If someone asked me how to solve our economic problems, I would respond, “Do nothing.” I believe in free markets; therefore, the market participants should act based on their preferences, not mine. But I know of one thing we should stop doing. We should stop all government involvement in schools. We should close all government … Continue reading Get Government Out of Schools
Category: Economic theory
Biden’s Broken Window
I finally figured out how Bidenomics is supposed to work. He really is having an incredible amount of success in his economic strategy. It’s all based on what’s commonly referred to as “The Broken window theory.” According to the “theory,” destruction leads to economic growth. A most popular example comes from an essay written in … Continue reading Biden’s Broken Window
Importance of the Individual
The discrete nature of humans makes the individual the center of all market activity. They decide what has value and how much. Their actions based on those evaluations make free markets operate effectively and efficiently. The subjective theory of value reveals that the individual plays the most critical role in developing all economic theory. The … Continue reading Importance of the Individual