How Sanctions are effecting the Russian Economy

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,…

8 Ways Competition Improves Your Life

8 Ways Competition Improves Your Life

We all know how popular competitive sports are. But competition enhances our lives in so many other ways. Here are some ways which humanity’s competitive spirit has enriched your life: 1. Innovation Competition drives innovation, meaning in order to stay ahead of the competition companies need to constantly push the envelope in terms of service…

The Future of Education is Online — and That’s a Good Thing

The Future of Education is Online — and That’s a Good Thing

Since 1986, the cost of tuition at American colleges and universities has risen 498.41% — more than four times faster than the rate of inflation during that period (115.06%). The costs of obtaining a degree are escalating out of control and leaving many graduates with student loans which they are unable to repay. Much of…

Why Some Companies Like Government Regulation

Why Some Companies Like Government Regulation

The simplistic view of government regulation envisions idealistic regulators forcing regulation onto unwilling business. The reality though is that businesses often seek government regulation in order to gain unfair competitive advantages in the marketplace. Established Companies Established firms in an industry often seek regulation in order to discourage new competitors from entering the market. This…

A Problem Seven Times Worse than the National Debt

A Problem Seven Times Worse than the National Debt

The national debt of the United States is barreling out of control and American politicians appear completely unwilling to anger prospective voters by honestly saying “The American taxpayers cannot afford to give you everything you want.” The US national debt is currently 16.8 trillion dollars. That number is too large for most of us to…

The Stock Market is Unfair and That’s OK

The Stock Market is Unfair and That’s OK

Stock market transactions suffer from two “information asymmetry” issues. The first is that professional traders know more about almost everything related to stock trading than retail investors. This is not due mainly to academic degrees in finance; mostly it is because these guys live, eat, breathe, and sleep trading. The burn-out of full-time professional traders…

Escape from the USA!

Escape from the USA!

The failure of Detroit shows what happens when a government increases taxes and regulation beyond the point where individuals feel that they are worth putting up with. As residents abandoned Detroit for parts of the country with less onerous government, the population fell from 1,849,568 to just 713,777. Those who left were the taxpaying residents,…