Economics

The Magna Carta Offered More Property Protection Than Modern U.S. States 0
- Economics
- January 13, 2020
Eight dollars and 41 cents. About the cost of a Chipotle burrito. That’s how much Uri Rafaeli owed the treasury in Wayne County, Michigan, for property taxes. To get that $8.41, the county took his house and sold it for $24,500 (or about 3,000 burritos.) They kept every penny for themselves. There is a word
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Eight Venezuelan Industries Hugo Chavez Nationalized (Besides Oil)0
- Economics
- January 10, 2020
Venezuela has experienced one of the sharpest economic declines in modern history – rampant inflation, near-famine, and an exodus of millions of asylum seekers. Yet there remains disagreement over what caused it. Many refuse to blame socialism, instead citing the collapse of oil prices, corruption, its abandonment of democracy, and other factors. If socialism did play a
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How This Teen Entrepreneur Created a Million-Dollar Candy Empire 1
- Economics
- January 9, 2020
Alina Morse is a typical 14-year-old girl in a lot of ways. She goes to high school, likes to dance, and lives with her parents. Did we mention she also runs her own international candy empire? Oh. Well, she does. The story begins with a trip to the bank when Morse was seven. She asked
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Keeping the Right Away from the Left 0
- Economics
- January 7, 2020
My 16-year-old recently texted me one of those where-do-you-fall-on-the-political-spectrum quizzes. She was curious to see how my results compared to those of a friend of hers who speaks fondly of socialism. His results were predictably leftist, though not as authoritarian as one might fear. So, I suppose there’s hope. I’ve been encouraged lately by some
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Henry Ford Did More for Workers than Unions Did 1
- Economics
- January 7, 2020
A Car for the Masses When Henry Ford came up with the Model T, his goal was to build a car for the masses. Although history teachers typically present this as pertaining to price, Ford actually had to do much more than make his automobile cheaper. In fact, when the Model T was released in
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The Postal Service Bleeds Cash in the New Year 0
- Economics
- January 6, 2020
As 2020 kicks off, the gift-giving season already feels like it was eons ago. But to the beleaguered and overextended United States Postal Service (USPS), the frantic pace of holiday shipping will continue well into January. Thanks to increasingly generous, “no questions asked” returns policies by leading e-commerce sellers, an astounding one third of shipped packages
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