Economics

Socialism is an economic system based on government control of the means and outputs of production – usually through regulation or ownership. As a practical matter, “socialism” runs on a continuum from government regulation to internalize externalities through total government…
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The ability to have free trade in goods and services helps more than it hurts. Those negatively affected must be helped to transition, but the world is a better place when goods and services, instead of weapons and soldiers, cross…
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After 8 years of aggressive policy moves by both the Bush and Obama administrations, little has fundamentally changed in the economic life of the average American.  We are no longer looking at a collapse of the banking system, but underemployment,…
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