Economics

The Soviet Union Began as a Democratic Experiment in Socialism 0
- Economics
- April 13, 2020
When Bernie Sanders made his debut on the national stage in 2016, most Americans had never heard of democratic socialism (the idea that the government controls the means of production but we all get to vote). But in the four years following his loss to Hilary Clinton, it’s become a major topic for American politics.
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Crying Over Dumped Milk 0
- Economics
- April 6, 2020
Frustrated shoppers have reason to cry over spilled milk. Dairy farmers are dumping millions of gallons of the stuff. Meanwhile, some dairy products are sold out at many grocery stores across the country, due to intense demand for basic household goods amid the coronavirus crisis. USA Today reports on one farm in Wisconsin: “About 7
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The Fed Is Running Out of Bubbles to Create 0
- Economics
- April 3, 2020
The Fed came out with a series of unprecedented measures on March 22, 2020. They announced the Fed will buy an unlimited amount of Treasurys and mortgage-backed securities (MBS), or as Peter Schiff refers to it, “QE infinity.” This has been very positively welcomed by many in the mainstream media and by businesses. Yet, what many are
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Study: Consumers Don’t Care About Govt Licenses 0
- Economics
- April 1, 2020
The already crippling credentialization of the workforce via burdensome and unnecessary occupational licensing laws is hitting workers particularly hard during the coronavirus pandemic, thus making it more difficult for job seekers to find work. Indeed, seemingly reasonable requirements that electricians and healthcare professionals be licensed has given way to ludicrous laws mandating that… adult film
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Zoom’s Acceleration Isn’t Slowed by Red Tape 0
- Economics
- March 31, 2020
Founder and current CEO emeritus of Visa, Inc., Dee Hock once said, “From no more than dreams, determination, and the liberty to try, quite ordinary people consistently do extraordinary things.” Yet in the fight against COVID-19, many “ordinary people” have been blocked from doing “extraordinary things.” Due to government regulations, too few people have been
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J.M. Keynes’ Dreams of a Eugenic Future 0
- Economics
- March 24, 2020
Economic Possibilities for our Grandchildren ranks among the best-known contributions in the economic writings of John Maynard Keynes. First prepared as a lecture for schoolchildren in 1928, the article predicted a coming age of leisure and economic abundance in the not-too-distant future. The economist’s century-long prophecy of a 15-hour work week, attained through scientific ordering
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