Economics

Majority of Public Employees Don’t Want to Be Forced to Pay Union Dues 0
- Economics
- August 23, 2018
It’s National Employee Freedom Week, and a majority of public-sector union members agree with a recent Supreme Court ruling banning the collection of fees without express consent, according to a just-released poll. The case, Janus v. American Federation of State, County, and Municipal Employees, was brought against government unions for charging non-members “agency fees.” In
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Is Democratic Socialism a Myth Like the Loch Ness Monster and Bigfoot?0
- Economics
- August 22, 2018
With the upset primary victory of self-proclaimed “democratic socialist” Alexandria Ocasio-Cortez over long-time Democrat representative Joe Crowley, democratic socialism is receiving another boost of popularity in certain quarters of the country. Given the increasing popularity of socialism among young voters especially, it’s clear a basic truth (one might even call it an “inconvenient truth”) needs
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The Good Intentions Fallacy Is Driving Us Toward the Destructive Outcomes of Socialism 0
- Economics
- August 9, 2018
While Venezuela continues to collapse into a living hell for all but Nicolás Maduro and ruling elites, support in America for democratic socialism continues to rise. Graphic reports such as the recent New York Times photo essay about starvation in Venezuela abound: Kenyerber Aquino Merchán was 17 months old when he starved to death. His father left before dawn
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5 of the Worst Economic Predictions in History 0
- Economics
- August 9, 2018
Uncertainty makes human beings uncomfortable. Not knowing what’s going to happen in the future creates a sense of unrest in many people. That’s why we sometimes draw on predictions made by leading experts in their respective fields to make decisions in our daily lives. Unfortunately, history has shown that experts aren’t often much better than
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A Brief History of Russia Meddling in Other People’s Elections 0
- Economics
- August 8, 2018
U.S. Special counsel Robert Mueller on Feb. 16 indicted Russian individuals and entities for interference in the U.S. presidential election. This is not a one-off act of Russian interference. In the previous nine years, Russia has invaded its neighbor Georgia, annexed the Ukrainian province of Crimea and supported rebels in Eastern Ukraine. As a historian
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The Worst Emperor of Ancient Rome: Caligula 0
- Economics
- August 8, 2018
During the question-and-answer period after a lecture on ancient Rome, an audience member asked me, “Who would you rank as the Empire’s worst Emperor?” That was a tough one. I deplore concentrated power so I really don’t like any of them. Of the grand total of 178 emperors—81 in the Western Empire and 97 in
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