Economics

The Air Force’s $1,200 Air Coffee Cups Demonstrate Big Government at Its Best 0
- Economics
- November 12, 2018
The story of how the Air Force found a fifty-cent fix for its broken $1,200+ coffee cups is one for the “you’ve got to be kidding me” section in the volumes of examples for how the U.S. government manages to waste such massive amounts of money each year. That story begins in the summer of
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Socialists and Fascists Have Always Been Kissing Cousins 3
- Economics
- November 12, 2018
In 1939, the same year the Germans and the Russians mutually consented to rape Poland, T.S. Eliot rather famously (or, I suppose for some, infamously) declared: “If you will not have God (and He is a jealous God), you should pay your respects to Hitler or Stalin.” Eliot, of course, could not have been more
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This County Discovered It’s Possible to Operate Debt-Free… and Its Citizens Are Reaping the Benefits 0
- Economics
- November 8, 2018
The other day, I wrote about the disadvantages of state and local governments issuing general obligation debt. Those governments currently have more than $3 trillion in overall debt outstanding. Government borrowing enriches financial firms, encourages corruption, and magnifies the ultimate tax burden that citizens will bear for the related spending. It is prudent and practical for states
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What is Neoliberalism?1
- Economics
- November 6, 2018
Neoliberalism is one of those concepts that changes meaning depending on whom you ask. Whereas the intellectual opponents of capitalism use it to refer to the political and economic system that emerged in the 1980s and continues to be hegemonic today, classical liberals see it as a vague and empty concept that adds nothing to
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Government Economists Offer Window Into What a Socialist US Economy Would Look Like 0
- Economics
- October 24, 2018
If the United States were to adopt the socialist policies of Venezuela, the move would slash the economy by 40 percent—or $24,000 per year for the average American, according to a report by the president’s Council of Economic Advisers. “Coincident with the 200th anniversary of Karl Marx’s birth, socialism is making a comeback in American
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Beyond Climate Change: 3 Important Economic Contributions of Nobel Prize Winner William Nordhaus 0
- Economics
- October 24, 2018
Yale economist William D. Nordhaus was recently awarded the Nobel Prize in Economic Sciences (or, to be more precise, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for his analysis of the economic impact of climate change. Nordhaus pioneered the study of global warming from an economic perspective, developing a model
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