Monthly Archives: August 2013

deadweight loss

Posted on August 1, 2013 by christopher fisher

The concept of Deadweight Loss is the concept of mapping the basic economic principle that people respond to incentives. In trade, if the cost of producing an item goes up, forcing an increase in price, the amount bought will decrease … Continue reading →

Posted in Econ 101, Economics, Goverment, Price Controls, Taxes | 2 Comments

understanding the fall of detroit

Posted on August 1, 2013 by christopher fisher

In 1907 Eugene Richter wrote a book entitled “Pictures of the Socialistic Future”. The rise of communism and socialism did not occur until decades later, which makes the accuracy of Richter’s prophecies more chilling. Ritcher applied basic economics to how … Continue reading →

Posted in Econ 101, Economics, Goverment, History, Human Nature, Labor, Leftists, Price Controls, State Worship, Taxes | Leave a comment