Venezuela hasn’t been front page news in a while, but the deteriorating situation could mildly irritate you in the near future. Nicolas Maduro, the leader of Venezuela, has been at the helm of a failing government since the death of Hugo Chavez in 2013. Continuing the failed economic policies of Hugo Chavez’s socialist revolution in... Continue Reading →
The United States is an Oligarchy
The United States is an oligarchy. You have probably heard this thrown around by someone ranting about something at some point, and every end of the political spectrum utilizes this argument in an attempt to hype up their cause. Whether it’s a wealthy white kid with dreadlocks protesting on his college campus in Berkeley (disclosure:... Continue Reading →
Tariffs 2.0 – Will Manufacturing Jobs Come Back?
One of Trump's many claims has been that the tariffs will help bring manufacturing jobs back to the United States. With the steel tariffs being delivered on the question then becomes, will steel manufacturing jobs come back to the United States? There is a perception that the United States has lost its manufacturing sector. Every... Continue Reading →
Why Trade Wars Are Bad Ideas
Trade wars are usually inadvisable, if they can be avoided. Like most 'wars' they tend to have hidden costs, abundant problems, and unintended winners (and losers). The goal of levying tariffs on items is to protect domestic manufacturers and jobs. For instance, by punishing foreign steel imports with tariffs (or taxes) it creates an... Continue Reading →