Go To ↓ Navigation & Information Other Information

Author Archives: mcoats

If you have ever seen the movie “Braveheart,” you have to recall William Wallace’s (Mel Gibson) final cry for freedom–freedom of the Scots from the Brits.  Here is Gibson’s moving “freedom speech” from the movie.  His freedom cry at the end is a little too gruesome to link to–more frightening than this picture. Well, tomorrow, the […]

Well, the Bureau of Labor Statistics just released the latest unemployment report, their Employment Situation Summary.  Senator Jeff Sessions (R-AL) notes here that twice as many people left the job market as found new jobs this past August.  He also states that 7 million have left the job market since 2009.  What is disturbing about this recent […]

Take a look at this article from the Wall Street Journal about empty seats in student sections at college football games.  What you will see is that the “law of demand” is still in effect.  Now, if you don’t know what the law of demand is, it is a simple and fundamental idea in economics, […]

If you haven’t heard, Burger King is in the process of merging with a Canadian coffee and donut chain, Tim Hortons, so that they can move their corporate headquarters to Canada in what appears to be an effort to cut their tax burden.  You can read about it here in the L.A. Times.  But what […]

In 1973, David Friedman published an interesting book, The Machinery of Freedom, largely a compilation of essays concerning how anarcho-capitalism can work.  One of his essays is on how mass transit can be produced privately and that the infrastructure for it is largely in place.  Recently, two companies have started operating worldwide, Uber and Lyft, […]

In previous posts, I have pointed out the consequences of price controls, especially in Venezuela. Venezuela has had food shortages, diaper shortages, medicine shortages,  and all of these shortages occur because the government there has sought to keep prices below equilibrium values.  Food, and medicine are both needed to keep their people from dying and […]

In a previous post, I suggested that what we call sweatshops are factories where workers are not treated well, but that these sweatshops offer workers a better life than they had, otherwise the workers would not agree to work there.  The pay in these factories, while quite low compared to U.S. and advanced economies’ pay […]

This guest post was written by my long-time friend, college classmate, and co-author, Gary Pecquet, an associate professor of economics at Central Michigan University. Today, June 5th is celebrated as Adam Smith’s birthday.  In just nine years Adam Smith’s 300th will be celebrated. Not many thinkers have had the impact on the world as he over […]

About three weeks ago, this story broke about rationing of appointments and treatment in a Phoenix VA hospital facility, rationing which has supposedly led to at least 40 deaths as these vets awaited treatment.  The rationing is due to two factors: 1) global budgeting of the VA hospital system capping total spending and 2) a lack of […]

Go To ↑ Top