Economics

Three Reasons Flawed Capitalism Is Still Better Than Perfect Socialism 0
- Economics
- May 20, 2019
A video clip of a military vehicle driving headlong into a crowd of innocent civilians keeps replaying itself in my mind. This happened in ‘socialist’ Venezuela. This South American country was once one of the happiest and richest countries in the world. Today families eat their pets for dinner. Meanwhile, Alexandria Ocasio-Cortez, Bernie Sanders, and probably
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Underemployment: The American Economy’s Biggest Underreported Story 0
- Economics
- May 16, 2019
Both economists and the media constantly monitor the unemployment rate. And for good reason. It says a lot about the health of the economy. But it isn’t the only significant one. The underemployment rate provides a different, but very important, look into the labor market. Underemployed is defined as an individual with a college degree
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Smart Ways to Make College Cheaper and Better 0
- Economics
- May 16, 2019
Distinguished professor emeritus of economics at Ohio University Richard Vedder’s new book “Restoring the Promise,” published by the Independent Institute based in Oakland, California, is about the crisis in higher education. He summarizes the three major problems faced by America’s colleges and universities. First, our universities “are vastly too expensive, often costing twice as much
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Chicago’s Taxpayer Burden Hits $119k Per Person to Lead US Cities, Report Finds 0
- Economics
- May 14, 2019
In 2015, Chicago imposed a nine percent tax on Netflix and PlayStations. In 2017, Chicago imposed a seven cent bag tax on every single plastic or paper bag used. In fact, Chicago is so thirsty for taxpayer dollars they imposed a five percent tax on bottled water. They even have a special additional tax for
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What Bernie Sanders Missed on His Soviet Honeymoon 0
- Economics
- May 10, 2019
Bernie Sanders and I have little in common, given his passionate commitment to “democratic” socialism and my firm belief in individual freedom. But we do share one thing: We both visited Moscow in 1988, albeit for differing reasons. Sanders was on what he called “a very strange honeymoon” with his bride Jane. I was traveling
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Zimbabwe Is a Basket Case; Botswana Shows It Doesn’t Have to Be 0
- Economics
- May 8, 2019
Over 500 days have passed since Robert Mugabe, Zimbabwe’s longtime dictator, was overthrown. He had been in power for 37 years. In an article published one year after the ouster, Washington Post’s Max Bearak claimed that the country looked pretty much the same without Mugabe. He was right. And the same could be said
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