10 Things the Left needs to Understand

The left makes a lot of mistakes. They have many fundamental misunderstandings of how the world works and that is why they are so wrong so often. Here are ten things they need to understand. 1. Profit is good The great insight every free market economist has, is the coordinating power of prices. Those simple numbers coordinate all the goods of an economy with all … Continue reading 10 Things the Left needs to Understand

Debunking Young Turks Nonsense on Sweden

Recently, Cenk Uygur, the Internet least favorite Armenian genocide denying progressive, and the Young Turks, released a video telling us silly Americans how amazing Sweden is. Of course, the video is nowhere near accurate but he basically calls conservatives evil, so he must be right. Right? Before the debunking starts, let me be clear about something. Sweden is not “socialist”. They have a generally free … Continue reading Debunking Young Turks Nonsense on Sweden

The State of the American Economy

One of the biggest questions in American politics is, “what is the state of the American economy?” Depending on who you ask, and the context of the question, will determine the answer. Before November 7th, 2016, most Democrats viewed the economy favorably while Republicans thought it was performing slowly. Today, those roles have changed– I wonder why? But even before that, answers depend in partisan … Continue reading The State of the American Economy

This Week In Stocks

Gainers & Losers This week retail stocks slumped after almost all of them reporting weakened first quarter earnings. JC Penny(NYSE:JCP) , Macy’s(NYSE:M) , and Sears Holdings(NASDAQ:SHLD) declined the most, losing 17% ,19% , and 12% respectively. Sears in particular has had to begin liquidating its periphery brands to continue operating its stores and has produced reported losses of 2.2 billion dollars. They have produced a … Continue reading This Week In Stocks

Why We Need the Austrian School

When I first joined the political blogosphere, I found the term “Austrian Economics” thrown around a lot by libertarians. The support for this school was and is common among libertarians, and when I first noticed this I was offput. It seemed to me that the Austrian school was nothing more than an excuse by which laissez-faire could be defended. This essay is an answer to my concern. Continue reading Why We Need the Austrian School

Bernie Sanders can Calm Down, Inequality is not a Big Problem

Abstract Income inequality is one of the hottest political issues in the United States. It was at the center of the “Bernie Revolution” in the 2016 Democratic Primaries and continued into the 2016 General Election. A 2015 ABC News poll found that forty-six percent of Americans thought that “the way income and wealth are distributed in the U.S.” worries them a great deal (Feather, 2015). … Continue reading Bernie Sanders can Calm Down, Inequality is not a Big Problem

The Case for Free Trade

We are seeing a seismic shift in America. In the post-World War 2 era, the United States has been a champion of free trade throughout the world, but today, America is led by the most protectionist President in 100 years. Although Americans may disagree on the benefits of free trade, widely accepted economic theory and empirical evidence are clear: free trade works. In the seventh … Continue reading The Case for Free Trade