Author: Grant Phillips

Born and raised in Jacksonville, FL, I currently live in the Philadelphia area and work for a high tech contract manufacturer. My favorite school of economics is Chicago. I am huge fan of Milton Friedman and Thomas Sowell, so you could call me classically liberal or libertarian. Although economics is my favorite topic, I also enjoy studying race related issues.

Dear Liberals: Stop Bragging about the “Success” of Compulsory Programs

Progressives often tout compulsory government programs as examples that America is already socialist. They are right, but they seem to lack an understanding of what their “success” entails. Occupy Democrats has taken the position of “if you don’t like it, don’t use it”. Speaking for myself, I would love to opt out of Social Security and Medicare among others.

Only one problem: I cannot. (more…)

US Uncut Lies about Big Pharma “Subsidies”

The original article was posted by US Uncut founder Carl Gibson. In the article and the covered meme, he implies that taxpayers subsidize big pharma as they do Planned Parenthood – but with a much larger bill. A little more investigating into his sources proves that this is an outright lie. (more…)

Occupy Wall Street is Wrong about Capitalism

MISLEADING CLAIM: Capitalism is bad because all of these people die every year from poverty, vacant homes go unfilled while homeless are on the street, people starve while food is stockpiled, and households are submerged in debt.

REALITY: This bit of propaganda was posted by Occupy Wall St. As you can see, they’ve attributed annual deaths-by-capitalism to THREE TIMES the number of Jewish people killed in the Holocaust. All of these “statistics” are sourced according to the original post. Of course, their claims are “accurate” to the degree that they’re reported, but it’s easy to see how they’re misleading if you care to double check. Let’s take a closer look. (more…)

Understanding the Impact of Regulatory Burden

We often hear political groups advocate for economic regulations to address an externality or “protect” some group – usually consumers and labor. They only consider the initial and visible outcomes with little or no regard for the secondary and indirect consequences. At the same time, they fear America’s “unregulated capitalism”.

It is often thought that without regulation, corporations MIGHT carry out destructive acts that result in social externalities. Many of these regulations are crafted on the grounds of what MIGHT happen, as opposed to what has happened. Net neutrality is an excellent example. (more…)

If All Lives Matter, Let’s be Serious About It

Deputy Darren Goforth from Texas was filling his car with gas when a man walked up behind him, shot him in the back of the head, and emptied 15 rounds into his body. He was murdered cold blooded execution style.

I blame his murder on the recent fury of political rhetoric. The shooter had no apparent motive other than “kill a guy in uniform”. We may have problems with the current system of police, but that does not justify killing people. (more…)

The Case for Legalizing Child Labor

CHILD LABOR is one of the more controversial topics in economics. At face value, most people probably support restricting or banning it. Understandably, child labor evokes emotional responses and images of horrendous working conditions of the Industrial Revolution. Times have changed, however, and this discussion is worth revisiting. (more…)

Does Social Welfare Spending Reduce Inequality? New research says NO

NARRATIVE: Redistributive measures, such as social welfare spending, are necessary adjustments to “fix” wealth inequality.

REALITY: Politicians and pundits often advocate for policies to “fix” a supposed ill. More often than not, these policies are supported without consideration for the unseen, unintended effects. (more…)