Category Archives: Economics

communism in acts

Karl Marx summed up Communism with the phrase: From each according to his ability, to each according to his need. Communism is the principle that people pool resources and the resources are then distributed according to people’s needs. People have … Continue reading

Posted in Bible, Dispensationalism, Economics, History, Human Nature, Theology | 3 Comments

miracle fatigue

The modern world really doesn’t understand our current wealth. A large section of society even believes they would be able to survive off the land if they were forced to do so. Nature wants to kill us, it is only … Continue reading

Posted in Economics, Human Nature, Standard of Living | Leave a comment

recession economics

EconLog posted one of their most informative posts today. Bryan Caplan writes on why wages do not decrease during a recession (i.e. why employers favor layoffs). Markets in everything. It appears that there is an internal business market for equity … Continue reading

Posted in Econ 101, Economics, Human Nature, Labor | Leave a comment

advice from an experienced street preacher

In this video, street preacher Jesse Morrell shares some life lessons from his 10 years of street preaching. Jesse is an expert in dealing with human beings (especially belligerent ones). Although the video is geared towards relations with the police, … Continue reading

Posted in Bible, Calvinism, Econ 101, Economics, Human Nature, Theology | Leave a comment

the simon- ehrlich bet

“If I were a gambler, I would take even money that England will not exist in the year 2000.” – Paul Ehrlich, 1971 In 1968, Paul Ehrlich published the book “The Population Bomb”. The first couple sentences of the book … Continue reading

Posted in Economics, Human Nature, Hypocrisy, Leftists, Science, Standard of Living | 1 Comment

men and women are different

An oft heard statistic is that for every dollar a man makes, a woman makes .77 cents. The factoid itself is a sharp lesson in bad statistics. It is calculated by taking the “median” female income (not even the average!) … Continue reading

Posted in Econ 101, Economics, Human Nature, Leftists, Statistics, Women | Leave a comment

reasontv on airbnb

An excellent profile of an amazing company by ReasonTV:

Posted in Economics, Goverment, Price Controls, videos | Leave a comment

the great medical cost decline

The best way to illustrate with real life examples how “insurance” increases the price of services, is to compare covered procedures with uncovered procedures: Cosmetic Surgery Prices. Cosmetic surgery is one of the few types of medical care for which … Continue reading

Posted in Economics, Human Nature, Price Controls | 1 Comment

understanding insurance costs

Pretend you decide to spend a night out eating at Olive Garden. You arrive to find the restaurant filled with 49 other people, all who value and love Olive Garden’s food. But as soon as you sit down, the waiter … Continue reading

Posted in Econ 101, Economics, Goverment, Human Nature, Price Controls | 1 Comment

on tariffs and coersion

Don Boudreaux on import tariffs: If American shrimpers waved guns in consumers’ faces and threatened to shoot if these consumers insist on buying low-priced imported shrimp rather than buy higher-priced domestic shrimp, such thievery would be punished with jail time. … Continue reading

Posted in Economics, Goverment, Labor | Leave a comment