Category Archives: Economy

Why Socialism Won’t Work in America

There’s a big push for socialism in the United States. The problem is that it just isn’t going to work in America. With socialism, there’s a lot of centralization, especially with regard to economic policy. Real socialism wouldn’t allow for many things most Americans take for granted. Economically speaking, people would have to completely disregard their personal utility (satisfaction). We need to be honest when we talk about socialism. Tens of millions have died at the hands of its ideology, mostly from starvation. But this is just the tip of the iceberg. Continue reading

It’s Time to Privatize OHSU

We often fail to realize that “privatize” is not a dirty word.  In order to understand this, we must first understand what it means for a public university to privatize. Next, we must come to terms with the reality that private institutions are often highly esteemed compared to their public counterparts. Lastly, there needs to be a good reason for a public university to privatize if people are going to support such an action.

After diligent research, I believe that there is a very convincing case to privatize the Oregon Health & Science University (OHSU).

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The Economics Behind Price Gouging

With all the hurricanes lately, I’ve seen plenty of people get upset about price gouging in areas where people are evacuating and/or areas where people are hunkering down. Based on what I’ve seen, most people find the practice immoral, especially when there’s a crisis. It seems to be that people don’t quite understand why price gouging is actually the moral thing to do in times of a crisis. Hopefully, my personal experience in Oregon with the wildfires will shed some light on this.

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Why the University of Washington's Study on Seattle's Minimum Wage Increase is Not Flawed

Late last month, a team of economists at the University of Washington released their findings on the past couple minimum wage increases in Seattle. Unsurprisingly, this was covered by just about every news outlet. To my surprise, many are divided over what the Seattle economists found. Economists at UC Berkeley did their own study and had different findings. This led to a lot of people, including economists, calling the University of Washington’s study flawed. The only problem is that their study isn’t as flawed as critics claim.

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Sarah Silverman Doesn't Understand How Credit Unions Work

It often concerns me when people don’t seem to understand something they should have learned about in high school such as writing a check, balancing a personal budget, and major differences between a bank and a credit union. Sarah Silverman explains why she left her bank for a credit union in a video for NowThis. Just when you thought you couldn’t politicize much more in America, the credit union has now fallen victim to it. There’s a lot of benefits to a credit union. I even advocate switching to them! There’s just one big problem: I don’t think Sarah Silverman or NowThis understand credit unions very well. Before we get too far ahead of ourselves, here’s the video so you can see what I’m talking about.

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The Recent Jobs Report is a Distraction: How to Accurately Judge Our Employment Situation

The Bureau of Labor Statistics (BLS) released a new jobs report on Friday, reporting an addition of 178,000 jobs and a nice, low 4.6 percent unemployment rate. FiveThirtyEight’s Ben Casselman, their chief economics writer, said that Trump and Clinton could both spin this jobs report, but he also wrote that “Millions of Americans abandoned the labor force during the recession and are now returning at a trickle, if that.” But isn’t it a good thing that the unemployment rate is low and jobs were added? Well, yes, but also no.

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Oregon Measure 97: The Harsh Reality

The State of Oregon is having a bit of wild dream when it comes to a state measure that was intended to raise taxes by 2.5 percent on big corporations. The ‘Yes on Measure 97’ campaign even has over 70 experts and academics to back up the measure. But is it really all it’s cracked up to be? To be honest, I don’t think so. 

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Something to Look for if the Brexit Takes Place

Today is the day that Britain votes whether or not they will stay in the European Union (EU). There are plenty of arguments for and against what is being called the Brexit. Personally, I’m in favor of the Brexit for a few reasons. However, there are legitimate reasons for the United Kingdom (UK) to want out of the EU. From the restriction of individualized trade agreements outside of the EU to personal feelings, the UK has a legitimate reason to want out.

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Trump's Path to 270: The Power of Endorsements

Donald Trump, the presumptive Republican nominee, has received plenty of endorsements by prominent leaders and other elected officials in America. A few states that I believe would be very helpful to Trump would be in battleground states and likely blue states where he has received endorsements from governors. This includes Maine (4 electoral votes), New Jersey (14 electoral votes), and Florida (29 electoral votes). Does Trump need to put a lot of effort in these states to win? Maybe, but it may not be as necessarily as one might think.

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Oregon Business Agenda: Give Some Authority Back to Counties

Rural Oregon, especially eastern Oregon, is experiencing some serious economic hardship. These areas feel quite neglected from the state and have been pretty vocal about it. Does Governor Kate Brown acknowledge that? Who knows? Maybe she did and nobody covered it. But until that’s something to be proven, we have to assume that she did not. Why should we care? It’s just farm land and whatnot, right? Rural Oregon, believe it or not, still brings in a good amount of money to the state. Eastern Oregon has been considering joining Idaho and Idaho doesn’t have a problem with that.

As I mentioned in the last article, I have an agenda for Oregon’s businesses that I believe will help turn our economy back around and help Oregon get back on its feet. There’s still time to kick start this recovery. I firmly believe that a big start is allowing the counties to make deicisions about labor for themselves.

NOTE: This article is part of a series that outlines a common sense agenda for the benefit of all Oregonians.

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