In economics, a “bubble” occurs when when something gets wildly overvalued. Its value increases to ridiculous amounts, until people realize what’s going on. Then the bubble bursts. This has happened many times throughout history,...
Hosting the Olympic Games is one of the biggest honors a city (and country) can have. The World Cup is just as prestigious, especially in soccer-obsessed countries. But hosting the Olympics or World Cup...
The metric system has never caught on in the U.S., but when it comes to decimal measures, there is one place where America has been a pioneer. We were one of the first countries...
The 2012 Presidential Campaign broke just about every fundraising record out there. Thanks to the Supreme Court’s “Citizens United” ruling, candidates at every level of government were able to raise unprecedented mounds of cash....
It all started with the commencement ceremony in May 2000. The keynote speaker was James Wolfensohn, president of the World Bank, an international agency that provides loans to developing countries. Our normally apathetic campus...
Karl Marx explained that Capitalism is based on a limited ownership of the means of production. It takes a lot of money to build an auto plant, so only the largest joint-stock companies can...
When it comes to currency, the more you print, the less it’s worth. This is a basic law of economics, and it doesn’t just apply to the money supply. If there are only three...
In recent years, conservative politicians have talked about creating more jobs to boost the economy. They talk about lowering taxes on wealthy “job creators”. However, I think that the best way to stimulate business...
Have you ever read Dune? Set 20,000 years in the future, it tells of a universe controlled by a hodgepodge of corporate and feudal interests. There’s an emperor balanced against a council of noble...
