August 20th, 2015
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As you have gathered by now, I strongly believe that through the lens of Economics, we can rationally solve many of our problems today. Since scarce resources have alternative uses, how people in a society make choices has a significant impact on their ultimate standards of living.
“My reading of history convinces me that most bad government results from too much government.” – Thomas Jefferson This week, I am again going to give you a break from “the dismal science” – economic concepts. I want to take some time to discuss a travesty that many Americans actually consider a good thing (when […]
“If you’ve got a business—you didn’t build that. Somebody else made that happen.”Barrack Obama, 2012 “Don’t let anybody tell you that it’s corporations and businesses that create jobs.” Hillary Clinton, 2014 Business owners are too often vilified these days. They are accused of such things as: exploiting workers, making huge profits, ruining the environment and being […]
Why You Do Not Always Have To Be ‘The Best!’ Sometimes in economics, we can mix up some key concepts. One of the most common areas of confusion revolves around the concept of “comparative advantage.” Even Adam Smith did not develop this concept in his works. We have established that specialization has economic benefits. However, […]
If you would, please indulge me this week, as I would like to set aside the machinations of economic theory and write about something that strikes close to home – Moms. It recently struck me just how important moms are to our economy. As I watched the tragic events unfold in Baltimore over the past […]