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Tag Archives: Economics
Income Doesn’t Matter
A few weeks ago, you couldn’t swing a stick without hitting on a discussion about raising the minimum wage. One of the more nuanced arguments coming from those in favor of raising it involved how productivity has risen, but the … Continue reading
Posted in Blog Link
Tagged Bob Murphy, Economics, elizabeth warren, fairness, income, minimum wage, productivity, standard of living
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Your Feedback Is Important To Us
Last weekend, while I was running errands, I noticed something I found particularly interesting. Three separate establishments sought out my opinion on their level of service. Two were giant corporate behemoths. The clerks at both Wal-Mart and Taco Bell made … Continue reading
Posted in General Theory
Tagged corporations, customer service, Economics, feedback, government, incentives, surveys, wal-mart
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“Record Profits” Are Good, Should Be Normal
One of the most oft-repeated canards by socialists when they’re losing an argument is how companies are making “record profits.” Most of society has been brainwashed into automatically assuming this is somehow a terrible thing that must be quickly remedied. … Continue reading
Posted in General Theory
Tagged business, Economics, fallacies, profits, record profits, socialism
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Health Care Markets Aren’t Special
The laws of economics are universal. Socialists often try to dispute them, or to muddle the issue by injecting questions of morality into debates over economics. Previously, we debunked several myths regarding the economics of labor markets. Today, we address … Continue reading
Posted in General Theory
Tagged death panels, Economics, health care, medicare, medicine, obamacare, socialism
1 Comment
News Roundup – 2/15/2013
RonPaul.com – The LRC Blog I’m sure most of you have already read Lew Rockwell’s explanation of the whole RonPaul.com drama, but just in case you haven’t, here it is. It all seems entirely plausible to me. Fracking and Federalism … Continue reading
Posted in News Roundup
Tagged Bob Murphy, Capitalism, Economics, federalism, fracking, IP, jeffrey tucker, lew rockwell, mcdonalds, medicare, morgan housel, motley fool, Ron Paul, small government, Taxes
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Government Sues Monopoly It Created
Last week, the federal government announced its intention to sue S&P over the ratings of various mortgage-backed securities leading up to the housing crisis. While I could provide any number of examples of various members of the government and the … Continue reading
Posted in News Commentary
Tagged Economics, housing bubble, housing crisis, lawsuit, monopoly, S&P
2 Comments
Incentives and the CPI
Note: This post is adapted from a comment I made on David’s latest blog. One of the most fundamental principles of economics is that people respond to incentives. This is a basic axiom that almost no one would dispute. From … Continue reading
Posted in General Theory
Tagged CPI, Economics, federal reserve, government benefits, incentives, inflation, prices, social security
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For The Commercials!
Ah, the Super Bowl. The closest thing we will ever have to a holiday celebrating capitalism and free markets. A day when the entire nation comes to a standstill to watch a bunch of large men slam into each other … Continue reading
Posted in General Theory
Tagged advertising, commercials, division of labor, Economics, football, Holidays, super bowl
2 Comments
News Roundup – 2/1/2013
I think I’ve got a decent variety for today… NFL cracks down on fake jerseys This article says that the NFL has seized over $13 million in counterfeit merchandise. What makes this merchandise “counterfeit” you ask? The fact that the … Continue reading
Posted in News Roundup
Tagged amnesty, CNN, counterfeit, Economics, GOP, gun rights, karl rove, keynesianism, NFL, NRA, piers morgan, wall street journal
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Dude, Where's My Freedom? 
Notes on Costco vs Wal-Mart
A meme has been going around Facebook regarding one of the left’s favorite comparisons, Costco and Wal-Mart. You see, Costco pays a “living wage” and offers generous benefits and its employees frolic in sunshine and fairy dust. Evil Wal-Mart on … Continue reading →