Tag Archives: Economy

Foundations of Economics Series: Every Man for Himself

Foundations of Economics Series: Every Man for Himself

As previously discussed in this Foundations of Economics series, economic competition is the process of establishing who produces what in our division of labor economy. Through economic competition, millions of individuals decide in commercial transactions who best utilize our limited resources to produce wealth and the best process for producing that wealth. In other words,

Foundations of Economics: It’s Not a Jungle Out There

As we have examined in Part 2 of this Foundations of Economics series, in a division of labor economy we each focus on producing one or a few things while depending on everyone else to produce the majority of things we need and want.  The obvious question arises, then, of who should produce what?  A

ObamaCare Breaking the Backbone of the Economy

The National Small Business Association recently released its 2014 Small Business Health Care Survey.  The survey reveals that 91% of respondents reported an increase in the costs of their health plans at their most recent renewal. [Related on OCR: “Obamacare Sticker Shock, Part 1: Premiums Expected To Rise 88%”] One in four small businesses saw

We Count on Coal

Unfortunately, too many Americans do not understand the significant contributions coal makes to the U.S. economy and our way of life. President Obama is taking advantage of this lack of understanding by waging a war on coal to the explicit benefit of his green pork agenda. His recent proposal to regulate carbon emissions from power

Our Coming Economic Collapse, Part 3: Our Recent Boom & Bust Cycles

The cycle of artificial booms and busts described in Part 2 of this series happened under the Clinton and Bush presidencies.  In the early 1990s, the Funds rate was 8%. By 1993, the year of Clinton’s infamous tax increase, the Funds rate was in the 3% range and the Funds rate stayed in the 4-5%

Obamacare Sticker Shock, Part 2: Counting the Cost of the Individual Mandate

In the first part of this series, I discussed, in part, why Ohioans’ health insurance premiums are going to rise about 80-88% in the coming year. However, I did not discuss the entire picture. There are several legs to the Affordable Care Act (ACA) stool, but the primary ones are guaranteed issue, community ratings mandates,

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