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10 Left Wing Economic Misconceptions
Subsidization- What the Left believes: Subsidization is a viable way to encourage desired economic activity. Alternative energies, organic foods, and anything that is good for people should be subsidized. The Truth is: The subsidization of a product’s or service’s cost by the government is a way to encourage certain activity. However, subsidies have adverse effects….
Why Fixed Interest Rates Are Bad
Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as low as 2% to 3%,…
11 Ways the Government is Making you Poorer
Photo by 401(K) 2013 Taxes- Americans don’t like taxes very much, but that doesn’t stop them from having to pay them. And there are a lot! There are payroll taxes, income taxes, property taxes, car taxes, sales taxes, luxury taxes, inheritance taxes, gift taxes, and more! When Americans buy a product at a store, they…
The Ramifications of a Welfare State
The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…
Just what is Capitalism?
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…
A Defense of Outsourcing: What You Haven’t Considered
Outsourcing — sending manufacturing or services work abroad where it can be done more cheaply — can be a tough sell in the best of times. It’s even more of a challenge when jobs in the U.S. are already hard to find, making it painful to think of precious jobs being shipped overseas. If only…

