Economics

June 24, 2022

Income inequality is not a problem for government to fix

Implicit in concerns about rising income inequality is a critique of the underlying system that generated that inequality: a free market regulated by competition. In a free market, people are rewarded with earnings that correspond to the value they create for others. Continue Reading...

March 31, 2022

Finding hope for Ukraine’s future

Thirty years ago, the world was in a transition that felt almost euphoric. The Soviet Union had been disbanded and communism in much of the rest of the world was in retreat. Continue Reading...

March 22, 2022

How do we determine the morality of economic sanctions?

Are economic sanctions morally permissible? That question has been asked by many people since Russia’s invasion of Ukraine and the imposition of a range of economic sanctions on Russian entities and individuals by the United States, most European nations, and many other countries. Continue Reading...

February 14, 2022

Terrorists and your valentine have more in common than you think

Economics is the study of human action; it’s the study of individuals making choices. As a result, we can use the “economic way of thinking” to understand the decisions people make when it comes to all types of behavior, including dating and marriage, Spring break and Vegas vacations, and, yes, even why terrorists commit acts of violence or voluntarily die for their cause. Continue Reading...

January 17, 2022

Here’s how to offer reparations in a free society

Today we mostly associate the idea of reparations for America’s black population with left-wing politics, and that’s no surprise. Only Democratic candidates for president, such as Marianne Williamson, mention reparations as part of their political platform. Continue Reading...

January 11, 2022

Dave Ramsey, Christian witness, and the morality of markets

The tweet heard ’round the world last week involved a clip of Dave Ramsey arguing that a Christian landlord can, ethically, raise rents to market levels even if it means that the renter has to move out. Continue Reading...

January 07, 2022

Remembering Latin America’s knight of freedom

January 7, 2022, marks the fifth anniversary of the death of a man who played a major role in spreading throughout Latin America the key ideas that underpin the free society. Continue Reading...

January 06, 2022

Elizabeth Holmes is the con artist we were all waiting for

Elizabeth Holmes has been found guilty on four of 11 federal charges of wire fraud and conspiracy, after promising revolutionary blood test technology from her corporation, Theranos. The promised disruption was something people desperately wanted and still want: cheap, quick blood tests, requiring only a finger drop of blood. Continue Reading...

January 05, 2022

North Korea’s economic and cultural reversals mark Kim Jong-un’s 10th anniversary

Communism has spawned only one full-scale monarchy: the Democratic People’s Republic of Korea. On December 17, 2011, 70-year-old Dear Leader Kim Jong-il died. That very same day, Kim’s 27-year-old son, Kim Jong-un, was put forth as the “Great Successor” and surrounded by elderly “mentors” who were supposed to guide him as he took over the leadership. Continue Reading...

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