The Great Depression is often cited as one of the great failures of the free market. The conventional wisdom is that President Herbert Hoover was a backwards free-market loving idiot that stuck to his guns and didn’t intervene in the … Read More
Category: Government (Page 1 of 3)
Assignment: (1) What are some of Marx’s criticisms of capitalism? (2) How might you respond to the criticisms you discussed in question 1? (3) Discuss the following three items in brief: a. What Is To Be Done? b. New Economic … Read More
Questions: (1) What were the primary values of fascism? (2) What was life like for the businessman in Nazi Germany? In light of your answer, how would you respond to the socialist claim that fascism is just a late stage … Read More
Date Written: 5/2/2023
Questions: (1) “Is it unreasonable to confine ourselves strictly to the text of the Constitution. (2) What is the idea of a “living Constitution”? In what way could it be argued that the American Revolution was a … Read More
Date Written: 4/25/2023
Questions: (1) Can smaller political units contribute to the cause of liberty? If so, how?
Today basically everyone thinks that the larger the country the better. They think that a large country is necessary to be safe … Read More
Date Written: 4/17/2023
Assignment: (1) What is the origin of money? (2) Name and explain three disadvantages that have been identified with fiat money.
Why do we exchange perfectly useful goods and services for little green pieces of paper or … Read More
The Washington Monument syndrome is an interesting fact pertaining to government budget cuts. When a government agency is threatened with budget cuts they always cut the thing the public considers to be most important. This way the public demands that … Read More
Date Written: 3/29/2023
Assignment: Explain the basics of the Austrian theory of the business cycle.
A common criticism of the free-market is that it is prone to business cycles. That is when there are periods of great economic growth followed … Read More
Date Written: 3/21/2023
Question: Evaluate this statement: “World War II was a time of great prosperity in the United States.”
A common misconception people have is that war benefits the economy. World War II in particular is often claimed to … Read More
Date Written: 3/14/2023
Questions: 1) Evaluate this statement: “All workers have benefited from the existence of labor unions.”2) Evaluate this statement: “Government must intervene in the economy to bring about improved working conditions.
Today many people believe that labor unions … Read More