
“As I understand an economy, its ultimate purpose is to produce more consumer goods. This is the goal. This is the object of everything that we are working at: to produce things for consumers.” Those words were spoken by the…
A century ago, the American journalist Lincoln Steffens visited the land of Lenin (the Soviet Union) and famously pronounced upon his return, “I have been over into the future, and it works.” Steffens was known in his day as…
This week for Ask an Economist, I have a question from retired CPA, Nicholas G. He asks, “why is so much attention paid to the somewhat artificial and easily manipulated unemployment number instead of a "hard"…
“In life, your attitude determines your altitude,” a wise person once said. I agree. I’ve observed many people with bad attitudes over the years. Without exception, they didn’t amount to much until they fixed their attitude…
Those who live in or near the nation's capital, or routinely travel there, know that the Washington, D.C., region is home to the best airport in the country, Reagan National. It's also home to one of the worst…
Those who live in or near the nation's capital, or routinely travel there, know that the Washington, D.C., region is home to the best airport in the country, Reagan National. It's also home to one of the worst…
President Joe Biden recently tapped Mandy Cohen to lead the Centers for Disease Control and Prevention, replacing Rochelle Walensky , whose resignation will go into effect at the end of the month. Like most people, until this…
What is money? If you live in the United States, you probably think of money as dollar bills. People in Japan might think of the Yen. People in France, Germany, and Italy might think of the Euro. Economists Milton Friedman…
In the book Green Tyranny—a fantastic history of the environmental alarmism movement—author Rupert Darwall lays responsibility for the beginning of this movement at the feet of the Germans and the Swedes. In 1967, a Swedish…
They say there’s two things you learn in a co-op program. What you love to do, and what you don’t love to do. In my co-op experience, I learned almost exclusively the latter. My first placement was particularly brutal.
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