Economics

How We Can Do Good By Doing Well 0
- Economics
- December 23, 2019
Among economists’ insights over the last almost 250 years, one of the keenest is that one can do good while doing well. The idea traces to Adam Smith. It means capitalists’/entrepreneurs’ pursuit of profit can have favorable consequences for the community at large – and not just for capitalists and entrepreneurs. It applies equally to landowners and
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Huge Baseball Contracts Come With Record Breaking Taxes 0
- Economics
- December 13, 2019
In the past week, several record-breaking contracts were signed by Major League Baseball players. Stephen Strasburg, the 2019 World Series MVP, was first, re-signing with the Washington Nationals on a seven-year, $245 million deal. That was a record for the largest contract ever for a pitcher, both in terms of total value and in annual average
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When Communists Abolished the Weekend 0
- Economics
- December 9, 2019
Anti-capitalists on both left and right tell us that “capitalism” is destroying the weekend. The conservatives insist we need laws to punish people who try to sell things on Sunday. Leftists insist “unbridled capitalism” is destroying the weekend, which “lets us cultivate the seeds of civil society…” But it’s not capitalism that’s doing this dirty work. The decline of
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Transferism, Not Socialism, Is the Drug Americans Are Hooked On 0
- Economics
- December 6, 2019
The United States has never had a meaningful socialist tradition or even a semi-serious socialist party. Socialism in the United States is a fringe movement at best and always has been. This makes the sudden acceptability of socialism all the more surprising. But with one avowed socialist, Bernie Sanders, campaigning for the presidency for a
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More Evidence Emerges That Federal Government Is Funding Worthless College Degrees 0
- Economics
- December 5, 2019
Americans have long suspected that, for many, a college degree simply isn’t worth the price. American taxpayers – two-thirds of whom do not have a college degree – are likewise increasingly skeptical of the notion that they should pay off loans that someone else made the decision to take out. With recently published College Scorecard data, American students and
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Socialist Policies Have Piqued American Interests Before 0
- Economics
- December 4, 2019
Socialist policies have entered the American presidential race with new ferocity in the 2020 election thanks to Bernie Sanders and his senate colleague Elizabeth Warren. But the wealth tax and other redistributive proposals these two senators propose aren’t out of left field. America has seen other, more invasive schemes for ending inequality throughout its history.
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