The problem with public education is that it has nothing to do with education, it’s politics. Public school systems are political institutions, administered, run and funded by bureaucrats for political expedience. Is there anyone who doesn’t understand the inherent inefficiencies, half-truths and political horse trading of politics? People you wouldn’t trust to babysit your kids …
Category Archives: Economics
Male-Female Wage Gap?
Depending on which ‘study’ you read, some believe that there is a systematic difference in the amount of money companies pay men and women for the same work and they claim the difference is due to sexism. Let’s distill the issue of emotion and consider it rationally, reasonably, logically and with some common sense. First …
The Magic of Fiat Borrowing
Awhile back I posted an article called ‘Your Government is Bankrupt’ and in that article I was right and I was wrong. I was right that the government is bankrupt, bankrupt meaning it takes in less revenue than it spends and can’t pay back its debt, but I was wrong that it matters, it doesn’t, …
The Logical Fallacies of Government
It’s not difficult to find a formal or informal logical fallacy in every aspect of politics but one of the most predominant used by those trying to defend it is denying the antecedent in order to justify what the state does. Denying the antecedent is when it is fallaciously assumed that if one thing leads …
Why Lottery Winners Blow the Money
Someone who wins millions in the lottery who isn’t used to having and managing millions doesn’t consider the opportunity costs of the lost future value if they were to invest some of the winnings. They only consider the present value of the money and their short time preferences like food, drink, clothes, car, fun, sex, …
Does Economics Precede Morality?
For the sake of this discussion I define economics as the choices rational people make.[1] In other words, why people make the choices they make and not just fiscal decisions but all decisions. Why do they accept one job offer over another. Why did they choose to marry this person over another? Why do they …
Guaranteed Student Loans Destroyed the Value of a College Education
There was a time when people had to work and save and scrimp in order to go to college. Those who were really serious about studying did whatever it took to make their dreams come true. They took a year off after high school and worked, they worked summers, they worked during school, they took …
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American Exceptionalism as a Competitive Advantage in Golf: Hypocrisy of the PGA Tour
The Professional Golfers Association (PGA) was created in 1916 because some industrious businessmen saw an opportunity to make money and corner the golf equipment market amidst the rise in popularity of the game in the US. The Professional Golfers Association Tour (PGA Tour) branched off from the PGA in 1968 over financial and structural disputes. …
Government is Corrupt by Its Nature and There’s Nothing You Can Do About It
Most believe that if a government is corrupt then it’s because the people running it are corrupt so the solution is to vote ‘good’ people into office to replace the corrupt ones. But after thousands of years of voting, governments are still corrupt. Are we to believe that everyone is corrupt, that there are no …
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Electric Vehicles
Electric vehicles (EV) are not new, they have been around much longer than Internal Combustion Engine (ICE) vehicles. The first ones appeared around 1828 to 1840 in Europe. Now 180 years later they are still not economically viable solutions and there’s a reason why: physics. The energy density, cost, weight, and size of onboard energy …