Economics

The Man Who Created the German Economic Miracle 0
- Economics
- January 16, 2019
On April 2, 1948, Ludwig Erhard, a little-known economist who had opposed Nazism, was appointed Director of the Economic Council of Bizonia, the territory resulting from the merger of the British and American occupied territories in post-WWII Germany. Few suspected that, only two months later, he would unleash the power of free markets and trigger
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A History Lesson on the Shifting Political Stances on Illegal Immigration 0
- Economics
- January 16, 2019
Here are a couple of easy immigration questions—answerable with a simple “yes” or “no”—we might ask any American of any political stripe: Does everyone in the world have a right to live in the U.S.? Do the American people have a right, through their elected representatives, to decide who has the right to immigrate to
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Trump May Be Down, but He Shouldn’t Be Counted Out.0
- Economics
- January 14, 2019
Trump’s lack of popularity is no surprise. Of course, he has brought much of this on himself. With the help of a hostile media, it is understandable why he can’t seem to break the 45 percent ceiling. The result has been predictions of an imminent loss of the White House by Republicans, and that explains
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Why ‘Taxing the Rich’ Falls on the Middle Class Instead 0
- Economics
- January 11, 2019
As Democrats take control of the U.S. House, taxing the rich inevitably becomes a focus. Progressive candidates wasted no time in denouncing the recent round of tax cuts in their campaigns as a give-away to the rich. Although this rhetoric often polls well among some key demographics, in practice taxation isn’t so simple. A quick
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George Bernard Shaw Was so Enamored with Socialism He Advocated Genocide to Advance It 0
- Economics
- January 10, 2019
In an excerpt from her recently published book Why Women Have Better Sex Under Socialism, Kristen Ghodsee freely quotes from the works of the playwright and Fabian Socialist George Bernard Shaw to bolster her argument that capitalism is inherently sexist. The free market forces women to be reliant upon men, wrote Shaw, turning sex into a virtual bribe for financial
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Data Show California Is a Living Example of the Good Intentions Fallacy 0
- Economics
- January 9, 2019
During a speech at Harvard several years ago, Charlie Munger related a story about a surgeon who removed “bushel baskets full of normal gallbladders” from patients. The doctor was eventually removed, but much later than he should have been. Munger, the vice chairman of Berkshire Hathaway, wondered what motivated the doctor, so he asked a surgeon who
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