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Sallust, Tacitus, and Livy prove that great wisdom isn’t all recent. There’s a plethora of it to be found in Roman history and from these particular Romans themselves.
Offering respect and gratitude to those who innovate, revolutionize, and meet our needs and demands is a powerful way to incentivize further progress.
Learn from these economic theories applied to modern romance to be a better person and to hopefully one day fall in love and not lose the potential love of your life to asymmetric information or a non-cooperative prisoner’s dilemma. Instead, I challenge you to date authentically, be honest, and...
Here are three surprising facts about Nordhaus’s model that are relevant to today’s policy debate.
The moral hazard effect is that welfare assistance can help finance some in choosing “a lifestyle that increases the likelihood of poverty.”
First, diversity, particularly in regards to race and gender, has become a cultural dogma, an idea to be pursued (never questioned) even if it comes at the expense of personal choice. Second, it is taken as gospel that the gender disparity in STEM fields stems (pun intended) from gender...
Future living standards are being eroded as huge costs are being pushed forward, and the rising debt will eventually spark a damaging financial and economic crisis.
I began working five years ago, a few weeks after I turned 16. Despite a few brief hiatuses, I haven’t really stopped. I went from a student who could barely ring up an order to a competent and responsible adult. It all began with that first summer job.
The Hershey Trust, Hershey's biggest shareholder, may be using mergers and acquisitions as a strategy to navigate political strong-arming.
Liquidation.com is a site that sells items other people purchased, and then returned, to online retailers like Amazon. These “barely used” items can’t really be sold as new, but they can be bundled together and sold in giant lots to people willing to pay for them.
If you want to assign blame for economic downturns, the first place to look is monetary policy.
The mere fact that dissatisfaction is a more-or-less constant state for all our society’s stakeholders is proof that our system is working to a large extent for everyone. As counter-intuitive as it may seem, it’s strong evidence of societal health.
An understanding of basic economics reveals why minimum wage laws will definitely lead to fewer establishments with fewer workers.
New research further validates the ongoing trend of marijuana legalization.
No, if you want to find a profitable job, you don’t need to go to college.
In fact, many profitable careers don’t ask for any special qualifications—some employers will teach you the job themselves, and often, businesses will even pay for you to get trained. Here are five.
As we bid adieu to Sears, let us not forget the role the company played in combating Jim Crow laws during such a tumultuous time in our country’s history. By offering dignity and a certain degree of normalcy to black Southerners, the company helped rebuild the South into a more tolerant and...
Instead of round after failed round of WTO talks, this would be simple and effective, and consumers would be king, not lobby groups or cronies seeking to curtail competition.
For most states in the United States, the primary means by which state governments take money from their residents is through income taxes. As part of its 2019 State Business Tax Climate Index, the 81-year-old nonpartisan Tax Foundation has ranked U.S. states according to their individual income...
At great risk to themselves, some people muster the courage to speak truth to power. In a world teeming and cursed with the corrupt and power-besotted, that’s a supremely admirable quality. We should hope and pray for a lot more of it. Aleksandr Solzhenitsyn confronted power with truth until...
Last week, I set foot on American soil for the first time in nearly two-and-a-half years. I have lived abroad for most of the past decade, but I’d never been away from my homeland for so long.
Since I’ve been abroad so long, I’m looking at my homeland through the eyes of a foreigner. Here...
Because of its inherent contradictions, the ideology of cultural Marxism is the main source of the profound confusion that has grabbed almost every segment of modern Western societies—and which is about to swell into even more dangerous proportions.
It’s a stunning collapse for a retail giant that once precipitated antitrust legislation out of fear it was too powerful. But it was an event some saw coming.
Sears’s impending doom was prophesied by none other than the “Oracle of Omaha,” Warren Buffett, in 2005.
Over the last several weekends, the nonprofit, Boston-based brokerage Neighborhood Assistance Corporation of America (NACA) partnered with big banks and hosted events all across the country, attracting tens of thousands of attendees. These events are meant to help people apply for subprime home...
The Congressional Budget Office just released a Monthly Budget Review showing a $782 billion deficit for the 2018 fiscal year.
My recommendation is to mostly ignore data on red ink. Yes, it is possible that a country can get in trouble because of deficits and debt, but it’s far more...
The indignation from the defenders of individual freedom in Brazil was profound, and even more so because the Ministers' decision is in accordance with the law. The Brazilian constitution mandates the attendance of children in school, and it is saddening that the problem is not in the decision...
