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10 Economists Everyone Should Know About
Economics. Typical reactions range from blank stares to annoyed grumbles. It never has been sexy or hip, even if sexy or hip wouldn’t really exist without it. Since Fan Li wrote the “Golden Rules for Business” in 517 BC, people have been studying, writing about, and arguing economics nearly continuously. All of this studying,writing, and…

4 Inconvenient Truths Only John Oliver Has Covered
John Oliver, the British comedian and television personality formerly of Comedy Central’s The Daily Show, is making waves with his new show on HBO. Last Week Tonight with John Oliver has taken the satire news format and brought it to the uncensored, unadulterated land of late night cable television. The results have been hilarious and…

Regulatory Capture: Wolves Guarding Hen Houses
Regulatory Capture is a process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…

How Sanctions are effecting the Russian Economy
Keith Farrell The downing of Malaysian Airlines flight 17 has raised tensions that seemed to be cooling between Vladimir Putin’s Russia and the West. Western leaders have threatened to levy additional sanctions against the Russian economy as finger pointing over the incident continues. The West has joined together to decide just how to punish Russia,…

Lobbying and the Misconceptions about It
Lobbyist are often decried as the reason for most of what is wrong with our country, government, and society as a whole. They are those lowdown scoundrels of big moneyed influence and corporate cronyism who buy congressmen as easily as one orders Chinese takeout, and who have sinister influence on all matters of policy. The…

Wages and the Cost of Living: What Isn’t Being Considered
The case for higher minimum wages across the country is based on the premise that Americans cannot keep up with the cost of living. Recently I came across a post that charged Wal-Mart was irresponsible because a high number of their employees were receiving state benefits. The post claimed that Wal-Mart’s wages are so low…