One of the core tenets of the Neoclassical view of competition and monopolies is market power. Taking an example from a run-of-the-mill mainstream economics textbook, it reads: “You may recall that a market is competitive if each buyer and seller is compared to the size of the market and, therefore…

This officially marks my one-hundredth blog post! I first started my blog in December of 2018, began regularly updating it in October of 2019 and have been consistently writing here ever since. In late 2020, I migrated from my clunky old Blogspot page over to Medium, but all the older…

Every election cycle, the tagline is the same: “THE MOST IMPORTANT ELECTION OF OUR LIFETIME!” The upcoming elections in 2024 might actually be worthy of the title, however. Not because of the short-term consequences for who wins the presidency or the legislature, but because of the long-term implications for the…

What is the ideal society? If we could remove all obstacles and impediments, what kind of world should we create? While there has been no shortage of proposed answers to this age-old question, they almost all have one thing in common: the ideal society is one without the division of…

The economic burden of inflation continues to ravage economies around the world. From the U.S. to U.K. to the Eurozone, people are finding that the money in their wallets and bank accounts buys less and less every month. As with all problems, everyone is looking for three things: strategies, solutions…

There is one thing that Americans of all political persuasions, cultural backgrounds, socio-economic status, and religious affiliations can agree on: something is wrong. Of course, opinions differ wildly on what exactly that thing is. Even so, it isn’t difficult to see why there is near-unison on this point. Inflation is…

In Mises’ “Human Action”, he describes uneasiness as being the core motivation behind all action. Mises writes: “The incentive that impels a man to act is always some uneasiness. A man perfectly content with the state of his affairs would have no incentive to change things. He would have neither…

Humor is one of the few constants in the human condition. No matter where you go, no matter what language you speak, at any time, and in any culture, there is always humor. There is always laughing and jokes. It seems to be almost a core part of what it…

On January 20, 2001, George W. Bush was inaugurated as the 43rd President of the United States and the first President of the new millennium. Optimism and confidence were in the air. The 1980s and 90s had been relatively good years for the United States, seeing strong economic growth and…