The economics of Christmas is...

Christmas is a joyous and festive time, and the economics of Christmas shouldn't spoil the fun. At the same time, however, we shouldn't harbor any illusions about Christmastime consumption providing a "boost" to the economy or anything like that. Consumption reduces the stock of goods available for use in future production. While there is certainly nothing wrong with this, it is important to remember that stories of Holiday spending-induced economic growth may be misleading. (#)

Myths seem to be the rule rather than the exception when is comes to "common knowledge". Why is that?

Myth: Corn Ethanol is Great

John Stossel is an excellent myth-buster.

Can you blame EVERYTHING on global warming?

The answer seems to be: YES! (Thanks.)

Environmentalism is surely the Socialism of the 21st century, so be aware of it!

Who could have guessed?

"Embarassingly, it also appears that the somewhat unsual recent melting of Greenland ice may have been due to naughty old Mother Nature, not evil capitalist man." (#)

To blame everything on the evil free capitalism is perhaps a nice religion, but not always the correct approach!

The State adds nothing

I am always amazed that people consider the State to be the "provider" of something, for example: Health care, roads, courts, police protection, education.

Some even say that if the State wasn't there to "provide", then that which the State "provides" would not be provided at all!

This is wrong. The State is not a mystical being that has magical powers and without it, its generous gifts would be completely absent. Roads, doctors and teachers are not dependent upon the extitence of government bureaucrats. There is still food in Russia despite the collapse of the Soviet Union and its enormous food-program.

What the States does is that it collects money from people in need of roads, doctors and teachers, and uses it on its monopoly-system of "provision" of roads, hospitals and schools. Instead of individuals runnings services and building roads, the State does. No magic, no mystery. Just monopoly protected by law.