Economics

Infernal Inflation: What Goethe’s Devil Can Teach Us About Economics 0
- Economics
- July 17, 2019
Disguised in the form of a fool, the devil visits a young emperor. The unfortunate ruler bemoans his nation’s ragged economy to the archdemon. However, the devil develops a solution: flood the country with paper money. The emperor praises the wise fool, and soon puts the plan into action. This early scene of the fascinating
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What If Charity Replaced Taxation?0
- Economics
- July 16, 2019
Health care. Education. Among others, these goods have been considered so important that most current governments make a huge effort to provide them to people with inadequate incomes. Surely, it would be crazy to deny how important these goods are. In a 2016 survey conducted by Indiana University-Purdue University Indianapolis (IUPUI) titled “The 2016 US
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Are We Witnessing the Resurrection of Bitcoin?0
- Economics
- July 12, 2019
Bitcoin is back. The pioneering cryptocurrency has shown clear signs of recovery in the last months, moving from $3,715 in January this year to nearly $12,000 today. This has come as a surprise to those who thought that Bitcoin was slowly but steadily dying out. Earlier this year, Bitcoin’s prospects didn’t look very good.
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Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes to Blame 0
- Economics
- July 11, 2019
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws. The company, which has operated since the Lyndon Johnson Administration, said rising labor costs—part of a national trend of government-mandated minimum increases—were part of its decision. One Factor of Bankruptcy
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Progressives Propose to Eliminate Over a Million Jobs Held by the Working Poor 0
- Economics
- July 10, 2019
The Democratic presidential candidates are in agreement on a proposal to eliminate 1.3 million jobs nationwide. That’s not the way they would frame the issue, of course. Saying that you will eliminate over a million jobs held by the poorest people in America is not exactly a winning message. Instead, they frame it as a
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New York City’s Students Deserve School Choice 0
- Economics
- July 8, 2019
Heloise Moxey does not want to send her four-year-old son Bentley to the low-performing, South Bronx district schools that he is zoned to attend. “I won’t send him to the local public schools. The scores are horrible,” she said, adding that older son Lamar, 8, is thriving at the Leader’s Institute Charter School in Harlem.
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