The plummeting price of oil is great news — not just for drivers, but for all consumers. So why are some economists so intent on seeing cheaper goods as bad news?
Outsourcing boosts productivity and living standards.
Think scarce resources demand a centralized rationing system? Think again—prices can do the work a lot more efficiently.
Politicians love blaming economic troubles on outsourcing. But outsourcing is fundamental to the creation of wealth—and it happens constantly, with nearly everything we buy, explains Tyler Watts.
Economics makes clear that outsourcing is not the problem; the problem is scarcity. Outsourcing is (part of) the solution.
Government spending can boost short-term indicators, but that's not the same as sustaining the long-term health of the economy. In fact, spending tends to obscure its true condition, if not prolong the problems.
Despite the seductive logic of the Keynesian physicians, printing money is patent-medicine quackery that stands to do the patient more harm than good.
Viewing 1 - 15 of 15
SIGN UP FOR FEE DAILY EMAIL
Event Location Placeholder
April 16, 2040, 11:00 AM