Mass Transit and the Holy Grail

Passenger rail travel is comatose – its virtually lifeless carcass subsidized by the taxpayer to the tune of billions each year with no hope of making inroads into the stranglehold of the automobile. Worse, localities like NYC were home to robust subway system enterprises until the statist decided the greedy capitalists were charging too much and took them over. Now the subways are wards of the state as well.

Do Unto Others

The sentence recited most as a prescription for propriety is in fact terribly self centered and therefore at the root of many of our societal difficulties: “Do unto others as you would have them do unto you.” Look at it carefully. Who is at the center of this sentence? YOU! YOU! YOU! When we follow this instruction we concentrate on OURSELVES!!!In the spirit of rectification, this will be the first in a series of posts that aims to do unto you what you want done unto you.

In Defense of Austrian School Economics

The historical record repeatedly validates Austrian theory. Examples include the stagflation of the 1970’s, the collapse of Soviet socialism and the economic mess we experience today. Yet, critics of free market economics studiously avoid attacking Austrian theory. Apparently, power and prestige wins out over the facts.

Why the name “SedonaCyberLink”?

The other day I ran into a journalist friend in the grocery store. “How is the ‘Save-the-Word’ Business?” he asks. That solicited a flash of a smile and a giggle from me. He had delivered the question in a half-serious, half-joking manner, so when I laughed he responded with a Cheshire cat smile. Upon later reflection, I realized the question was not only funny, but had merit.

The Comatose Job Market

In order to advance funds for something as dangerously speculative as a new business venture, the lender needs to have solid evidence of financial strength. Skin in the game in the form of substantial home equity at risk by the borrower is just what the lender needs. Without it there can be no loan. Now we will see the biggest reason why housing is crucial to the economy, along with a key reason why banks are not lending despite massive excess reserves. Home equity has been wiped out!