Monthly Archives: September 2011

Why Restricting “Luxury” Ends Up Hurting the Poor

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The following was written by Leah Stiles, a student of government and history at Regent University. She has completed a Koch leadership program and an internship with the Foundation for Economic Education. Advocates of wealth redistribution often summon images of grand manors atop rocky hills where the idle rich dwell in despicable contrast to the lowly

It’s Not as Simple as “Create Jobs”, Mr. President


Fox News reported yesterday that lawmakers in Washington, as they look to cut $1.5 trillion from the budget, are primarily concerned with creating jobs. This has been the bandwagon-marketing scheme of all American elected officials since the beginning of the 20th century, as it’s their job to look to the interests of their working constituents.

Why We Should Privatize Public Schools

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The following was written by Mark Bautista, a 15-year-old student residing in Cleveland, Ohio.  Generally, I’m not one to conceal my true political ideology. Although Libertarianism is not too common in my or any other public school, I’m typically able to voice my opinions with mild opposition. However, there is one issue that cannot be mentioned without

The Fallacies of the “Gender Pay Gap”

silver bullion

Statistics and slogans vocally declare that women still have a long way to go before gaining equal pay with their male counterparts. Such statistics, however, largely lack fundamental context, analysis, and understanding. The figures, generally demonstrating disparities in median income, generalize from the entire population and eliminate many of the underlying causal variables that are

This is Not the Study of Economics


Individuals who lack a solid understanding of economics generally make a plethora of errors in reasoning, particularly when they are faced with the opportunity to articulate their viewpoints on contemporary economic issues. While this problem may be true for individuals who lack an understanding in other fields of study (i.e. calculus, physics, biology, philosophy, etc.),

Monetary Inflation in Colonial Bedford, MA

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The following article was written by Andrew Criscione, who holds a bachelor’s in physics with a minor in pure mathematics. He is currently looking forward to expanding his academic career in economics and his professional career in medical dosimetry. If you’d like to write something for this website, click here. ________________ The money that Americans and the other

The 10 Principles of Economics You Should Know


Economics is the study of human behavior — of how people interact to get what they want and whether what they want is possible for them to get. It’s a science in the sense that there are uniform laws guiding the field of economics — invisible forces at work that guide the market. But it’s

Does Free Trade Hurt Developing Economies?


The other day, I was in a class on political economy and economic development in which we discussed whether or not Adam Smith was right about the benefits of free trade when it came to poor nations. Everyone in the room unhesitatingly agreed that deregulated markets in rich Western countries have been much more effective

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