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Economics

Economics/Tech

How Free Market Economics Birthed The Video-Game Era

In 1962, the first version of Spacewar! was completed. Technically, this wasn’t the first video game ever created, but it was probably the first one that really mattered, as it serves as the beginning of the long line of advances in video game technology that continues into the present day. The invention of the game is generally credited to Steve Russell, who was the primary programmer. But the development of the game was the product of a handful of programmers working with an early computer known as the PDP-1. The original version of the game employed two “ships” – really just shapes… Keep Reading

Economics

The Astonishing Efficiency Of School Vouchers

There are a plethora of reasons why education in America is mediocre. We can argue that teacher unions care more about personal benefits than teaching kids, that the information taught in America is far less advanced than the information taught in other nations, or even that America is not fostering a culture where the youth even value education. Whatever argument you choose, we can all agree that America is inept at educating. But instead of rambling on and on about the status quo, real solutions should be formulated. It would be important to note that the US spends more than… Keep Reading

Economics

The Economy Is Approaching A Recession

There are many ways to measure market cycles and the business cycle, however economics is not an exact science. One of the methods that can be used alongside measuring of the yield curve is the output gap. The output gap is the difference between actual and potential economic production. It allows economists and investors to determine what point the economy is at in the business cycle. When the output is above potential, the economy starts to overheat, causing inflation. When output is below potential, the economy isn’t growing as fast as it could, possibly because of a recession. To make… Keep Reading

Economics

Is The US Stock Market Overvalued?

Valuation is the method of determining what an asset is worth. The price, on any given day of a stock, is how the market is valuing that asset. Your ability to look at various metrics when coming up with a valuation will determine if you can do a better job than the market at determining what an asset is worth. If you can outwit the market, you make profits. If you can’t, you underperform the market or lose money. Some methods of stock valuation are the following: price to earnings (PE) multiple versus growth, earnings yield versus fixed income yields,… Keep Reading

Economics

Tax Myth: Why Companies Will Not Repatriate Overseas Cash

As with seemingly every election cycle, tax reform is a hot topic, as though a carrot that dangles in front of the horse. Whether you’re in favor of larger or smaller taxes, its a discussion that is important to have. The goal of this preliminary tax discussion is to separate the narrative from the reality. With President Trump’s election there has been discussion of getting rid of the interest tax deduction for mortgages, as well as the border adjusted tax. Both of these would be a tax on consumption which would negatively affect the consumer. However, despite the rhetoric, the key… Keep Reading

trump
Economics

Awkward: Trump’s Wall Is A Progressive Policy

‘This Congress is going to be the busiest Congress in decades — maybe ever.’’ With these words, President Donald Trump urged fellow Republicans in Congress to help him halt illegal immigration by supporting his plan to build a United States-Mexico border wall. But a wall that isn’t erected by the private land owners bordering Mexican land owners isn’t a wall. It’s government spending. And if government is spending, someone else is footing the bill. That someone is you and me. Keep Reading

Economics/News/Politics

The Trump Rally: Stocks Fly High As Confidence Surges

The election of President-elect Donald Trump last month has awakened, what some people are calling, the “animal spirits” of capitalism. Anyone with a 401k or money in the stock market could tell you that things are going very well at the moment. The election of President-elect Trump and conservative, pro-market Republican majorities in the House and Senate represents a turning of the page from eight years of growing tax burden, government spending, and red tape. The Trump Rally, as some pundits are calling it, has resulted in the Dow Jones Industrial Average jumping 1,600 points since 2016’s election day. Such… Keep Reading

Economics/Politics

Did The Free Market Kill Coal?

Would you like to know my secret to turning my environmentalist friends into stalwart defenders of the marketplace? The answer is simple: coal. You would be amazed by the reversal in rhetoric witnessed right before your eyes, typically accompanied by a big dose of schadenfreude aimed at Appalachian people. The “free market killed coal” adage apparently qualifies as ironic humor in leftist circles. Never mind the tens of thousands of families, hundreds of communities, a plethora of near-bankrupt school districts, and so many others left behind in the wreckage of coal’s decline. They’ll laugh as states who have endured generation… Keep Reading

Economics/Politics

Work Force Participation Down Along With Unemployment

The latest jobs report is out for November 2016 and the media is in a frenzy over the fact that the unemployment rate has fallen to a nine year low at 4.6%. However, as anyone who has a passing familiarity with the voodoo science of statistics will tell you, numbers can be made to dance to any tune you wish and, contrary to popular opinion, they often lie. And while a 4.6% unemployment rate seems at face value to be great news for the economy, it is unwise to take anything from the government at face value and that holds… Keep Reading

