Economics

How Venezuelans Can Recover from the Sickness of Socialism 0
- Economics
- February 8, 2019
And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works – French economist and statesman Frédéric Bastiat, 1850. Venezuela’s socialist
READ MORE
How ‘Woke’ Are You on World Poverty?0
- Economics
- February 6, 2019
By now you have probably heard the exhortation “stay woke.” To be woke means a person is “an informed, questioning, self-educating individual” who “look[s] past the provided narrative.” Yet, most among the self-proclaimed woke are still fast asleep. They may have a facile way of imparting narratives about issues, but those narratives are often based
READ MORE
I’m the 0.0001%: My Confession 0
- Economics
- February 5, 2019
Income inequality in the US celebrated its 50th birthday last year. Having declined steadily after World War II, 1968 began a 50-year winning streak. Few are cheering, though, because concentrations of wealth are dangerous. People controlling huge amounts of money can use their buying power to push us all around. Hence billionaires like Mark Zuckerberg,
READ MORE

Why Does the Federal Government Fail So Miserably Most of the Time?0
- Economics
- February 4, 2019
6.5 M people with active social security numbers are 112 or older. When I spotted this headline in the Washington Times, and misinterpreted it, my heart took a bounce. First came astonishment and joy. With that many men and women living to be 112 or older, and surely many more living at least
READ MORE
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
READ MORE
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
READ MORE