Wages and the Cost of Living: What Isn’t Being Considered

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…

Are your photos and private messages being stored on a cloud? The answer may surprise you

Are your photos and private messages being stored on a cloud? The answer may surprise you

One of the biggest stories this year has been the release of nude photos of celebrities that were stolen from Apple’s iCloud. The theft and release of such photos is clearly a violation of privacy and an act of voyeurism. I must admit, however, that like many Americans, I did not feel much pity for…

5 Vital Economics Lessons Your Kids Won’t Get in School

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…

Subsidies are the Steroids of Business

Subsidies are the Steroids of Business

When the use of steroids and performance enhancing supplements became widespread in Major League Baseball, fans were in outraged. If some players had an unfair advantage over others, it sullied the entire sport. Americans who followed baseball felt cheated and duped. Congress even got involved, citing The Federally Controlled Substances Act and anti-trust exemptions held…

The Politics of Corn

The Politics of Corn

Take a look at almost any prepackaged food product you buy at the store. You will be surprised how many products contain High Fructose Corn Syrup (HFCS), a sweetener derived from corn sugar. HFCS is not better tasting than sugar, nor is it healthier, as studies have shown a link between HFCS and increased rates…