Mortgages account for the single biggest form of debt in the United States and in most Western countries. It’s the biggest purchase anyone can make, considering that they’re purchasing 30 years worth of time (people don’t want to save for 30 years and then buy a home in their 60s or 70s). Mortgages tend to […]
Archives for July 2015
Video: John Oliver on taxpayer-funded sports stadiums
Sports stadiums that are paid for by taxpayers has been an ignored issue for a very long time. Everyone loves sports so people are willing to put the fact that stadiums, arenas and global sporting events are paid for through taxes. The main defense is that stadiums and sports pump millions of dollars into the […]
Report: Housing bubble’s bidding wars returning to today’s real estate market
During the 2000s, one of the biggest signs of a frothy, overinflated bubble in the housing market was bidding wars. Potential homeowners would attempt to outbid their rivals in an effort to capture what they believed was valuable land and a home. If you thought this trend had ended with the real estate meltdown a […]
Socialism explained in a single cartoon
For the second time in one day, we have something interesting from Mark Perry of the American Enterprise Institute (AEI). This time, it’s a cartoon that explains socialism in a very simple way. The cartoon is funny because it illustrates the problem with those who feel morally just; they’re taking money from you to help […]
Paul Krugman on the minimum wage: 1998 vs. 2005
Mark Perry of the American Enterprise Institute (AEI) posted an interesting image that compares Paul Krugman’s comments on the minimum wage in 1998 compared to 2005. In 1998, Krugman illustrated his economic understanding of how a higher minimum wage leads to reduced employment. In 2005, he does a complete 180 and says there is no […]