Culture/Economics

A War Not Lost: The Conservative Plan To Defeat Poverty

In his far-reaching effort, known as “A Better Way”, to define a coherent, conservative legislative agenda, Speaker of the House Paul Ryan brought together the talent and put in the time to chart a path forward in the War on Poverty. For too long, conservatives have allowed the War on Poverty to be waged by leftists, bureaucracy, and those whose favorite part of the Constitution is the taxing and spending clause. The product of these misguided technocrats couldn’t signal a more resounding defeat. They’ve waged a battle in which success was measured by inputs rather than outcomes. Rather than focusing… Keep Reading

Economics/History/Politics/World

Three Myths About Venezuela’s Opposition

Venezuela’s current political crisis has drawn much attention worldwide. The shortages, increasing violence, skyrocketing inflation, and the increasing militarization of its economy are all fixtures of Venezuela’s current national disaster. Opposition movements have naturally arisen in response to Venezuela’s squalid state, with the Democratic Unity Roundtable (MUD) leading the charge against the current ruling class.  Despite the unprecedented awareness of Venezuela’s delicate situation, considerable amounts of disinformation abound both in mainstream media and social media coverage of these events. This article seeks to dispel many of these myths and misconceptions that concern Venezuela and its political opposition. The Venezuelan Opposition is Attempting… Keep Reading

Economics/Politics

Donald Trump Is No Hugo Chávez

The rise of Donald Trump’s candidacy has generated a strong degree of backlash among the chattering classes worldwide. No stranger to controversy himself, his campaign’s unconventional style has led various experts to draw parallels between Trump and the late Venezuelan President Hugo Chávez. While both Chávez and Trump never shied away from throwing verbal haymakers towards their opponents, the actions that these men have taken in their respective political careers could not be any further apart. The age-old axiom of “actions speak louder than words” is now more relevant than ever in this discussion. These comparisons are not only specious,… Keep Reading

Economics/Politics/World

Venezuela’s Economic Collapse: A Process 50 Years In The Making

In recent times, Venezuela has been the object of many headlines across the globe that detail its current economic predicament. Once Latin America’s most stable country, Venezuela is now experiencing a historically unprecedented economic and social collapse. How did such a nation awash with bountiful oil reserves and numerous decades of democratic stability stoop to such levels of misery? The conventional narrative typically points to Hugo Chávez’s arrival to power in 1998 as the main catalyst of Venezuela’s economic decline.  Quantitatively speaking, Chávez’s presidency was responsible for the largest economic downturn in the country’s history. Through an unprecedented number of… Keep Reading

Economics/Philosophy/Politics

Economics & History: Why This Connection Matters

In a recent article of mine, I debunked the red herring of  the “roads” argument that many modern socialists throw around. It turns out that lately this article has gotten some pretty lively responses from its critical readers. One such commenter was someone I might have expected to be on my side (politically speaking) as he was presumably a libertarian himself, but the road forked for us at economics. It seemed as if this gentleman was an adherent of the Austrian school (a.k.a. the fantasy football of economics), and he had a thing or two to say about my reasoning behind my aforementioned debunking.… Keep Reading

Economics

Ayn Rand, Rand Paul, And Paul Ryan Walk Into a Bar…

The age of social media has given rise to an increasingly large group of people who believe that a couple sentences, or even just a few words posted on a picture constitute an effective argument.  While in some ways, political and philosophical debate is healthier than ever before, the over reliance on simplistic arguments is creating a “meme world” where an asinine idea can be conveyed in few words and posted in mere seconds.  Proper refutation, however; takes more than a few words. In the 140 character world of Twitter, these types of arguments exist almost exclusively.  This tweet from… Keep Reading

Economics/Politics/World

Yes, Socialism Is To Blame For Venezuela’s Collapse

We are routinely being sold on this idea that the solution to poverty is more government power and more regulation. Rarely are any connections made when catastrophic events occur as a result of these policies. Instead of considering the alternative – freedom – they continue to look for government-created solutions when they are the ones who created the problems in the first place. Make no mistake, Venezuela’s economic turmoil is a consequence of the government’s socialist policies. The major tenant of socialism is that a governing power makes all the important decisions on behalf of those whom they claim to help. Socialism operates on the presumption… Keep Reading

Philosophy

Freedom Is Everything

Although there is very little on which we agree, Marxists and socialists have provided me with some excellent philosophical discussions.  One such person recently wrote this article in which he attempted to take to task the libertarian concept of freedom.  The piece starts out well enough as he does a decent job describing how libertarians view the concept: “What the libertarians mean by freedom is that the government does not interfere in the lives of private citizens.  If we were freed from government coercion, people would have a good life, because the free market would regulate our lives, and we… Keep Reading

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