By Kenneth Murphy* “What would you think if a robot showed up with your food?” This is the question I asked Ross and Kelly, a young couple in a Newark, New Jersey airport restaurant. “Oh, interesting,” answered an intrigued Kelly. “No thanks,” disagreed Ross, “you would miss the human touch.” Is Technology Ruining Your Life? … Read more
Written by Ivan Serrano. In today’s world, we pretty much eat, live, and breathe technology. Whether we’re utilizing our mobile phones to take us to the best burger joint in the city, shopping, managing social media, or organizing our busy schedules, there is no doubt that technology holds a permanent place in the world. While … Read more
A review of the book: Financing the American Dream: A Cultural History of Consumer Credit by Lendol Calder To paraphrase Robert Frost, something there is that does not like a consumer loan. Indeed, for a long time the idea of such credit created a sensation of discomfort, insecurity and even shame. Americans harbored a natural … Read more
There was a time when brokers traded stocks for investors. Such activity relied upon a human element to make calculated decisions to buy and sell in the frenzied atmosphere found on the stock market floor. Is Technology Ruining Your Life? Take A Quick Quiz To Find Out By Clicking Here. However, those days are long … Read more
Psychiatry professor Peter Whybrow comments that what Henry Ford did for cars, McDonald’s did for fast food. It industrialized eating. The original intention of fast food was fast service. However, the end result has been fast eating. Everything about McDonald’s in particular and fast-food in general is about speed. Eleven minutes is the average time … Read more
The theory of just price is often misrepresented by those who oppose the idea. They like to say that including justice as a factor in the determining of prices is contrary to free markets. They imagine just price to mean the setting up of an economic tyranny where prices were set in stone and merchants … Read more
By Prince Bertrand of Orleans-Braganza. The following text is taken from the keynote speech titled “Proclaiming the Object of Our Desires,” delivered at the final banquet at the American TFP’s 2014 National Conference on October 25, in Spring Grove, Pennsylvania. Our 2014 National Conference is coming to a close and it is proper that I … Read more
Money is truly an invention. What makes it universally accepted is an agreement or convention established by usage and custom for the purpose of the exchange of goods and services. A monetary system is established when it is recognized by law. That is why money is termed numisma (from which we get numismatics), meaning law; … Read more
Speculation on the market has always been dangerous business for the uninformed. Edward Chancellor writes about the activities of nineteenth century speculator Daniel Drew who manipulated the market with great ability. Chancellor writes that, “Male or female, rich or poor, healthy or infirm, the vast majority of speculators were necessarily outsiders, mere fodder for the … Read more
When we think of ancient gold coinage, there is the tendency to think in terms of contemporary coins. This is not the case, however. The two coinages are very different. The gold solidus of Constantine, which retained its value and served as a monetary standard for more than a thousand years, was unlike an American … Read more
