Economics

Why It Might Be the Right Time to Quit Your Job 0
- Economics
- July 17, 2018
There is something absolutely beautiful about a tight labor market. It seems to shift decision-making from the boss to the employee. The jobs report is better than we’ve seen since the 2008 financial crisis, and perhaps in decades, and wages are on the rise. It’s a matter of supply and demand. Employers now are begging for talent, and ready
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What the Origins of Money Teaches Us About Spontaneous Order 0
- Economics
- July 17, 2018
Money has been around for most of human history. From Mesopotamia (or even earlier), all civilizations have employed some kind of medium of exchange to facilitate transactions regardless of their geographical locations, legal and economic systems, religious beliefs or political structures. Have you ever wondered why? In a brief essay entitled “On the Origins of
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The Economic Illiteracy of Bernie Sanders 0
- Economics
- July 16, 2018
In a recent piece for the Guardian, Bernie Sanders protests the dehumanizing exploitation of workers currently employed by Disneyland, which is owned by the Walt Disney Company. What starts as a few heart-throbbing anecdotes about individuals struggling to make ends meet readily segues into the usual narrative blending anti-capitalist banalities with mishandled economic data.
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3 Ways Milton Friedman Improved the Field of Economics 0
- Economics
- July 13, 2018
Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China, Chile, or Estonia followed the economic recipes contained in best sellers
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It’s Time to Privatize the United States Postal Service 0
- Economics
- July 13, 2018
Last week, the Trump administration unveiled a proposal to privatize the United States Postal Service (USPS). The plan comes as part of a broader initiative to trim and reorganize the federal government. And given its track record of waste and inefficiency, the USPS is a great place to start cutting the fat. “USPS’s current model is unsustainable.
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The Real Questions You Should Ask Your Economics Professor 0
- Economics
- July 12, 2018
“Students are commonly told that Jesus was amenable to socialism because he favored the sharing of wealth. But in fact, he taught personal responsibility, voluntary charity, and doing good from the heart, not from someone else’s wallet.” “The only thing new in the world,” President Harry Truman famously said, “is the history you do not
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