Economics

Why I am Not a Socialist

Why I am Not a Socialist

I share a lot of the concerns and goals of those who describe themselves as “socialists.” Why, then, am I not a socialist? I think, though, that they are making serious mistakes. To put it simply, people too often mistake the ends for the means and define economic and political systems in terms of their advocates’ stated goals rather than the actual characteristics of those systems. 

New York City’s Students Deserve School Choice

New York City’s Students Deserve School Choice

Mayor de Blasio’s policies keep New York City kids trapped in violent, chronically failing schools.

Why the Minimum Wage Can’t Solve the Poverty Problem

Why the Minimum Wage Can’t Solve the Poverty Problem

A higher minimum wage is sold as a way to help millions out of poverty. The reality is that it only benefits a small minority to the cost of everyone else.

U.S. 'Non-Profit' Hospitals and CEOs Raking in Big Bucks

U.S. 'Non-Profit' Hospitals and CEOs Raking in Big Bucks

The lavish profits and salaries of America's top non-profit hospitals' executives impel many to call for increased transparency. 

Midwestern Values: May We Never Lose Them

Midwestern Values: May We Never Lose Them

To a city slicker like me, 4-H and farm chores epitomize the discipline and ethos of Midwestern Americans.

The Deafening Silence on Social Security’s Looming Insolvency

The Deafening Silence on Social Security’s Looming Insolvency

The bottom line is that within 16 years, either Social Security recipients will have to take a 20 percent benefits cut, or workers will have to incur a 20 percent payroll tax increase.

Thanks, 'Avengers: Endgame,' for Reminding Us Why Inflation Matters

Thanks, 'Avengers: Endgame,' for Reminding Us Why Inflation Matters

I liked “Avengers: Endgame,” whose plot is based on time-traveling superheroes. It was definitely three hours of escapist fun. But the hype surrounding its box office records, like its plot, shouldn’t be taken too seriously.

Three Myths About Prohibition and Why It Actually Worked

Three Myths About Prohibition and Why It Actually Worked

Americans fail to realize that prohibition was a success. Will the myths surrounding prohibition trick us into legalizing everything?

Here’s What's Wrong With Bernie's Plan to Eliminate Student Loan Debt

Here’s What's Wrong With Bernie's Plan to Eliminate Student Loan Debt

There’s seemingly no end to the populist handouts – nor to the erosion of personal responsibility that comes along with them.

Why 'Young Hearts' Tend Toward Socialism

Why 'Young Hearts' Tend Toward Socialism

Youthful idealism plays a role, but family and work experience are just as important.

Global Capitalism Makes Your Hipster Minimalism Possible

Global Capitalism Makes Your Hipster Minimalism Possible

All the stuff both Left and Right claim to hate makes the minimalist life possible.

Is the U.S. Women’s Soccer Team Really Underpaid?

Is the U.S. Women’s Soccer Team Really Underpaid?

The United States Soccer Federation denies the pay difference between male and female soccer players is related to sex.

Where Have All the Young Farmers Gone?

Where Have All the Young Farmers Gone?

The graying of American growers is a troublesome development, but that doesn’t mean all is lost.

7 Figures: How Americans Spend Their Time

7 Figures: How Americans Spend Their Time

Between work, socializing, and television, how do we spend all our time?

After Legally Receiving Food Stamps, This Millionaire Is Trying to Change the System

After Legally Receiving Food Stamps, This Millionaire Is Trying to Change the System

He wasn't eager to go public about being a millionaire. But he wanted to expose how easily the system could be gamed.

Leading Progressives Blame the Wrong Culprit for Rising College Costs

Leading Progressives Blame the Wrong Culprit for Rising College Costs

The facts are clear that students, parents, and taxpayers have paid increasingly more for higher education, with dubious results.

Why Board Games Are Booming in the Digital Age

Why Board Games Are Booming in the Digital Age

Despite massive disruption by online- and mobile-based gaming, many consumers seem to still enjoy the face-to-face interaction and experience of tabletop games.

The Entrepreneur Who Became a Billionaire After Being Rejected by Facebook

The Entrepreneur Who Became a Billionaire After Being Rejected by Facebook

Jan Koun's teenage self-education took place in the 1990s, before knowledge and information were so widely available and easily accessible. 

Don't Go to College

Don't Go to College

Who needs the degree? Skip the debt and learn a trade.

‘I Want You to Panic,’ Said Greta, and Panic They Did

‘I Want You to Panic,’ Said Greta, and Panic They Did

Even if most of us are still using plastic drinking straws and driving gas-guzzlers, the words of the prophet from Stockholm have not fallen on dry ground.

New York Makes Rent Control More Severe

New York Makes Rent Control More Severe

Economists expect this legislation to reduce the construction of rental housing in coming years, making housing shortages worse.

A Zoomer Wants to Know Why Boomers Are Getting Free College… Again

A Zoomer Wants to Know Why Boomers Are Getting Free College… Again

Now, those of us in the zoomer (Gen Z) and millennial generations are not only footing the bill for Social Security and Medicare, we are also subsidizing boomer retirement hobbies with our tuition and tax dollars. What gives?

The Seven Worst Ideas for Regulation This Century

The Seven Worst Ideas for Regulation This Century

Along with great economic performance has come a good bit of silly, one might even call it stupid, regulation and proposals for regulation. Here are my top seven for the United States, although I’m open to hearing about other, even stupider ones.

How Portugal’s Livraria Lello Uses Price Discrimination to Improve Its Business

How Portugal’s Livraria Lello Uses Price Discrimination to Improve Its Business

The Livraria Lello bookshop in Portugal now requires prospective patrons to purchase a voucher, or ticket, in order to gain entry.

What Happens When Everyone Gets a 'Free' Lunch? Money Problems

What Happens When Everyone Gets a 'Free' Lunch? Money Problems

Lawmakers need to return school meal programs to their original purpose of assisting children in need – and not add more students to waste-prone programs.

Socialism Will Always Destroy Democracy

Socialism Will Always Destroy Democracy

The rise of socialism is being driven by a shift in civic attitudes.

Orwell’s '1984': How to Misread a Classic

Orwell’s '1984': How to Misread a Classic

In the decades since the time of its publication, the context of Orwell’s magnum opus has been lost.

Three Ways Capitalism Makes Workers Better Off

Three Ways Capitalism Makes Workers Better Off

There are three main benefits the capitalist provides that lead people to work for a capitalist.

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