Economics

Socialism is Not Built on Compassion. It’s Built on Group Conflict.0
- Economics
- July 11, 2018
Some claim capitalism dehumanizes individuals. Others claim Horatio Alger stories are a myth, believing individuals have little social or economic mobility under capitalism and cannot rise above the circumstances into which they are born. If you believe capitalism does a worse job than socialism on social and economic mobility and that socialism treats people
READ MORE
How Democracies Become Tyrannical 0
- Economics
- July 3, 2018
For most of the last three centuries, the ideas of liberty and democracy have been intertwined in the minds of both friends and foes of a free society. The substitution of absolute monarchies with governments representative of the voting choices of a nation’s population has been considered part and parcel with the advancement of freedom
READ MORE
Why People in Hong Kong Have Incomes 5x Higher Than People in China’s Richest Province 0
- Economics
- June 29, 2018
For two decades, prosperity has followed economic freedom for the most economically free territory in the world: Hong Kong. An island lacking natural resources, Hong Kong was added to the British Empire after the Opium Wars and eventually transformed into a hub of Britain’s China trade. Britain’s 99-year lease on Hong Kong expired in 1997,
READ MORE

Three Common Ways Governments Misuse Statistics and What You Can Do About It 0
- Economics
- June 28, 2018
Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: “The constant supply of data produced by think tanks, government agencies, independent researchers, academics and others is a significant and a
READ MORE
Seattle Aiming to Become More Like Detroit 0
- Economics
- June 22, 2018
This article says “Seattle is struggling to find a path forward to deal with a crisis that’s exploded in recent years.” What is that crisis? An economic boom! The article says, “unemployment in the county is at 3%, the lowest in the state… Housing is becoming less affordable, leading to more homelessness. At the same
READ MORE
‘Bourgeois Dignity’: The Idea that Created the Modern World 0
- Economics
- June 22, 2018
When thinking about the astonishing improvement in living standards occurring over the last two centuries, one can’t help but wonder about the causes of such a radical transformation: what explains the unprecedented increase in income per capita that the world has experienced since 1800? To answer this question, one needs to look back at where it all
READ MORE