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Category Archives: Goverment
reasontv on airbnb
An excellent profile of an amazing company by ReasonTV:
Posted in Economics, Goverment, Price Controls, videos
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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
do not defend your right to own a gun
When talking about guns, debates seem to be of the standard script. Anti gun folks will point out shootings and crime. Pro gun folks will counter with statistical probabilities and examples of states. All of this is in the attempt … Continue reading
Posted in Goverment, Guns
3 Comments
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
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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
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safeguard your children from molesters
Today I listened to a couple child sex crime detectives discuss the state of child pornography and child sex crimes in America. The audience cringed and squirmed as the detectives cited their statistics. They had a backlog of 80 cases … Continue reading
Posted in Abortion, Goverment, History, Human Nature, Standard of Living, Statistics
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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
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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
reality is not optional 