What is capitalism

As defenders of free market capitalism, we have to ask ourselves, what is capitalism? In arguments, we often find ourselves in a situation. To use a cliche, is that real capitalism? Strictly speaking, capitalism is the private ownership of the means of production. This contrasts with socialism which is communal, usually through the state ownership of the means of production, but this brings up an … Continue reading What is capitalism

The World is Getting Better– Thank Capitalism for It

I am a natural pessimist but even I have to admit, the world is getting better. Sure we have problems, the decline of Christianity, a crazy North Korea, ISIS, an imperialist Russia, and leftists, but on balance, we are still better off than we were thirty years ago. The Soviet Union and many of their allies collapsed and communism is now a joke. Economically, the … Continue reading The World is Getting Better– Thank Capitalism for It

Debunking 20 Economic Myths That Will Not Die

In a time where the internet allows the spread of the most baseless myths, it is no surprise that many spread like wildfire. In a world where feelings often Trump facts (pun intended), I thought I would do my part and debunk twenty hilariously wrong myths put forth by the right and left. 1.Women earn 77 cents for every dollar a man earns.  Is this … Continue reading Debunking 20 Economic Myths That Will Not Die

Why Obamacare Is a Train Wreck

We recently “celebrated” the seven years anniversary of the Affordable Care Act and marked it with a botched attempt at “repealing it”. While it has been seven years since the passage of the law many people still do not understand it. What is often not understood is that one policy leads to another and that did not change with Obamacare. I want to take a … Continue reading Why Obamacare Is a Train Wreck

China to Lead the Global Economy After US Exit From TPP

China is intensifying its efforts of globalization and raising the virtues of free trade, a difference of the USA. The South American nation, Chile brought together the twelve countries that are part of the Trans-Pacific Economic Cooperation Agreement (TPP) in the city of Viña del Mar. After the US withdrawal Of the pact, China accepted the invitation of the Chilean Government and will form part … Continue reading China to Lead the Global Economy After US Exit From TPP

Is The Trump Boom Real? 

Are we experiencing a Trump boom? Between a booming stock market, consumer confidence rising to ten-year records and unemployment dropping some seem to be suggesting just that. So what is the short answer? Maybe. What about the long one? Only time will tell and I think the biggest marker is in three weeks on the first Friday in April. Monthly job numbers come from the … Continue reading Is The Trump Boom Real? 

The Federal Reserve Wants to Raise Rates

The Federal Reserve (Fed) has set the stage for raising US interest rates on Wednesday, thanks to the heyday of employment and the optimism that has prevailed in markets since President Donald Trump took office. If the central bank needed a boost, it came on Friday when the job market showed strong job creation in February and fell by a tenth of a percentage point … Continue reading The Federal Reserve Wants to Raise Rates

Trump is Wrong About Free Trade

Last Friday, President Donald Trump spoke at the Boeing assembly plant in South Carolina and said, “our goal as a nation must be to rely less on imports and more on products made here in the US”. As Kevin Williamson of the National Review put it, “this is, to use the technical term, stupid”. This is a perfect example of the economic illiterate protectionism Donald … Continue reading Trump is Wrong About Free Trade

Minimum Wage kills Jobs and Hurts Those Which it Intends to Help

You’ve most likely heard the line “Living Wage” or “We need to fight for $15/hr” from politicians like Bernie Sanders and Elizabeth Warren. However “morally satisfying” these talking points may sound, in reality they have severe negative effects on the economy, such as: increased unemployment and an increase in the poverty rate. This claim is not only supported by common logic, but supported by almost … Continue reading Minimum Wage kills Jobs and Hurts Those Which it Intends to Help