Economics

Post Office Has Boom Year, Loses More Money Than Ever 0
- Economics
- November 28, 2018
For the U.S. government’s 2018 fiscal year, the U.S. Postal Service reports that it successfully boosted its annual revenue by $1 billion over the previous year to $70.7 billion, marking a boom year for its mail and package delivery services. Unfortunately, it also spent about $3.9 billion more to provide those services than it took in during
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Why Poor People in the Freest Nations Have Incomes 8x Higher Than Poor People in the Least Free 0
- Economics
- November 20, 2018
Everyone interested in classical liberalism is familiar with the left-wing narrative that free markets undermine democracy and make the poor poorer. Those who perpetuate these fallacies often describe free market advocates as defenders of the greedy rich while painting socialists as heroes for the common good who bravely dare to challenge the interests of big
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The New York Times Reveals the Horrors of Capitalism—By Showing China’s State-Run Hospitals 0
- Economics
- November 19, 2018
The New York Times released a 10-minute video last month entitled “How Capitalism Ruined China’s Health Care System.” The video attempts to blame capitalism for the many problems in China’s health care system. “Under Mao Zedong the Communist state provided free health care for all,” the narrator tells us. “Decades later China adopted a unique brand of capitalism
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More Markets and Less Politics 0
- Economics
- November 15, 2018
Facebook is an excellent way to waste time. But it sometimes becomes a source of inspiration. Last week, I came across a post by economist Steve Horwitz in which he commented on a WSJ article about Israeli tech companies hiring Palestinian engineers due to a lack of qualified workers in the sector. In it, Horwitz
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Is Alexandria Ocasio-Cortez Right About the New Amazon Headquarters?0
- Economics
- November 14, 2018
After much anticipation, Amazon announced yesterday that it will open its new headquarters, HQ2, in two locations: Queens, New York, and Crystal City, Virginia. It will also open a third “Operations Center of Excellence” in Nashville. Controversy attended the announcement, as all three cities promised the company subsidies and tax incentives topping $2.2 billion. New York pledged $1.525 billion between
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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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