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Economics

  • 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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  • The Economics of ‘Mending Wall’

    The Economics of ‘Mending Wall’3

    Mending Wall, the endearing 1914 poem by Robert Frost, offers important lessons about economics and cooperation. While the poem contains lessons about balancing tolerance and acceptance, modernity and tradition, and perhaps the efficacy of national borders, it remains open to interpretation. The surface-level message, repeated twice in the poem, is that “good fences make good neighbors,” which

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  • Five-Dollar Eggs and the Gift of Productivity

    Five-Dollar Eggs and the Gift of Productivity2

    A dozen eggs now cost five dollars at my local grocery store. I would complain, but given that some people are reporting nine dollar eggs, it seems like a better idea to just shut up, be grateful, and ration the eggs I do have. An even better move would be to consider how smart my neighbor John*

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  • Southwest Meltdown: End Airline Corporate Welfare

    Southwest Meltdown: End Airline Corporate Welfare0

    Southwest Airlines experienced an enormous meltdown over the Christmas holiday week last month, cancelling thousands of flights, and losing track of—or outright losing—countless pieces of luggage. The airline was full of excuses, of course. As has become fashionable for government and corporate screw-ups, airline management attempted to blame Covid for staffing problems. Southwest also blamed

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