Economics

Inflation Veering Toward 1 Million Percent in Collapsing, Socialist Venezuela 0
- Economics
- August 2, 2018
Venezuela’s inflation may hit 1 million percent by the end of the year, the International Monetary Fund announced on Monday. This incredible hyperinflation is reminiscent of Weimar Germany during the years immediately after World War I, in which wheelbarrows full of cash were required to buy bare essential items, like a loaf of bread. That pile
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3 Nobel Prize-Winning Contributions to Economic Science (From People Who Weren’t Economists)0
- Economics
- July 30, 2018
Since it was introduced in 1968, the Nobel Memorial Prize in Economic Sciences has been awarded to 79 individuals for their contributions to different branches of economics. Yet not all of them were economists by training. Here are three contributions that earned their authors the Nobel Prize in a field that wasn’t initially theirs. 1.
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Venezuela’s Nightmare: 5 Reasons It’s Likely to Get Worse 0
- Economics
- July 30, 2018
“It’s time for a coup in Venezuela.” That statement appeared in Foreign Policy magazine on June 5, two weeks after Nicolás Maduro was re-elected as Venezuela’s president on May 20 in an election widely considered to be rigged. José R. Cárdenas, the former Bush administration official who wrote it, argued that “the United States and
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Could Britain-Style Healthcare Work in America?0
- Economics
- July 27, 2018
The Democrat Party has been shifting to the left on healthcare. A recent Gallup poll found that nearly 70 percent of Democrats favor a single-payer system. But the same poll found that when given the choice of “Favor,” “Oppose,” or “Don’t know enough to say,” a whopping 61 percent of responders chose the third option.
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Alexandria Ocasio-Cortez’s Campaign Platform Explains Her Primary Victory 0
- Economics
- July 26, 2018
After pulling off a major upset in the Democratic Primary for New York’s 14th congressional district, 28-year-old Alexandria Ocasio-Cortez is now being touted as the new face of the Democratic Party. Ocasio’s victory has rejuvenated the Democratic Party and liberals nationwide. For many on the Left, Ocasio’s recent victory is a breath of fresh air after putting up
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You Can’t Leave the U.S. Unless the IRS Lets You Now 0
- Economics
- July 25, 2018
When it comes to human migration, nearly everything we hear nowadays in relation to the United States and Europe is related to immigration into North America and Europe. Historically, however, governments have often been as concerned with emigration as they have been with immigration. This is not surprising since government have always attempted to “monopolize
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