North Dakota Labor Market Trends
North Dakota suffers from a labor force shortage. Currently, there are more than 12,000 open jobs in the state, enough to be North Dakota’s 10th largest city.
The state was previously able to attract...
Capitalism Mythbusters I: Free markets lead to intolerance toward minorities.
This is the second entry in a multi-part series on Capitalism Mythbusters.
Malcolm X once said “You can’t have capitalism without racism” (Malcolm X Speaks, 1965). This straightforward quote reveals...
Entrepreneurship in Organizations: Change from the Bottom Up
In a story about entrepreneurship, you might not expect the main character to be a military colonel. Common perception tends to see the entrepreneur as one who builds a firm, attempting to earn...
Regulatory Capture in American Banking
The 2008 housing crisis led to a record number of home foreclosures. In response, millions of Americans demanded accountability from financial markets. To some, the crisis served as proof of the...
Capitalism Mythbusters: Introduction
I realize I may have lost some readers just by the title of this post. It turns out only 6 in 10 Americans have a positive view of the word “capitalism.” This is despite 85 percent of Americans having...
The Rise and Fall of the Gold Standard
Many people are familiar with the gold standard, but few understand it. The gold standard was the system whereby gold and claims to gold were used as money.
For nations operating under the gold...
How Paternalistic is North Dakota?
When we think of the state of North Dakota, we seldom imagine it as a modern-day Orwellian nanny-state, dripping with paternalistic policies created “in our best interest”. But just how paternalist is...
Minimum Wages Lead to Minimum Freedom
By the time you finish reading this post, I hope to convince you that ‘technology’ refers to an especially broad range of phenomenon.
In Mises Meets Wittgenstein, we discussed the development of the...
2017 Holiday Guide: The Perfect Gift for Everyone
With the holiday season in full swing, you may find yourself dealing with the impossible task of buying everyone the exact present they desire.
Lucky for you, your friendly neighborhood economist is...