economics

In Defense of Greed

I often see people attribute many of society’s ills as the result of “greed”. They use the word ambiguously as though it is an absolute immorality. However, there is little regard to the thought that greed may not be such an abhorrent desire. It is as though only the wealthy can be greedy and that only their greed is a problem. (more…)

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Automation, Outsourcing, and Bad Economic Propaganda

While on the internet one day, I noticed some media outlets have numerous bold headlines about any one pending economic horror. Many of these claims are based on bad economics and poor analysis of statistics. In a sort of economic propaganda, politicians use this as a means to justify power grabs. They’ll want to enact some form of trade barrier or labor regulation, which can sound good on the surface. In reality, offshoring and automation have increased living standards and alleviated poverty not just at home, but around the world.

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Capitalism: A Beautiful Display of Human Order

If you click on any liberal website, it won’t take long until you find an article bashing capitalism and advocating socialism. They are well intended in their cause for social justice, but fail to acknowledge capitalism for the sensational display of human order. All around the world, people voluntarily exchange goods and services in the pursuit of profit. In that pursuit, some of the most amazing things have come to fruition.

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Government Spending and Economic Growth

Whenever I debate with people on the role government, I often hear “the government should do X” almost as though the state is an omnipotent solution to everything and can do so at no cost. I hear this mostly from the left. They essentially believe that government spending more efficiently allocates resources than a competitive market. Furthermore, they view government spending as necessarily expansionist and a correctional tool for market failures.

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Immigration

I could blame the president for our border crisis, but it’s not entirely his fault. I agree that open borders is a much more sensible policy, and that those here “illegally” need to brought out of the shadows. However, I do not agree with the president’s unilateral, executive order to arbitrarily give 5 million people amnesty. There are others, some arguably more productive, who have gone through the legal process who did not receive amnesty. In fact, many Europeans entrepreneurs wish to immigrate here because of the more friendly business environment, but no one granted them amnesty. The president’s executive order is clearly a political game.

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