Political Economy

If you want to try to be an entrepreneur, but do not know where to start consider the websites like alibaba.com.  It is like a Chinese eBay for small business designed for people who want to access suppliers, manufacturers and wholesaler.  You can sort by country, and type of product you are searching for. The [...]

Continue Reading Small business idea for the US market

The problem with political parties are they are an abstraction. Rene Descartes wrote ‘ every abstraction is a distortion of the truth’.  Therefore, if you are like me you never fully felt comfortable wearing the hat of a Democrat or Republican.  A particular leader from one party might inspire you, but how often do Abraham [...]

Continue Reading Why I am a Libertarian

My family lives in a paradise, with a good standard and on a tight budget, here is how. A wealthy person is one whose expenses are less than their income. This was true in Ben Franklin’s time and it is true today. I just moved after almost a decade in Krakow, Poland to St. Augustine, [...]

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The Communist Manifesto by Karl Marx and Friedrich Engels changed the world. It was a social political gospel for the economically disheartened. I have put together a free copy of Karl Marx in PDF here. I resisted interjecting my own views into the introduction of the book as I did not want to sway the [...]

Continue Reading Communist Manifesto in PDF

In a time when the manufacturing of downward arrows that are inserted in economic graphs are the only sector of the economy that is booming, it is worth to be reminded what works in economics and what does not. Basically if you watch this video you will understand what does not work with job creation. [...]

Continue Reading What works with job creation in economics

Most US foreign service workers are glorified postal workers who are living out a fantasy of living abroad on the tax payers dime. I have been an expat for a good part of my life and every time I ever dealt with an US consulate abroad it was nothing more than arrogance and paperwork. I [...]

Continue Reading US foreign service jobs – questionable value of the US embassy workers

The question of can a family survive on 50,000 dollars a year is something I hear only in the USA. I can answer with a strong yes. Fifty thousand is a lot of money, people need to put things into perspective. What is a good income for a family in the USA less than you [...]

Continue Reading What is a good income for a family

Did you know that anywhere in the world you can get things for free?  The other day I was walking though my town of Kraków, Poland and I saw a sign that said “free shop”.  I was like what is this? It was filled with nice items that are totally without price. You just take [...]

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Can economics or investing be predicted? Of all the great economic and financial investing geniuses getting paid 100s of millions of dollars, few really predicted the crisis. Nor did the leaders of the US government or the US Central bank run by PhD economists. Political leaders understand money and markets, that is they only work if they are free. [...]

Continue Reading When and why economic predictions and models misguide our investing

I believe in getting a sense of the direction of the stock market using trend analysis.  I use trend analysis to determine if I should be in the stock market or not, specifically the 12 month moving average against the S&P 500 index. However, one of the problems with trend analysis is it sometimes give [...]

Continue Reading Stock market and leading economic indicator