Economics

100 Entrepreneurs Who Changed The World

ByKeith Farrell 18, February 201522, February 2015

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99. Michael Bloomberg (1942- )

“If you really believe that you’re making a difference and that you can leave a legacy of better schools and jobs and safer streets, why would you not spend the money? The objective is to improve the schools, bring down crime, build affordable housing, clean the streets – not to have a fair fight.”

Michael Bloomberg is an American business magnate, politician, media mogul, and philanthropist. He is founder, CEO, and owner of Bloomberg L.P., a global media and financial data company. His empire began with the Bloomberg terminal, a user-friendly source for vast amounts of information on securities, which is widely used by investment professionals worldwide. Bloomberg also served as the 108th Mayor of New York City for three consecutive terms.

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Economics

Money is The Root of All Good

ByKeith Farrell 23, September 20147, December 2014

“The man who damns money has obtained it dishonorably; the man who respects it has earned it.”–Ayn Rand Money is a medium which facilitates trade, representing a value based on productive labor. It is not greed embodied, nor is it a source of evil. Avarice, greed, and gluttony are what people are truly lamenting when…

Economics

10 Socialist Arguments Destroyed

ByAlim Gelyastanov 10, April 2015

Photo by 401(K) 2013 10. Socialism provides security The temptation of socialism is constantly luring us with the offer: “give up a little of your freedom and I will give you a little more security.” As the experience of this century has demonstrated, the bargain is tempting but never pays off. We end up losing…

Economics

Lobbying and the Misconceptions about It

ByKeith Farrell 31, March 20152, April 2015

Restricting lobbying would be unconstitutional and wrong. The right to petition our government is an important part of free speech. This is a representative system, after all, and those lobbyists and whomever funds them have a right to have their voices represented. Restricting lobbying would essentially mean destroying the First Amendment. The Supreme Court has…

Economics

10 Facts about World Poverty That Will Shock You

ByKeith Farrell 10, April 2015

Photo by Alex E. Proimos 10. Life expectancy continues to climb the world over As economic growth occurs, our lives are getting better and longer! Life expectancy rises as economic conditions, which really shouldn’t surprise anyone. Free trade means better access to medicine and food, and improved technology for health care providers. It allows more…

Economics

10 Hilarious Economic Lessons From South Park

ByKeith Farrell 24, November 201425, November 2014

10. Butters’ Bottom Bitch Anything that has demand has value. When Butters pays for his first kiss, he soon realizes the potential to expand upon the operation. Soon he’s pimping girls on the playground, trading money for hugs and kisses. As the police try to crack down on prostitution by entrapping Johns (and going to…

Economics

Regulatory Capture: Wolves Guarding Hen Houses

ByCharles Seeburger 2, April 20152, April 2015

Regulatory Capture is a process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…

99. Michael Bloomberg (1942- )

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