Economics

Seattle Aiming to Become More Like Detroit

Seattle Aiming to Become More Like Detroit

Once the prosperous home to the thriving American automobile industry, Detroit made itself so unfriendly to business that American auto manufacturing has migrated to more business-friendly locations, largely in the American South.

'Bourgeois Dignity': The Idea that Created the Modern World

'Bourgeois Dignity': The Idea that Created the Modern World

In her book Bourgeois Dignity: Why Economics Can’t Explain the Modern World, Deirdre McCloskey offers a persuasive narrative that explores the causes of the Industrial Revolution. 

What’s Really Behind the Soaring Cost of Weddings

What’s Really Behind the Soaring Cost of Weddings

While weddings have been extravagant for a while, why have costs doubled in the last 10 years?

Hayek Can Teach Trump the Key to Bringing Political Freedom to North Korea

Hayek Can Teach Trump the Key to Bringing Political Freedom to North Korea

According to Nobel Prize laureate F.A. Hayek, easing restrictions on economic freedom may be exactly what is needed to encourage political freedom in a totalitarian state.

Why are Catholic Bishops Defending Illegal Immigration? They’re Bought?

Why are Catholic Bishops Defending Illegal Immigration? They’re Bought?

Religious organizations and other charities are scooping up billions in government funds earmarked for refugees and illegal immigrants. Are we at all surprised that they want to maintain the status quo?

Are Elite Charter Schools Excluding Minorities?

Are Elite Charter Schools Excluding Minorities?

Are we jumping to conclusions if we assume that a lack of diversity in certain charter schools is a result of racial bias?

Social Security Has Not Been ‘Looted’

Social Security Has Not Been ‘Looted’

The vast majority of voters blame the Social Security Program’s problems on an imaginary cause.

The Dream and the Nightmare of Globalization

The Dream and the Nightmare of Globalization

What would become the globalized project was predicated on lots of flawed, but unquestioned assumptions.

Mises' Observations on the Decline and Fall of the Roman Empire

Mises' Observations on the Decline and Fall of the Roman Empire

The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise.

How to Avoid Becoming a Casualty of Student Loan Debt

How to Avoid Becoming a Casualty of Student Loan Debt

While Congress deliberates on student loan relief, how else can parents help their kids make informed life decisions and avoid student debt? 

Hey Millennials: Here’s the Truth About Socialism, Kim Jong-un, and Nicolás Maduro

Hey Millennials: Here’s the Truth About Socialism, Kim Jong-un, and Nicolás Maduro

Rather than being a Utopia, socialism and communism in practice create a hell on earth.

Who Would Build Our Roads Without Government? Apparently, Domino’s Pizza

Who Would Build Our Roads Without Government? Apparently, Domino’s Pizza

We can now rest easy knowing that the next time we are accosted with the infamous question about roads, we can look to Domino’s as a beacon of free-market innovation of a public good.

Will Durant on How the Socialism of Imperial Rome Ushered in Feudalism

Will Durant on How the Socialism of Imperial Rome Ushered in Feudalism

Socialism isn't new; it was even wrecking economies back in Ancient Rome.

3 Socialism Myths Debunked by Venezuela’s Nightmare

3 Socialism Myths Debunked by Venezuela’s Nightmare

Debunking three delusions people have about socialism.

Teacher Compensation Is Just Fine, Quit Rate Data Suggest

Teacher Compensation Is Just Fine, Quit Rate Data Suggest

The low quit rate in public education tells us that the total benefits of these jobs are so high, workers will stay even when there are strong reasons to leave.

5 Financial Benefits Singles are Missing by Being Single

5 Financial Benefits Singles are Missing by Being Single

On a purely selfish level, is marriage still worth the struggle and fuss?

Why the Millennials are Socialists

Why the Millennials are Socialists

If you want to understand what will likely happen politically in ten years, simply look at the cultural beliefs of the younger Americans and how they live their lives. Politics and policy will eventually conform.

Why More Regulations Won’t Fix the Financial Sector's Problems

Why More Regulations Won’t Fix the Financial Sector's Problems

The financial sector has evolved to become one of the largest sectors in developed economies—and probably the most criticized.

Seattle's Brazen Tax Grab Ignores the Unintended Economic Consequences

Seattle's Brazen Tax Grab Ignores the Unintended Economic Consequences

On Monday, the City Council continued this pattern by voting to implement a new “employment tax” on large Seattle-based businesses.

Ethanol Is a Never-Ending Gravy Train for Corn Farmers and Ethanol Producers. But What About the Rest of America?

Ethanol Is a Never-Ending Gravy Train for Corn Farmers and Ethanol Producers. But What About the Rest of America?

Like most people I’ve spoken with, I have no innate, inflexible antipathy to ethanol in gasoline. What upsets me are the deceptive claims used to justify adding mostly corn-based ethanol to this indispensable fuel....

Restaurants Are Giving People 'Option Paralysis'

Restaurants Are Giving People 'Option Paralysis'

It is the fate of anyone who orders a sandwich or a salad: There are just too many decisions to make.

Airbnb's Co-founder Has Been Innovating since He Was a Kid

Airbnb's Co-founder Has Been Innovating since He Was a Kid

Success is found by constantly asking, “How can I make this better?”

Do Millennials Really Love Socialism?

Do Millennials Really Love Socialism?

Millennials think socialism sounds great... until they have to deal with the effects of the system.

Ayn Rand and Ludwig von Mises Once Had Dinner Together, and It Can Teach Us a Lot About Intellectual Dogmatism

Ayn Rand and Ludwig von Mises Once Had Dinner Together, and It Can Teach Us a Lot About Intellectual Dogmatism

Even intellectual giants cling to their dogmas. But does this intellectual intolerance do a disservice to the advancement of ideas?

The GOP’s Food Stamp Proposal Would Blow the Cost Savings on Bureaucracy

The GOP’s Food Stamp Proposal Would Blow the Cost Savings on Bureaucracy

The Republicans have so forgotten how to control spending, even when they try something conservative it is not really conservative.

Gas Prices Are Creeping Up Again. Why?

Gas Prices Are Creeping Up Again. Why?

The recent gas price rise is a real concern and addressing it is important for all Americans.

Sex Education for Prostitutes Highlights $583 Billion in Pork the Feds Doled Out in 2016

Sex Education for Prostitutes Highlights $583 Billion in Pork the Feds Doled Out in 2016

The report shows earmarks (aka “pork”) are a bipartisan problem that cost taxpayers $583 billion in FY 2016.

5 Facts about Karl Marx

5 Facts about Karl Marx

This Saturday is the 200th anniversary of the birth of Karl Marx, the most destructively influential writer on economics in world history.

Pages