Economics

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.

What 19 in 20 Americans Don’t Know About World Poverty

What 19 in 20 Americans Don’t Know About World Poverty

Has extreme poverty a) almost doubled, b) stayed the same, or c) almost halved?

5 Economics Books Everyone Should Read

5 Economics Books Everyone Should Read

If you want to give economics a shot, you could do much worse than these five classic works.

Bernie Sanders Doesn't Understand How Jobs Are Created

Bernie Sanders Doesn't Understand How Jobs Are Created

There is a great deal of wisdom in the old saying, “there is no such thing as a free lunch."

How Intellectuals Train the Underclass to Feel Helpless

How Intellectuals Train the Underclass to Feel Helpless

What is essential is for the poor to experience a mindset shift towards taking more responsibility for their lives.

5 Myths about the Great Depression and New Deal

5 Myths about the Great Depression and New Deal

This year marks the 85th anniversary of the New Deal, the controversial set of programs, public works, and economic reforms that President Franklin Delano Roosevelt undertook to combat America’s Great Depression.

Rent Control Advocates Need a Lesson in Economics

Rent Control Advocates Need a Lesson in Economics

A 2017 paper published by three Stanford economists shows how damaging rent controls are. 

What Happens When an MBA Student Raised in Communist China Reads Hayek

What Happens When an MBA Student Raised in Communist China Reads Hayek

My Chinese students grasped—perhaps more than many Americans—the gift that America’s founders bequeathed to humanity.

Near-Bankrupt Illinois Aims to Deflate ‘Golden Parachute’ Payouts for Public Officials

Near-Bankrupt Illinois Aims to Deflate ‘Golden Parachute’ Payouts for Public Officials

Neither scandal nor misconduct have sufficed to keep some government officials from receiving lavish severance payouts.

Google, Twitter & Facebook: The Grave Danger of Information Monopolies

Google, Twitter & Facebook: The Grave Danger of Information Monopolies

"If you control the flow of information, you can control everything. You can control most of what anyone see and knows."

In America, Women and Men Earn Equal Pay for Equal Work

In America, Women and Men Earn Equal Pay for Equal Work

The facts show that much rhetoric surrounding Equal Pay Day slanders employers who have done no wrong, stokes gender and racial hostility, and hinders people from being successful.

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