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Punting to Politicians
Just as reliably as the sun rises and sets, so too with every election are there those who change their positions and defend the new ones tooth and nail over the old ones. No, it’s not the politicians, it’s the people who support them. Despite the fact that it often seems as though it’s always…
The Ramifications of a Welfare State
The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…
10 Outrageous But Forgotten Political Scandals
1. Profumo Affair Politics and extra-marital affairs are familiar bedfellows. However, when you’re the Secretary of State for War and your mistress is the girlfriend of an intelligence officer of your country’s primary adversary, it makes things worse. That’s exactly what happened to John Profumo of Britain in 1961, when a brief affair with 19…
10 Best Movies with Capitalist Themes
Coffee’s for closers…….. Here’s the 10 best movies with capitalist themes in no particular order 10. The Pursuit of Happyness Will Smith stars as Chris Gardner in this amazing portrayal of a man dedicated to providing a better life for him and his son. When he invests his savings in bone density scanners to sell…
10 Reasons to Love the Free Market
Photo by US Mission to the United Nations Agencies in Rome 1. The free market reduces poverty A 2013 study published by the World Bank which examined 18 countries over four decades, found that 75% of the income gains accruing to the bottom 40% of income earners were a result of economic growth. Thus, policies…
5 Vital Economics Lessons Your Kids Won’t Get in School
While some schools are better than other, generally basic economic lessons are absent from public school curriculum. These are vital lessons needed to understand the world around them. Here are just five lessons I wish someone had taught me in school. 1. Prices Why do some things cost more than others? Why does the price…