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Archive for August, 2019

The Great Cost and Myth of U.S. Defense Spending – CounterPunch.org

30 Aug

Journalists and pundits regularly refer to U.S. defense spending as greater than the next seven or eight countries.  Nonsense!  U.S. defense spending when correctly tabulated exceeds the defense spending of the rest of the global community.  Current defense spending is greater than $1 trillion and the bipartisan support for U.S defense spending assures continued increases.  Many of the largest spenders on defense, moreover, are our treaty allies. More

Source: The Great Cost and Myth of U.S. Defense Spending – CounterPunch.org

 
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N.J. ‘In Worse Shape’ Than Any Other State, Senate Boss Says – Bloomberg

29 Aug

Both Republicans and Democrats are responsible for the fiscal disaster New Jersey is in.

Source: N.J. ‘In Worse Shape’ Than Any Other State, Senate Boss Says – Bloomberg

 
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Is price inflation being underreported?

29 Aug

I received the following email from Greg H. who heard my interview with Tom Woods.

Murray,
Good Morning, hope you had a wonderful summer.  I listened to your guest appearance on the Tom Woods show today and I am happy to hear that a professor in New Jersey is teaching students this type of economics.  I do live in New Jersey and we both know how the political and economic arena is here.  I work in the food distribution industry as a procurement manager and I enjoyed hearing your point on shopping and seeing retail have not changed yet sizes have, but this may not be calculated correctly in CPI.  I see this all the time from our vendors, I work with meat and it is more involved learning commodity markets and global markets in general.  So a lot of cut meat to purchase and we work costs by the pound so when a vendor who has a product that is net weight like say a package of 16oz sausage and a vendor says I will keep you unit cost the same, I will argue back that they need to keep the cost per ounce the same.
ex. 16oz package @ $5 unit cost = $.3125oz going to a 14oz package should now be $4.375 unit cost
This is something a lot of customers have caught on to, but have no recourse for it. 

I wanted to reach out to you because I appreciate the people in academia who go against the status quo when educating their students (my brother is a professor at FDU in sports management with a focus on sociology of sports and can create a pretty contentious convo when around each other).  If you ever want to connect and talk about how markets are affecting food prices feel free to reach out to me.  I am always willing to discuss or present to classes as I have at my Alma mater and I think it gives the students a different perspective on the food industry and not what they just read on social media and also the real work environment.  I hope the school year starts off in the right direction.  Thank you for taking the time to read what I wrote.

 
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Tom Woods interviews me about the Federal Reserve and more.

29 Aug
Click below to the book post to order Why the Federal Reserve Sucks.
 
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8 Reasons To Hold Some Extra Cash

29 Aug

…the value of cash as a “hedge” against loss has become much more important.

Source: 8 Reasons To Hold Some Extra Cash

 
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Frank Morano interviews me about my book

29 Aug

At the 46 minute mark, my 30 second commercial is played, which will air on Sept. 22 during the Emmy’s on the Comcast cable system in New Jersey.

https://omny.fm/shows/morano-whenever/why-the-federal-reserve-sucks?in_playlist=morano-whenever!podcast#sharing

 
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Maybe Warren Buffett Is Quietly Warning Us About Stocks – Bloomberg

28 Aug

Source: Maybe Warren Buffett Is Quietly Warning Us About Stocks – Bloomberg

 
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The Biggest Bubble in Modern Financial History | Armstrong Economics

28 Aug

Source: The Biggest Bubble in Modern Financial History | Armstrong Economics

 
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Target Liberty: Friedrich Hayek: Why Intellectuals Drift Towards Socialism

28 Aug

Source: Target Liberty: Friedrich Hayek: Why Intellectuals Drift Towards Socialism

 
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EconomicPolicyJournal.com: A Very Dangerous Woman

27 Aug

Source: EconomicPolicyJournal.com: A Very Dangerous Woman

 
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The Benefits Of A Profoundly Shattering Recession

26 Aug

Does anyone really think The Everything Bubble can just keep inflating forever? Surely nobody’s that deluded.

Source: The Benefits Of A Profoundly Shattering Recession

 
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I, Asparagus

26 Aug

How is fresh Peruvian asparagus sold for $3.99 a pound in a Whole Foods Market in northern Virginia? Are you not amazed? If not, you should be.

Source: I, Asparagus

 
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Guns Prevent Thousands of Crimes Every Day, Research Shows

24 Aug

The Center for Disease Control, in a report ordered by President Obama in 2012 following the Sandy Hook Massacre, estimated that the number of crimes prevented by guns could be as high as 3 million annually, or some 8,200 every day. And there is plenty more evidence showing that guns keep Americans safe.

Source: Guns Prevent Thousands of Crimes Every Day, Research Shows

 
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EconomicPolicyJournal.com: The Other Marx

24 Aug

Great comment by Groucho.

Source: EconomicPolicyJournal.com: The Other Marx

 
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US Drone Downed By Surface-To-Air Missile Over Yemen

21 Aug

Source: US Drone Downed By Surface-To-Air Missile Over Yemen

 
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