Economics

The case for higher minimum wages across the country is based on the premise that Americans cannot keep up with the cost of living. Recently I came across a post that charged Wal-Mart was irresponsible because a high number of their employees were receiving state benefits. The post claimed that Wal-Mart’s wages are so low…

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…

Bitcoin and other crypto currencies exploded into the world this year. As the value of bitcoin soared, optimists declared we were seeing the beginning of a new world. Realists warned us, however, that it was a bubble, that Bitcoin had no real value. It appears, for now, those skeptics were right, as Bitcoin is currently…

“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…

Immigration What the Right believes: Immigrants take away American jobs. Illegal immigrants suppress wages of American workers. Illegals suck up our social welfare dollars and are a drain on our economy. The Truth is: Immigration is beneficial to the economy, and our economy is dependent on the labor of illegal immigrants. Due to their cheap…

Subsidization- What the Left believes: Subsidization is a viable way to encourage desired economic activity. Alternative energies, organic foods, and anything that is good for people should be subsidized. The Truth is: The subsidization of a product’s or service’s cost by the government is a way to encourage certain activity. However, subsidies have adverse effects….