Economics

Ocasio-Cortez Mourns a Coffee House Driven out of Business by a Minimum Wage Law She Supported

Ocasio-Cortez Mourns a Coffee House Driven out of Business by a Minimum Wage Law She Supported

Like so many politicians, Ocasio-Cortez supports increasing the minimum wage without fully appreciating the impact it would have on business. 

Majority of Public Employees Don't Want to Be Forced to Pay Union Dues

Majority of Public Employees Don't Want to Be Forced to Pay Union Dues

The Supreme Court recently ruled that public-sector employee unions may not collect dues from non-members without their consent. This decision is popular even among union members.  

Is Democratic Socialism a Myth Like the Loch Ness Monster and Bigfoot?

Is Democratic Socialism a Myth Like the Loch Ness Monster and Bigfoot?

As with the Loch Ness Monster, there are many who have claimed to have seen democratic socialism and its wonderful benefits. However, like sightings of “Nessie,” on examination, the claims of democratic socialism unravel.

Amish Uber Shows that Entrepreneurship is Contagious

Amish Uber Shows that Entrepreneurship is Contagious

An Amish resident of Colon, Michigan, has started an "Uber" ridesharing service using his horse and buggy.   

5 of the Worst Economic Predictions in History

5 of the Worst Economic Predictions in History

History has shown that experts aren’t often much better than the average person when it comes to forecasting the future.

The Good Intentions Fallacy Is Driving Us Toward the Destructive Outcomes of Socialism

The Good Intentions Fallacy Is Driving Us Toward the Destructive Outcomes of Socialism

“Concentrated power is not rendered harmless by the good intentions of those who create it.” - Milton Friedman

The Worst Emperor of Ancient Rome: Caligula

The Worst Emperor of Ancient Rome: Caligula

Of his own citizens, he famously declared, “I wish the Roman people had but a single neck” so he could hang them all at once.

A Brief History of Russia Meddling in Other People’s Elections

A Brief History of Russia Meddling in Other People’s Elections

Let’s look at patterns of Russian policy stretching back over three centuries.

Why California Cities Are Becoming Unlivable

Why California Cities Are Becoming Unlivable

California has the highest poverty rate in the U.S. and is rated dead last in quality of life.

How One Deleted Scene Turns Star Wars into a Struggle Against Socialism

How One Deleted Scene Turns Star Wars into a Struggle Against Socialism

A deleted Star Wars scene reveals that, at least in the 1970s, George Lucas understood that free markets make free people.

Why Straw Bans Don't Help the Environment and Needlessly Restrict Freedom

Why Straw Bans Don't Help the Environment and Needlessly Restrict Freedom

No one should have to get a license or undergo an exam to qualify for access to a simple consumer product.

The Top 1% Have 40% of America’s Wealth: Is This a Problem?

The Top 1% Have 40% of America’s Wealth: Is This a Problem?

Is wealth inequality bad? Here are three important questions to ask.

Was Jesus a Socialist? A Conversation With Theologian David Bentley Hart and Economist Jerry Bowyer

Was Jesus a Socialist? A Conversation With Theologian David Bentley Hart and Economist Jerry Bowyer

Many people today argue that Jesus was history's first Marxist.

How Mom and Pop Stores Are Defeating Amazon and Walmart in India

How Mom and Pop Stores Are Defeating Amazon and Walmart in India

When a social order favors the development of families and communities, corresponding business models also appear.

Inflation Veering Toward 1 Million Percent in Collapsing, Socialist Venezuela

Inflation Veering Toward 1 Million Percent in Collapsing, Socialist Venezuela

It wasn’t that long ago that the left praised socialist Venezuela as a model country, a good comparison to the mean, ruthless system of the United States. What happened?

3 Nobel Prize-Winning Contributions to Economic Science (From People Who Weren’t Economists)

3 Nobel Prize-Winning Contributions to Economic Science (From People Who Weren’t Economists)

Since it was introduced in 1968, the Nobel Memorial Prize in Economic Sciences has been awarded to 79 individuals for their contributions to different branches of economics. Yet not all of them were economists by training.

Venezuela’s Nightmare: 5 Reasons It's Likely to Get Worse

Venezuela’s Nightmare: 5 Reasons It's Likely to Get Worse

We know this assessment isn’t what millions of suffering Venezuelans will want to hear, but Maduro may hold on to power for quite some time.

Could Britain-Style Healthcare Work in America?

Could Britain-Style Healthcare Work in America?

No one would deny that the American healthcare system desperately needs reform, but is a single-payer system like Britain's the way to go? 

Alexandria Ocasio-Cortez's Campaign Platform Explains Her Primary Victory

Alexandria Ocasio-Cortez's Campaign Platform Explains Her Primary Victory

Ocasio will very likely go on to win her seat by a comfortable margin, but the real losers will be her constituents.

You Can't Leave the U.S. Unless the IRS Lets You Now

You Can't Leave the U.S. Unless the IRS Lets You Now

The U.S. government is now cracking down on Americans who have outstanding tax bills — by holding their passports hostage.

George Orwell Knew We'd Buy the Screens That Are Used Against Us

George Orwell Knew We'd Buy the Screens That Are Used Against Us

When acting on our desires in the marketplace means signing over our data to corporate entities, the erosion of choice is revealed to be the consequence of choice – or at least, the consequence of celebrating choice.

3 Things Economics Major Alexandria Ocasio-Cortez Gets Totally Wrong About Economics

3 Things Economics Major Alexandria Ocasio-Cortez Gets Totally Wrong About Economics

Her economics degree didn’t help her in the recent PBS interview, as she revealed an ignorance of basic economics and argued multiple points that objective data contradict.

Distinguishing Important Tasks from Urgent Ones Is the Secret of Success

Distinguishing Important Tasks from Urgent Ones Is the Secret of Success

If President Eisenhower had not focused on the important while commanding the Allied forces, would World War II been lost?

The Solution to Poverty Isn't Charity. It's Opportunity
Another California City is Trying a Universal Basic Income: Will it Work?

Another California City is Trying a Universal Basic Income: Will it Work?

'The program will provide at least 100 Stocktonians with a guaranteed income of $500 per month for 18 months.' Will this program be an improvement to the status quo, or just an ineffective waste of money?

Why It Might Be the Right Time to Quit Your Job

Why It Might Be the Right Time to Quit Your Job

Employers now are begging for talent, and ready to pay to keep it. That gives workers more confidence that they can leave one job for another.

What the Origins of Money Teaches Us About Spontaneous Order

What the Origins of Money Teaches Us About Spontaneous Order

From Mesopotamia (or even earlier), all civilizations have employed some kind of medium of exchange to facilitate transactions regardless of their geographical locations, legal and economic systems, religious beliefs or political structures. Have you ever wondered why?

The Economic Illiteracy of Bernie Sanders

The Economic Illiteracy of Bernie Sanders

The uniquely frustrating brilliance of Sanders lies in his theatrical acuteness for distortions and inaccuracies. 

Pages