Economics

Ocasio-Cortez Mourns a Coffee House Driven out of Business by a Minimum Wage Law She Supported 0
- Economics
- August 24, 2018
For 28 years, Union Square’s iconic cafe the Coffee Shop—located at 29 Union Square West—served New Yorkers and tourists who wanted to get a glimpse of where Carrie Bradshaw and her friends would hang out on Sex and the City. (The coffee shop was frequently featured on the hit HBO show. And yes, ahem, I’ve
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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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