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flirtcheap (37)in #economics • 8 years ago
What is a Moral Hazard?
A moral hazard is any instance where an individual or group may take on additional risk while the costs of those risks are born by another. It's common sense, of course, that…
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flirtcheap (37)in #economy • 8 years ago
The Myth of Trust Busting and Roosevelts Failure on Standard Oil
Standard Oil is often depicted as a monopoly, and we are often reminded that monopolies are some monstrous things to be avoided. This very comic is in numerous history books…
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flirtcheap (37)in #economy • 8 years ago
The Free Market and the Great Northern Railroad
The Great Northern Railway was the only transcontinental railroad that never went bankrupt. It also was the only transcontinental railroad that never accepted any government…
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flirtcheap (37)in #cryptocurrency • 9 years ago
Steemit's Inherent Flaw
One must ask the question. Whose money is funding this? When you vote, curate, or submit a story. You are rewarded with money. Whose money? In a typical capitalist exchange, a…
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Past Payouts $0.12
- Author $0.09
- Curators $0.03
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flirtcheap (37)in #government • 9 years ago
A Government for Sale
Capitalism is based on voluntary exchange. There is a fundamental misunderstanding of the nature of the state and often an assumption is made that the corporatist nature of our…
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flirtcheap (37)in #inspiration • 9 years ago
The Potential for Heroism
The potential for heroism lies within us all. On January 13th 1982 it was an exceptionally cold day in Washington DC. And Air florida flight90 failed to gain altitude during…
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flirtcheap (37)in #economics • 9 years ago
The Laffer Curve
When talking about taxation one thing that can't be avoided is the LafferCurve. The Laffer Curve supposes that income rates have elasticity in relation to taxes and as the rate…
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