What about Capital Day?

What about Capital Day?

 Should Black Friday be a national holiday? Henry Ford wrote in his biography of the mutually beneficial partnership of Capital and Labor.  He opposed labor unions because he felt they undermined that partnership and turned the two sides against each other.  In this regard, Ford was right.  Capital needs Labor, and Labor needs Capital.            …

10 Hilarious Economic Lessons From South Park

10 Hilarious Economic Lessons From South Park

South Park is known for pushing buttons and offending people as much as it is known for its hilarious social commentary. Often the show makes astute observations about social behavior or turns political or economics issues into comedic gold. Here are ten episodes that provide funny and insightful economic insight with links to where you…

Freedom is not Absolute: The Subjective and Relative Nature of Human Liberty

Freedom is not Absolute: The Subjective and Relative Nature of Human Liberty

Recently I came across a friend who was espousing that Americans were not truly free. How can anyone who is supposedly free be required to pay taxes, they asked? Freedom is absolute, they proclaimed; you are either free or you are not. But freedom is not absolute. It is a relative and subjective concept. Freedom…

Right Here, Right Now: The Fall of the Berlin Wall and the Unfulfilled Promise of World Freedom

Right Here, Right Now: The Fall of the Berlin Wall and the Unfulfilled Promise of World Freedom

On November 9th, 2014 the world celebrated the 25th anniversary of the fall of the Berlin Wall. The event not only led to the liberation of millions of people and the fall of the Soviet Union, but it effectively ended a near 50 year old cold war nuclear standoff between the USSR and the United…

Higher Revenues with Lower Taxes? The Laffer Curve Explained

Higher Revenues with Lower Taxes? The Laffer Curve Explained

The idea that higher revenues can be raised by lowering tax rates seems counter intuitive to many. In fact, politicians who campaign on lowering taxes are often derided as liars, especially in light of budget deficits. It is often asked: how can anyone promise to cut taxes when the government is already short on revenue?…

Corporate Personhood and the Misconceptions About It

Corporate Personhood and the Misconceptions About It

One term which is often incorrectly inserted into political discourse is corporate personhood. Corporate personhood is a legal concept that arises from the extension of certain rights to market entities for the purpose of facilitating commerce and protecting individuals. Its application to campaign finance law has many erroneously rallying against the legal concept with slogans…