Economics

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.

Why the Dollar’s Era of Dominance May Be Coming to an Abrupt End

Why the Dollar’s Era of Dominance May Be Coming to an Abrupt End

With China now trading Petroyuan Futures, countries now have a way to separate from the “empire of debt.”

Republicans Love Government Spending. Listen to What They Say at Hearings.

Republicans Love Government Spending. Listen to What They Say at Hearings.

The real problem is that most Republicans support higher spending on nearly all programs. The problem is not that Democrats push them into accepting higher spending.

Does Reflecting on Death Help Prepare Us for it?

Does Reflecting on Death Help Prepare Us for it?

Memento mori – invitations to reflect on our own mortality – have been common throughout history.

Mike Rowe Hits Hard for Fatherhood

Mike Rowe Hits Hard for Fatherhood

It’s the parents who have changed. It’s the parents who have put their own happiness above the best interests of their kids.

Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency

Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency

The announcement was made via Twitter, where Socialist leader Nicolás Maduro said the current bolivar will be demonetized in favor of the new currency.

G.K. Chesterton: Women Shouldn't Pursue Careers?

G.K. Chesterton: Women Shouldn't Pursue Careers?

"I do not deny that women have been wronged and even tortured; but I doubt if they were ever tortured so much as they are tortured now by the absurd modern attempt to make them domestic empresses and competitive clerks at the same time."

New Federal Program Takes Aim at the College Textbook Racket

New Federal Program Takes Aim at the College Textbook Racket

A new $5 million federal program will bring free digital textbooks to students.

What Ryan Cooper Gets Wrong About Classical Liberalism

What Ryan Cooper Gets Wrong About Classical Liberalism

Liberalism simply observed that things go better with freedom – not perfectly, not always, not toward creating utopia, but generally much better than any kind of imposition from above ever can.

Why Estonia—Yes, Estonia—Is Suddenly One of the Wealthiest Countries in Eastern Europe (and the Most Innovative)

Why Estonia—Yes, Estonia—Is Suddenly One of the Wealthiest Countries in Eastern Europe (and the Most Innovative)

Estonia is the living example that human progress is closely linked to economic freedom.

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