In a column worth reading through, Joe Nocera at Bloomberg draws a lesson for policymakers about capitalism’s ferment of creative destruction. “The next time you hear somebody say that the dominance of Walmart or Amazon or Facebook can never end, think about Sears. It can—and it probably will...
Redeem the language of “I” and “you” by changing your tone, intent, and actions in the important work of communicating with your team and colleagues.
None of this is to say we shouldn’t have any rules in commerce. Not at all! Laws are justified to punish companies that violate individual rights and arguably, in certain cases, companies that impose costs on society. But the “level the playing field” analogy is a non-analogous and misleading...
The recent surge of civic responsibility among younger Americans seems like a good thing. But are they equipped with the knowledge they need to make sound, sensible decisions in the voting booth?
Henry George's timeless insights about trade, protectionism, and trade retaliation are just as fresh and relevant today as in the late 1800s, and maybe even more so today than ever before given the recent popularity of protectionism.
Are we ready for the potential consequences of allowing our children to become comfortable with the idea that facial scanners are part of living in society?
Around the world, maternal mortality rates have dropped as much as 45 percent in the last 25 years, and the United Nations expects the global rate to keep declining.
To paraphrase Thomas Sowell: Many New York politicians and minimum wage proponents who have never run one business for one day are nevertheless confident that they know exactly how much business owners should be mandated to pay car wash workers—a minimum of $15 an hour. Despite their professed...
President Trump’s eyes might be on China with his latest tariff package now in effect, but he should instead look to Australia’s economic success through the 2008 global financial crisis for a smarter approach to trade policy.
It’s a dangerous—but familiar—road when mental illness and political opinion-making are combined.
The poverty rate was consistently declining for twenty years—until 1966, when President Johnson decided to intervene.
We should protect the voice of the powerless in the face of violence. We should treat human beings as individual persons, not pawns of identity-exploiting optics. We should fight for the presumption of innocence, not just in the court of law but as the cultural norm we grant the accused in...
Critics of the Rock being cast to play John Henry would tell us they are motivated by good intentions: They want social justice for dark-skinned blacks. They might defend their racial evaluations claiming that, unlike the Nazis, it serves good purposes. Yet, underlying their criticisms of...
Critics of the Rock being cast to play John Henry would tell us they are motivated by good intentions: They want social justice for dark-skinned blacks. They might defend their racial evaluations claiming that, unlike the Nazis, it serves good purposes. Yet, underlying their criticisms of...
Critics of the Rock being cast to play John Henry would tell us they are motivated by good intentions: They want social justice for dark-skinned blacks. They might defend their racial evaluations claiming that, unlike the Nazis, it serves good purposes. Yet, underlying their criticisms of...
No system is perfect, so we should study what happens when something goes wrong. Hint: the market responds.
Multiple analyses from major organizations confirm the inverse relationship between government efficiency and the size of government.
The report’s glum findings were announced at a press conference by a United Nations panel in Incheon, South Korea. Panelists tried to sound optimistic, but there was no sugar-coating the report’s key finding.
We live in a great race between user experience design thinking and top-down central planning. In our world, both are popular ways to solve problems. I hope the UX guys win—not just for the sake of human freedom but also for the sake of real improvements in human safety.
Those calling for a government-funded universal basic income are acting as though it’s a hot new idea. It’s not. It’s been tried before—and it didn’t work.
As fate would have it, the week Hurricane Florence hit the Carolinas coincided perfectly with my lecture on price controls. The 500 price gouging complaints in North Carolina and 118 filed in South Carolina during the disaster’s aftermath serve as a timely reminder that the forces of supply and...
Americans are woefully uneducated about the most basic facts of our history to the point that most couldn’t even pass a basic citizenship test.
It’s not good that so many people are having a hard time psychologically, and all the answers aren’t found in a store. But anxiety gadgets are actually nothing new and it clearly makes sense to let a thousand anti-anxiety gadgets bloom.
Penn’s importance to America was great enough that President Ronald Reagan proclaimed him an honorary citizen “whose contributions to its traditions of freedom, justice, and individual rights have accorded them a special place of honor…and to whom all Americans owe a lasting debt.”
In the first chapter of 'Psychology of a Superpower', author Christopher Fettweis claims, “People of the 21st century are likely to be much safer and more secure than any of their predecessors (even if many of them do not believe it).” Why are Americans so fearful if they are the safest they...
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