One thing we learn time and time again throughout our public education is that without government monopolies would spawn and gobble up all the capital. We are taught of an age of “robber barons” whose monopolistic greed spurred a new need for government mitigation into the economy. But is that factual? A closer look at…
Whether it’s Black Market or Legal, Weed is a Serious Cash Crop From the legal markets thriving in states like Colorado and Washington, to the underground trade that generates billions of Mexican cartels, the economics of weed are crazy. Ganja. Smoke. Dro. Chronic. Spliffage. The names are as varied as the opinions about it: from…
One of the first principles that any student of economics learns – or should learn – is that when you subsidize something, you get more of it. While they often fall short on understanding other principles of economics, liberals sort of understand this one. They reasoned, “If you get more of something when you subsidize…
Most people try to avoid being criminals. I believe that even in the darkest depths of any bureaucracy, there are good people who really desire to be “public servants.” This belief can be difficult to maintain when abuses and abusers are exposed but it is important that we realize that things left ignored become habits…
When any of us suffers an injury or serious illness we require medical care, so it must be a right that we receive it. Right? When a large number of people begin to insist that something is a right, we can be sure that the politicians will begin crafting the legislation to declare it so,…
Photo by Aris Gionis 1. Created a Latin American style corrupt economy The economic history of Greece is a prime example of systemic Third World level corruption and careless spending. Greece always had a very poor fiscal reputation. Ever since the US sponsored Marshall Plan in the 1940s, Greece was a constant recipient of foreign…
Photo by Gage Skidmore “A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” Thomas Jefferson,…
Every March the nation is transfixed by the specter or young athletes competing for their schools and states in the NCAA college basketball tournament. Students travel the country competing in games that generate more ratings than some professional events. March Madness sweeps the country, advertisement is geared towards it, and big companies vie for the…
Until recently, there was more socialism in Greece than was ever seen in the Soviet Union. Higher education, stipends and food for students was provided for free by the State. Public sector workers were entitled to fourteen month salaries for a year’s work, in addition to social benefits and various bonuses. Job security was unrivaled,…
Photo by LendingMemo 1. They Limit Jobs Labor unions act like cartels in the way they seek to restrict the number of workers in companies or entire industries in order to drive up the wages of remaining workers. Of course this means less jobs for everyone else and an increase in labor costs for that…
America has a serious problem. It’s one that is addressed even less than our national debt. Yet if massive action isn’t taken soon, it could become a very serious public safety concern. That issue is infrastructure. Collectively, the United States receives a D+ rating on all our bridges, roadways, dams, and critical infrastructure. Most states…
Should Black Friday be a national holiday? Henry Ford wrote in his biography of the mutually beneficial partnership of Capital and Labor. He opposed labor unions because he felt they undermined that partnership and turned the two sides against each other. In this regard, Ford was right. Capital needs Labor, and Labor needs Capital. …