Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
Entrepreneurs pitch an endless stream of Ideas. Everyone argues over which can work. A few attract funding. Most fail. This competitive market process ensures only the best survive.
UberX produces daily social value of about $18 million. That is comparable to having an excellent French impressionist painter produce a beautiful work each day and give it away for free.
Henry Hazlitt’s Economics in One Lesson was written by Henry Hazlitt and first published 70 years ago, in 1946. The book is based on Frederic Bastiat’s famous essay, “What Is Seen and What Is Not Seen,” and details a number of economic fallacies. The whole book is available to read for free online, thanks to […]
In a recent Politico story, Matthew MacWilliams identified the one trait which predicts if you’re a Trump supporter. It wasn’t gender, race, age, income, or religion. It’s authoritarianism. Max Borders has broken down what makes someone authoritarian over at FEE’s blog in a great piece: Beware Your Inner Authoritarian. He explores the foundations of people’s […]
Gun control is a topic which never fails to inspire heated debate. In addition to the vehement passion of groups which support or oppose gun control, conversations about restrictions on gun ownership are further complicated by a lack of agreement and understanding of gun vocabulary. Dan Bier at the Foundation for Economic Education explains: “But […]
You might have come across this recent article which argues that destroying the Death Star in Star Wars would have economically crippled the galaxy. There are a number of problems with the article, as Janet Neilson at the Foundation for Economic Education points out. The three major causes for concern are: Mistaking the cost of […]