Economics

Why Straw Bans Don’t Help the Environment and Needlessly Restrict Freedom 0
- Economics
- August 6, 2018
Of all the consumer products one might have expected to become a flashpoint for political controversy, the humble plastic drinking straw is an unlikely contender. Leap into the headlines it has, though, with communities like Seattle and San Francisco recently enacting bans on disposable straws. The city council of Santa Barbara, California, initially voted for a ban
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The Top 1% Have 40% of America’s Wealth: Is This a Problem?0
- Economics
- August 3, 2018
A 2017 study found that 66 percent of Democrats view economic inequality as a “very big” problem, and 93 percent believe it to be at least a “moderately big” problem. And it’s not just the public – politicians like Bernie Sanders and Elizabeth Warren have frequently argued that the wealthy elite of society represent a
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Was Jesus a Socialist? A Conversation With Theologian David Bentley Hart and Economist Jerry Bowyer 0
- Economics
- August 3, 2018
Was Jesus a socialist? Was he revolting against wealth and money itself? Or was he actually challenging people who use the violence of the state to prosper? I have my own working framework for how to apply Jesus’s role model in politics and economics. Nevertheless, I recently spoke with fellow-travelers theologian David Bentley Hart (below)
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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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