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...
If there is one thing government is good at it’s spending money. Next time vital services are cut during a shutdown, or government threatens to cut veteran benefits, we thought you could think back on some of these government expenses. When a politician tells you there is nowher...
By Keith Farrell 1. Black Market Crime Who wants to keep marijuana illegal more so than almost anyone else? Drug dealers and drug cartels. In fact just legalizing marijuana in two states is having a major financial effect on Mexican cartels. In case you aren’t aware, these cartels are...
The US government has a habit of making poor economic policy decisions and then kicking the proverbial can down the road when it comes to paying for or dealing with the consequences of those policies. Here are four crises waiting to wreak havoc on the US economy if something isn’t don...
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 compa...
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 lo...
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 Esta...
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 ...
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 th...
Brick and mortar retailers have long complained that state and local sales taxes put them at a disadvantage against Internet-based retailers. When a resident of La Mirada California buys from a local store, they pay a 10% sales tax on their purchase. This includes sales taxes from the...