Has there been a more effective system in human history that has lifted more people out of poverty than capitalism? Even in its different forms, capitalism has raised global living standards from Continue Reading
What do you call the day after Thanksgiving? For households that may have eaten a bit too much stuffing and pecan pie, it could be referred to as Diet Day. For those Continue Reading
It has been said that if you are not a socialist before you are 25, you have no heart; if you are a socialist after 25, you have no brain. Young people Continue Reading
In recent years, the young generation has shown an incredible interest in the field of economics. What was once considered a boring subject, economics is now more accessible and easier to understand Continue Reading
In the wake of the Coronavirus pandemic, Congress passed multi-trillion-dollar stimulus and relief packages to help people who were forced to stop working during the lockdown. Now that the bills are starting Continue Reading
What a difference six months make in the stock market. After a meltdown during the Coronavirus crisis, stocks have recovered and rallied to historical highs. Two companies have surged so much that Continue Reading
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The Economics of Kamala Harris
Should former Vice President Joe Biden win the presidential election in November, will he serve out his full four-year term? There has been a lot of speculation in conservative media that Biden Continue Reading
Former Vice President Joe Biden wants to spend a lot of money if he wins the 2020 election. Based on some of his proposals concerning infrastructure, climate change, and health care, Biden Continue Reading
Bill Gates and Elon Musk have said that artificial intelligence (A.I.) and the automatization of work will put much of the population out of work. They argue that solving this social problem Continue Reading
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Socialism Keeps Africa In Perpetual Poverty
Why is Africa still mostly poor? Some suggest the ghost of colonialism has turned the continent into a wasteland of corruption and poverty – but could there be another reason? The continent Continue Reading
For a lot of millennials, it has been hard getting into the stock market. When the bull run started, they were still in school, or they graduated with a lot of debt and Continue Reading
President Donald Trump has delivered on a campaign promise to ditch a 25-year-old trade agreement and replace it with something of his own. But where does the president’s new trilateral treaty – Continue Reading
In the middle of this pandemic, milk is poured down the drain and vegetables are plowed over. There is huge demand for the these groceries, so what is happening to the nation’s Continue Reading
Black Monday 2020, March 9, could be described in many different ways. It may go down as one of the biggest events in New York Stock Exchange history. Everything from major losses Continue Reading
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Why Socialism Failed: Soviet Union
Scenes of food shortages, long lines, and fed up Russians were commonplace in the Soviet Union. Moscow believed it could deliver a world of prosperity and egalitarianism by instituting advanced mathematical calculations Continue Reading
One of the most exciting places to be in this world is on a stock exchange. Every day, billions of dollars worth of stocks, bonds, exchange-traded funds (ETFs), and every other financial Continue Reading
By now, you may have learned about the success of bitcoin. There has been a lot of talk over the years that bitcoin would eventually replace the U.S. dollar or it would Continue Reading
Have you walked through a supermarket and wondered why oranges, beef, and a box of Oreo cookies are priced the way they are? Do you ever think about why gasoline prices fluctuate Continue Reading
There is a lot that baseball can teach us about economics. In part one, we looked at creative destruction, subjective value, and how both economic principles are at play in baseball. Now Continue Reading
Legendary baseball manager Tommy Lasorda wrote, “No matter how good you are, you’re going to lose one-third of your games. No matter how bad you are you’re going to win one-third of Continue Reading
Congratulations. You are living through one of the most prosperous times in American history: Wages, jobs, and investments are all up – and it seems that the good times will live on Continue Reading
Everybody is a borrower and a lender in today’s economy. Every time a person taps, swipes, or inserts their credit card, they are borrowing money from a credit lender, even if it Continue Reading
It seems like everything is put on credit these days. From lunch and movie tickets to paying for a college degree, consumers are living on borrowed money. Governments are also relying on Continue Reading