In June of 1995, The Washington Post, The New York Times, and several other of the United States’ largest publications all received packages containing copies of a long essay. The author of the essay was Ted Kaczynski, better known at that time as the “Unabomber”. Since the late 1970s, this…

In Fossil Future, Alex Epstein presents us with the most heterodox of hypotheses: not only are fossil fuels not bad, but we actually need to use more of them. Generally speaking, even the bravest of “climate skeptics” we only go as far as purporting to show the benign nature of…

When faced with the failure of centralized methods of economic planning and distribution, the socialist never gives up his scheme of socialism entirely, but often, retreats to a diluted version of his original ideal. This fallback is often one that is seen by most left-wing advocates as an viable alternative…

Friends and countrymen, lend me your ears! I come today to call attention to the grave injustice that has poisoned the prosperity and happiness of our great land. Malicious as it is pervasive, our society as we know it has been wholly afflicted with this disease. The symptom of this…

In economics, time is divided into two realms: the short term, and the long term. The distinction between the two is that in the long run, everything is variable and subject to change. In the short run, however, some things are fixed and cannot be adjusted. The way that this…

He goes by many names: businessman, entrepreneur, capitalist, exploiter (depending on who you ask), etc. But what does it mean to be one? In his seminal work, Principles of Economics, Carl Menger sets out a list of criteria that he believes summarizes the function of the entrepreneur. The list itself…

The most widely known product of the science of economics is the traditional supply-demand graph: Almost everyone has seen a graph like this at some point, and most can also give an interpretation of the meaning of the graph as well. The supply curve represents the amount of a good…

Exhibit 1: “RussiaGate” and the Mueller Investigation Exhibit 2: Black squares on Instagram Exhibit 3: People wearing masks on their Facebook profile pictures Exhibit 4: Ukrainian flags in their username (Etc, etc, etc) What do all of these have in common? They are all different manifestations of one particular phenomena…

What is inflation? If you ask the average person, they would probably tell you something along the lines of “an increase in prices from an increase in the supply of money”. Merriam Webster reflects this general understanding of inflation, defining it as “a continuing rise in the general price level…