Category: Economics

Rep. Scott Simon (R-Arbita Springs) pre-filed legislation in May that would roll back restrictions on craft breweries. House Bill 246 would allow caterers to serve alcohol at brewery-hosted private events. Cary Koch, executive director of the Louisiana Craft Craft Brewers Guild, said that Louisiana has one of the highest closing rates for breweries in the […]

When consumers are armed with a camera and the power to review businesses, the owner must either deal with the situation or the impending negative review. Customers now run the internet. One tweet at Delta for their horrible record of on-time flights could spark a stipend and an apology. Google has evolved how search engine […]

If you could redesign society, what laws would you choose? How would you define equality and justice? One caveat: you don’t know which class, country, or time you’ll be born. John Rawls in 1971, imagined this exercise to determine the morality of laws. You could divide power by income, but risk entering into as someone […]

McDonald’s is harnessing big data and consumer preferences to create a better experience. In March McDonald’s bought Dynamic Yield ltd, a tech firm that helps businesses pitch consumers, for over $300 million. The firm plans to accommodate menu choices dependent on weather, popular orders, or past orders, like an Amazon cart. Since installing kiosks and […]

As a third generation farmer, I was taught corporate subsidies were necessary to support farmers and green energy. We even erected windmills on our farmland. My stance changed after studying Solyndra, former President Barack Obama’s $80-billion subsidized solution to climate change. Solyndra, a solar panel company, was founded in 2005. The company’s investors gave $87,050 […]

A currency designed to ease internet payment could revolutionize the way people negotiate, from legal contracts to crowdfunding. Hillsdale College Economics Professor Michael Clark teaches when rational to pursue high-risk, high-reward investments, such as cryptocurrencies, a $700 billion market as of Jan. 3 according to Business Insider. Clark said that a cryptocurrency is a digital […]

Amazon Prime Air on December 7, 2016, delivered a package in 13 minutes from the purchase. But this was in the U.K., where Amazon CEO Jeff Bezos moved his autonomous drone delivery research after the Federal Aviation Administration’s 624-page rulebook crushed the United State’s drone industry in 2016. Congress mandated in 2012 the FAA Modernization […]

The law of unintended consequences is that actions of people and government often result in exacerbating the problem it’s meant to fix. Parent Mistakes When I was in high school, my parents restricted the amount of soda I drank (for good reason). But this pushed me to rebel and drink two or more almost every […]

On May 4th Illinois Gov. J.B. Pritzker said he plans to legalize recreational marijuana starting next year. The Case For Legalization Ten states and Washington D.C. have legalized recreational marijuana. Canada legalized marijuana years ago and Mexico announced plans to legalize marijuana by October of 2019. Strawman Costs Stoned Drivers The driving death rate increased […]