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Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow and/or harvest something of commercial value from the earth, extract something of commercial value from the earth, provide professional services (medical...
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I have just read Lenin's Imperialism and given a small lecture on it for a bunch of socialists I know. I thoroughly enjoyed the book. The research is very well compiled and gives a great historical account of how we progressed. My one criticism however is very potent. And it's one no doubt many...
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How do government subsidies make college more expensive?
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Obviously, I am new to economic theory, and some questions have been dogging me for quite some time. Before I begin, I have studied North Korea and other socialist/communist ideologies for a few years. Granted, these studies are based on speculative subjects and humanitarian issues and a smattering of...