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*Socialism has gotten a bad reputation in our country. Because of a misnomer on the part of the Soviet Union, it has been unfairly equated with communism since the end of World War II. During the 19th century socialists were implicated in several attacks on government and corporations. In reality socialism is an economic philosophy [...]
*Conservatives want less government intervention and argue that decreasing regulations will lead to a better economy because companies will be free to expand and hire people. Professional sports offer great insight into this perspective because they are the few businesses in which the United States government does not highly regulate their actions. Major League Baseball [...]
*Over the next few weeks I will examine the Republican Party’s national platform. That is, the official statement of purpose and vision for the party and presumably the policies that Romney would work to implement should he get elected President. Today I will go over the economic principles. There are four predominant concepts make up [...]
*Supply side economics is a logically inconsistent perspective. It is a perspective on how economics work that is dependent on the profit motive of people to benefit society. More specifically supply side economics theory says that by stimulating the people who supply the marketplace with goods and services (business owners and management) , the economy [...]
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