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Economics

  • Federal Subsidization of Riots is a Terrible Idea

    Federal Subsidization of Riots is a Terrible Idea0

    The city of Minneapolis estimates that nearly 1,000 commercial buildings were damaged during riots that followed George Floyd’s death at the hands of city police on May 25, causing at least $55 million in damage. City officials and congressional representatives are calling on the federal government to provide aid to the city, either through FEMA

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  • The Environmentalist’s Dream Came True With COVID

    The Environmentalist’s Dream Came True With COVID0

    Have you recently heard anything about the major existential threat to our lives? I don’t mean the exaggerated virality of the virus currently wreaking havoc with our globalized societies, but the endlessly dangerous impact of climate change? Of rising sea levels and volatile weather leading to crop failures and mass starvation and collapse of precious

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  • Greed, Not COVID-19, Devastated New York City’s Budget

    Greed, Not COVID-19, Devastated New York City’s Budget0

    Romina Boccia, the director of the Grover M. Hermann Center for the Federal Budget at the Heritage Foundation, recently warned some states and cities intend to use COVID-19 aid to bailout their fiscally irresponsible policies. Boccia specifically called out New York City, which has already received billions of dollars of aid to combat COVID-19. “What

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  • Why Socialists Love the Phrase ‘It’s Not Real Socialism’

    Why Socialists Love the Phrase ‘It’s Not Real Socialism’0

    The main reason that the socialists have had the staying power that has, luckily, eluded the Nazis is the argument that these self-acclaimed socialist regimes were “not real socialism.” One influential intellectual responsible for popularizing this argument is philosopher Noam Chomsky, who postulates that socialist regimes, the USSR specifically, merely pretended to be socialist to

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  • Sweden’s Economy Grows in 1st Quarter Despite COVID

    Sweden’s Economy Grows in 1st Quarter Despite COVID0

    CNBC reports that Sweden, which avoided a hardline lockdown during the COVID-19 pandemic, saw its economy grow in the first quarter. The Swedish economy expanded at a far superior rate than many of its European counterparts over the first three months of the year, data published Friday showed, following the government’s decision not to impose

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  • Notes From the Asylum on the CARES Act

    Notes From the Asylum on the CARES Act0

    When it comes to economics, I must be dumb as a stump.            Like many others, I received a letter from The White House this past week announcing that I would receive $1200 from the Coronavirus, Relief, and Economic Security Act (CARES ACT). The CARES Act is bringing “this $2.2 trillion

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