I want to develop an easy-to-understand basis for people to comprehend the disruptive nature of government intervention in any market. Generally, people get a view of only one side of most economic issues. If a particular intervention helps a specific group of people, the idea seems good. In addition, I think that most people view … Continue reading Conflicting Objectives

Introduction "I'm sorry, but I just can't stand it anymore," Tesla and SpaceX CEO Musk wrote in a post on his social media platform X. "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination." [Footnote] This seems like strong language from someone who seems committed to the "Trump" agenda, but he has not … Continue reading Musk is Correct

New Introduction I have studied economics for over six decades. I have lived through the high gas prices of the 1970s. I had money in the stock market during the market crash on October 19, 1987. I live through wage and price controls. I saw interest rates reach 18%. I could go on for many … Continue reading Tariffs: A Big Mistake

Introduction All taxes represent the first step in the process we politely refer to as “tax” and “spend.” We should refer to these two steps more accurately as theft and redistribution. All taxes distort the resource allocation processes of free markets. The citizens of most countries accept the distortions caused by taxation as a cost … Continue reading The Effect of Tariffs

Introduction All markets exist for the sole purpose of supporting consumption. Workers work to produce goods that can be either consumed or exchanged for other consumables. If a worker wants more, he must work harder, or longer, or smarter. In a free market, the worker gets no breaks. This fact may seem harsh, but people … Continue reading Premise That Killed Comparative Advantage