Category Archives: Economics

Property Rights

At the end of this video, the presenter talks about ITQ, which is a state imposed quote on something that can be traded. I think that the presenter wrongly phrases this as a property right over the object to be … Continue reading

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Economic Notes

Given an insurance premium and a clever person with public data, you could determine the margin over the risk premium of the insurance. This would require understanding the relevant risk statistics, benefit payments, and asset returns. One could make reasonable … Continue reading

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Summa Errorum Usuris

Catechism of the Summa by Fr. Pegues, O.P. What is usury? Usury is an act of injustice which consists in taking advantage of the need of our neighbour by lending him money, or any other thing that has a money … Continue reading

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Roman Catechism on Usury

Roman Catechism: 7th Commandment, Negative Part, Various Forms of Robbery Among those who are guilty of robbery are also included persons who do not pay, or who turn to other uses or appropriate to themselves, customs, taxes, tithes and such … Continue reading

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Speak Richly

How free speech makes us richer Is it too much to point out that “free speech” nominally empowers the spread of Marxism and related economic errors? Note that the author struggles with whether speech should be restricted rather than what … Continue reading

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Feeling Loanly?

The majority of what is called a “loan” today has nothing to do with lending. Lending involves the giving of something and receiving that same thing back in return. I can loan my pen to my friend, but I cannot … Continue reading

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Stupid Finance for the Day

“[I]f we buy stock of XYZ, we pay cash and receive the stock. Some time later, we sell the stock and receive cash. This transaction is lending, in the sense that we pay money today and receive money back in … Continue reading

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