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Tag Archives: Economics
“Sochi Problems” Are Government Problems
The Winter Olympics came and went, as the world’s best skiers and skaters (yeah, the entire winter Olympics is based on those two unpopular sports, but we try not to talk about that in order to be polite) descended upon … Continue reading
Posted in News Commentary
Tagged Economics, olympics, russia, sochi, socialism, vladimir putin
1 Comment
The Unintended Consequences of “Helping” The Troops
Payday Lending and Overdraft Protection | The Volokh Conspiracy Back in 2007, the U.S. military was facing a problem. Soldiers, Sailors, and Marines were (and still are) awful with money. They were racking up massive debts, and scrambling to attempt … Continue reading
Posted in Blog Link
Tagged bad laws, discrimination, Economics, lending, Military, payday loans, unintended consequences
1 Comment
The “Better Off Than Your Parents” Myth
It’s a common refrain in American society, I’m sure you’ve heard it before. The specific phrasing varies, but it usually goes something like, “Every parent wants their children to be better off than they were,” or “Everyone wants to be … Continue reading
Posted in General Theory
Tagged better off than your parents, Economics, generations, golden age, parents, society
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More On “Fair” Wages
In my last post, I mentioned that a libertarian, if asked to estimate the “worth” of an hour of unskilled labor, would likely answer “We can’t know, but probably less than $7.50.” To me, the logic behind this seems pretty … Continue reading
Subjective Value And “Fair” Wages
Tom Woods has written some excellent posts on recent protests by fast-food workers here and here. He covers a lot of ground in these, but I just wanted to elaborate on one particular issue that stood out to me. Question: … Continue reading
Posted in General Theory
Tagged Economics, fair wage, Free Markets, minimum wage, prices, subjective value
2 Comments
Boys get paid more than girls for chores because they have to do gross, dirty, potentially dangerous chores that girls don’t? No silly. It’s because SEXISM! | judgybitch
Boys get paid more than girls for chores because they have to do gross, dirty, potentially dangerous chores that girls don’t? No silly. It’s because SEXISM! | judgybitch. I discovered this blog by a charming woman who refers to herself … Continue reading
Posted in Blog Link
Tagged Economics, equal pay, feminism, gender equality, judgybitch, war on women
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Elections: A Very Poor Substitute For Markets
While debating the merits of my last post, I received plenty of objections, most of which were from people who were just missing the point entirely and therefore not worth responding to. But I also received one objection that I … Continue reading
Posted in General Theory
Tagged allocation, austrian economics, Economics, Elections, Free Markets, government, society, voting
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Do We Really Need “Better” Schools?
When debating the merits of privatization with statists, they will often attempt to frame the debate in terms of: “Explain to me how you can be sure that the private sector will produce better schools/roads/police/military protection than the government does.” … Continue reading
Posted in General Theory
Tagged allocation, Economics, education, efficiency, government, privatization, scarcity, schools
4 Comments
Jeffrey Tucker Roundup
Everyone’s favorite bowtie-wearing author/speaker/all-around cool guy always makes for some good reading material, but his output as of late has been just staggering. He has been absolutely on fire. All of these articles are absolutely amazing and strong candidates for … Continue reading
Posted in News Roundup
Tagged Economics, federal reserve, jeffrey tucker, savings, technology, youtube
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The Minimum Wage and Indifference
We Can Predict The Effects Of Seattle’s $15 An Hour Minimum Wage. In light of Seattle’s recent decision to raise its minimum wage to $15 an hour, numerous free-market writers have done an excellent job detailing the long list of … Continue reading →