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 most people are more careful

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 where the example of Standard

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 subsidies. The Union Pacific

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 customer pays a business

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 government is somehow

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 takeoff and then struck the

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 of taxation increases, the