One of the first lessons in an economics class is everything has a cost. That’s in stark contrast to lessons in the political arena where politicians talk about free stuff. In our personal lives, decision-making involves weighing costs against benefits. […]
Socialism is trending in America. Politicians once ran from the term; now more embrace it. And polls show younger people are favoring it. Rep. Alexandria Ocasio-Cortez, D-N.Y., won a seat in Congress by promising free health care for all, free […]
Here’s a question for you: In 1950, would it have been possible for anyone to know all of the goods and services that we would have at our disposal 50 years later? For example, who would have thought that […]
The story is told that when Tennessee frontiersman Davy Crockett served in the US Congress (between 1827 and 1835) he voted for a bill appropriating $20,000 for relief for victims of a fire that broke out in Georgetown.