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Economics

  • The Myth of Rural “Assistance”

    The Myth of Rural “Assistance”1

    As the old country proverb goes, “if it’s happened once, it’s damned-shor’ gonna happen again.” Robert Wright’s forthcoming book, New Deals Exposed: How the Miseries of the Great Depression are Being Repeated Today, makes the convincing case that the sort of good-intentioned lunacy which marked New Deal policy failures is happening all over again, as the world

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  • What Exercise and Economics Have in Common

    What Exercise and Economics Have in Common0

    With a background in both studying economics and working in the fitness industry, I can see how the two fields complement each other and together provide a valuable learning opportunity. I’ve found that the lessons I taught my fitness clients in the gym about the well-being of their bodies are similar to the lessons that

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  • Western Leftists Loved Stalinism and Maoism, Despite Their Horrors

    Western Leftists Loved Stalinism and Maoism, Despite Their Horrors1

    I recently had the opportunity to travel to the Texas Tech University School of Law to debate the merits of capitalism versus socialism with Ben Burgis, a columnist for Jacobin and philosophy instructor at Georgia State University Perimeter College. It was a riveting discussion, and I hope students left with not just a better understanding of the horrors

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  • The Not-So-Great Depression Diet

    The Not-So-Great Depression Diet0

    When E.C. Harwood formed the American Institute for Economic Research 90 years ago, the New Deal was just beginning. The Great Depression, though, was over three years old, and it was a hangry, troublesome toddler. For those with a job, or on a fixed income, the Depression was great, because prices sank a great deal.

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  • Why the American Medical System Is Broken

    Why the American Medical System Is Broken10

    Anyone who’s recently visited a hospital in America knows the system is broken. Prices are outrageous, answers are slim, and insurance companies are insufferable. Each time I think about how the medical system in America is terrible, one of the only small comforts is that Canada’s healthcare situation is worse. Still, we didn’t arrive here

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  • Has Capitalism Created a Wasteful Excess of Managers?

    Has Capitalism Created a Wasteful Excess of Managers?1

    Have you noticed there seem to be a lot of managers nowadays? It’s not just you. Professors at the Harvard Business Review estimate there is one manager for every 4.7 employees and claim this excessive amount of paper-pushers leads to a total loss of $3 trillion dollars per year in the US. This amount of waste

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