Economics

Did Slavery Make America Richer?0
- Economics
- August 22, 2019
In the past few decades, a new subfield of history has emerged: the history of capitalism. The subfield is widely popular in the media as a result of hugely influential books such as those of Sven Beckert and Edward Baptist. These two particular authors tie the “peculiar institution” of slavery in American history to capitalism.
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Advice for Presidential Candidates From Bastiat 0
- Economics
- August 21, 2019
Whether conjured up by something I ate before bedtime, or by the cheesy horror flick I watched a few nights before, or by something else, I just don’t know – but I tossed and turned through one of the most vivid dreams last weekend that I’ve ever experienced. The Dream I was in a classroom
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Open Borders? The EU Has Hundreds of Miles of Walls 0
- Economics
- August 19, 2019
If you voted for Donald Trump on the basis of a three-word, three-syllable chant, it was probably “we will win,” “lock her up,” or “build the wall.” Regarding the latter, proponents of less immigration have reason to be frustrated. Prior to the midterm elections, the Republican-held presidency, Senate, and House barely moved an inch on
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New Study Defending NYC’s Minimum Wage Law Is Fake News 1
- Economics
- August 14, 2019
Last week Business Insider published an article with the eye-opening title “NYC’s $15 minimum wage hasn’t brought the restaurant apocalypse — it’s helped them thrive.” Given the political momentum for the “Fight for 15” movement, culminating in the House voting in favor of a $15 national minimum wage last month, the article made for perfect social
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The Post Office Is on Pace for Its Worst Year Since 2012 Default 0
- Economics
- August 13, 2019
The United States Postal Service on Friday reported total revenue of just over $17 billion for the third quarter of fiscal year 2019. Total operating expenses came in at $19.3 billion. Excessive Losses The net loss of nearly $2.3 billion comes on the heels of an already bleak fiscal year that saw a combined loss
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No, Tariffs Won’t Ruin Christmas 0
- Economics
- August 6, 2019
President Trump says he will impose a 10 percent tariff on $300 billion worth of Chinese imports beginning September 1. The tariff would affect consumer goods primarily, according to an analysis by Goldman Sachs. Cue the histrionics. The Washington Post laments that these tariffs will ruin America’s “holiday” shopping season. The Post cites a study claiming that the price
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