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5 Vital Economics Lessons Your Kids Won’t Get in School
While some schools are better than other, generally basic economic lessons are absent from public school curriculum. These are vital lessons needed to understand the world around them. Here are just five lessons I wish someone had taught me in school. 1. Prices Why do some things cost more than others? Why does the price…
Is Price Gouging Fair?
We hear about it all the time. After a natural disaster, or during times of civil unrest such that transpired recently in Ferguson, businesses price gouge items in high demand. Water or a ride away from a dangerous area become expensive commodities. The instinct is to chastise such actions as immoral and selfish. But a…
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,…
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…
Punting to Politicians
Just as reliably as the sun rises and sets, so too with every election are there those who change their positions and defend the new ones tooth and nail over the old ones. No, it’s not the politicians, it’s the people who support them. Despite the fact that it often seems as though it’s always…
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…

