Gentrification and ingroup preference [Video]

[By Ben Noble]

Serious question. I’ve seen people say that poor communities should be invested in to increase economic opportunity. This lady opens a nice bar in a poor area to serve the community. Then people complain about gentrification and “erasing” their culture. I understand that people might not like the decor and drink options the owner has chosen, but why complain about a business moving into their area? Just don’t go to the bar. (more…)

Three positive things about price gouging in an emergency

[By Ben Noble]

In the wake of hurricane Harvey in Texas there has been an uproar over “price gouging.” By the time that this post is up hurricane Irma will have struck Florida. We all want the people affected by these storms to able to access the goods and services that they need to survive and recover. To this end, it is incredibly important that we remember that economics never takes a day off.  (more…)

Universal Healthcare can’t make an individual or the United States population healthier [Video]

By [Ben Noble]

Bernie Sanders and like minded individuals have brought universal healthcare into the mainstream political discussion. The idea of having everyone in the US covered by government funded health insurance might induce feelings of fuzzy euphoria, but its not as simple as “health insurance = good health”. Universal healthcare does nothing to address the everyday choices people make that determines their level of health, the massive amounts of money spent on treating preventable illnesses, and the certain explosion of demand that will create shortages in supply and an increase of costs. (more…)

Walmart, the Minimum Wage, and Morality

[by Ben Noble]

A friend of mine recently sent me an article that uses Walmart to argue in favor of a $12 minimum wage. He knows about my libertarian/anarchist views and was wondering what I thought about it. I hope he didn’t regret asking me this because my answer got a little long-winded. I decided to focus on the moral aspect of the issue because there seems to be endless amounts of studies and economists that you can use to support whatever your position might be. It is much easier to massage a study or set of numbers to reflect what you want, but it is much harder to do that with a consistent morality. I think it makes for a more powerful argument. Anyone agree? Here is what I sent him: (more…)

The Impossible Task of Centrally Planned Health Insurance

The fundamental truth about an individual’s health is that it is their daily choices that determine weather it is good or poor. Things like insurance coverage, medical technology, or the promises of politicians have a small and limited effect. Any effort to offload that responsibility diminishes the individual’s incentive to be in control of their own health. Thus, centrally planned healthcare is impossible in the long run.