Maybe this will help a few people understand that trade itself creates wealth and correct that nasty little assumption that it merely redistributes it.
14Oct10
The Tragedy of the Commons
By: Barry Belmont
So for those of you interested in theory behind the experiment to be conducted today at 12:15, consider this blurb from Garrett Hardin: The rebuttal to the invisible hand in population control is to be found in a scenario first sketched in a little-known pamphlet (6) in 1833 by a mathematical amateur named William Forster Lloyd [...]
By: Barry Belmont
Keep this in mind: this guy is not kidding. He’s serious. <facepalm> </facepalm>
By: Barry Belmont
Recently published research out of North Carolina State University has identified a “tipping point” for national debts. That is, at a certain point in which the national debt actually begins to have an adverse effect on economic growth. The results? If a country’s public debt reaches 77 percent of its gross domestic product (GDP), bad [...]
By: Barry Belmont
This is from a recent op-ed by Michael Tanner over at the Cato Institute. The power of the article comes from its subtle implication that those who comprise the governmental agencies that establish programs to help those below the poverty are actually more concerned about making their money, than they are about giving it to [...]
18Sep10
Economics in One Lesson
By: Barry Belmont
In the coming weeks you’re going to be hearing all about the UNR Students for Liberty’s skirmishes with their student government (the ASUN). In fact, chances are you have already heard too much about it. But the reason we continue the fight, the reason we keep up the mockery is because ultimately it stands as [...]
7Jun10
National Debt by Country
By: Barry Belmont
By: Barry Belmont
22Apr09
The Package and the Lesson
By: Barry Belmont
For those of you attending the University of Nevada, Reno. If you haven’t already heard, the president of the ASUN,* Eli Reilly, has proposed a “stimulus package” for UNR. The idea is for $200,000 to be spent over two years that “will create 50 new student jobs on campus.” If this isn’t the definition of [...]
