Category Archives: Economics

minimum wage maximum economic ignorance

Huffington Post is it at again. Showing their disdain for science, a new article declares that: The minimum wage debate is a shining example of the left’s vigor and academic prowess. Sadly, that is true. The minimum wage debate is … Continue reading

Posted in Econ 101, Economics, Goverment, Labor, Price Controls, Standard of Living, State Worship | 1 Comment

gdp and trade deficits

A recent letter to the editor which stated that the American trade deficit lowers America’s GDP. Specifically: “When an American firm moves production offshore, the United States’ Gross Domestic Product declines by the amount of offshore production, and the foreign … Continue reading

Posted in Economics, Goverment, Standard of Living, Trade | Leave a comment

huffington post is ignorant of history

On Huffington Post, there is a new article titled: “Five Things Christian Fundamentalists Just Don’t Get”. It is approximately the quality and intelligence one would expect from an organization who regularly ignores the entire established science of economics. This particular … Continue reading

Posted in Econ 101, Economics, History, Jesus, Leftists, People, Standard of Living | 1 Comment

deadweight loss

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

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

detroit: the liberal utopia

Detroit has recently declared bankruptcy, a declaration overturned by a judge. It is going broke as its residents flee. Humorously, the city was featured in the Survival TV show Apocalypse Man, about how to scrounge for food and shelter in … Continue reading

Posted in Economics, Goverment, Leftists, Standard of Living, State Worship | 5 Comments

how the free market eliminates discrimination

It has long been argued by economists that price pressures create incentives for employers and merchants to end discrimination. This is true because when products are being sold at the natural market rate, limiting your customers necessarily shifts demand to … Continue reading

Posted in Abortion, Economics, Human Nature, Price Controls | 3 Comments

the high cost of the ADA

A while back Huffington Post was outraged by Allen West criticizing mandated Handicap Access features for hot tubs. Those leftist went wild with rage. They called him names. Said he hates handicap people. And lambasted the businesses who protested this … Continue reading

Posted in Economics, Goverment, Standard of Living | 1 Comment

omnipresence and rational irrationality

When I was about 14 years old, I approached my father to ask him a theological question. I had, ever since I was little, been taught God was omnipresent (that he was everywhere at once). But on this particular day … Continue reading

Posted in Bible, Calvinism, critical thinking, Econ 101, Economics, Figures of Speech, God, Omnipotence, Omnipresence, Open Theism, Theology | 4 Comments

lenin impoverished and murdered his people

From Paul Johnson, in his book Modern Times: We have to assume that what drove Lenin on to do what he did was a burning humanitarianism, akin to the love of the saints for God, for he had none of … Continue reading

Posted in Economics, Goverment, History | 2 Comments