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It’s 1776. For centuries, European countries have been conquering and colonizing weaker powers for financial gain. Oppressive taxes prompt discontent. Barriers to trade cause poverty in occupied lands. After witnessing the devastation brought by English taxes upon his home country, one man pens a work that will challenge the world’s prevailing notions of how and [...]
As campaign season has been heating up, embattled Democrats are taking serious poundings over the government’s failure to restore employment numbers to pre-recession levels. Their prevailing defense, when one is given, is that government action did create jobs, however the economy lost more jobs than were created, therefore the economy lost net jobs, even though [...]
Once a year, America celebrates the end of summer with a national holiday dedicated to dubious economics: Labor Day. Organized labor, we are assured, lifted the working poor out of poverty, allowing us all to escape wage-slavery by redistributing wealth from the greedy fat-cats to the working classes. Why, without unions, we’d probably still be [...]
In New York City, not far from the site of the former World Trade Center, there exists a vacant Burlington Coat Factory building, which as most of you are probably aware of by now, has been chosen as the site of an Islamic cultural center. This “Ground Zero Mosque,” oddly enough, has been taken as [...]
It’s 1929, and the stock market has just crashed. You’re a classical economist, and you’re trying to reassure everyone that these things happen from time to time, and the economy will soon make a turnaround and in no time we’ll be following the roaring twenties with the roaring thirties. You’ll soon eat those words. Unemployment [...]
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