARX at the Rice Village Farmers’ Market
I had spent the first 18 years of the 3rd Turning ‘The Unraveling‘ doing my own life unraveling from Cleveland to Atlanta to Cairo to Phoenix and finally Houston. The ‘3rd Turning’ stretches…
Breakout the Kim Chee
No longer in the goat business, forget the chickens, I’ll be the one scarfing down the Kim Chee. By Jun-seok YangStaff Writer “Kimchi Prevents SARS in Korea” It’s been less…
Contango or Backwardation
The threat of permanent gold backwardation is one that, in my view, casts a dark shadow on the future of our civilization much the same way as the disappearance of…
Cash Crops = Individual Sovereignty
“The only time the American farmer made money was from the end of the Civil War to WWI.” The United States actually did not return to a gold standard until 1879….