Economics

Cheesecake Factory’s Free Cheesecake Disaster Is a Lesson in Scarcity and Prices 0
- Economics
- February 4, 2019
It sounded like a great idea. To celebrate its 40th anniversary, in November Cheesecake Factory announced it was giving away 40,000 pieces of cheesecake to customers who used the DoorDash app to place orders. Giving away, as in free. What could possibly go wrong by giving away 40,000 slices of the most delicious cake on
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9 Big Questions About Democratic Socialism 0
- Economics
- February 4, 2019
Democratic socialism is hot in the United States right now. Both the American media and young people seem to be enamored of the thought of steeply progressive, redistributive tax rates designed to achieve some vision of justice. As with most public policy ideas, we tend to get pretty far down the road before we ask
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Democratic Socialism and Regular Socialism Have the Same Goal 0
- Economics
- January 29, 2019
The longing for the socialist dream comes in part from the great success of capitalism as an engine of prosperity. From the nineteenth century onwards, the entrepreneurial economy created prosperity on a scale that had never been seen before in history.The socialists, however, believed economic success would become even greater in a society of egalitarian
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California Now Wants to Tax… Drinking Water 0
- Economics
- January 28, 2019
California’s new governor has wasted little time continuing the state’s seemingly limitless expansion of government. Governor Gavin Newsom’s first budget proposal, published last week, suggests instituting a tax on drinking water in the name of cleaning up California’s water systems. The “Environmental Protection” section of the 2019-2020 budget seeks to establish a new special fund,
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France’s Protests Are Different This Time. Here’s Why.0
- Economics
- January 24, 2019
When the first demonstrations on the streets of Paris were reported nine weeks ago, nobody could have foreseen the endurance, the tenacity and the viral effect of the Yellow Vests movement. After all, the French are known to protest and to strike, it’s part and parcel of their culture. However, by the time this article
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Is Your Child Wealthier Than Half the World’s Population?0
- Economics
- January 24, 2019
CNN: “The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people” Time magazine: “The World’s Top 26 Billionaires Now Own as Much as the Poorest 3.8 Billion, Says Oxfam” The Guardian: “World’s 26 richest people own as much as poorest 50%, says Oxfam” You’ve probably seen these headlines—or ones like
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