Created by Raheem Williams |

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…

Created by Jeremy Jackson |

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…

Created by James Caton |

Not all money is the same. This may be obvious, for example, if you compare an American dollar and a Japanese yen. What is not obvious is that not all yen or dollars are the same. We can differentiate…

Created by James Caton |

In my last post, I compared the functions of cryptocurrencies to those of clearinghouses in terms of the ease with which they can help financial institutions clear balances between one another. This…

Created by James Caton |

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…

Created by Raheem Williams |

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…

Created by Jeremy Jackson |

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…

Created by Mark Simonson |

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…

Created by James Caton |

The development of cryptocurrencies has provided new, highly liquid substitutes for dollars and other national currencies. I expect that this will radically transform — and help stabilize — banking.…

Created by Jeremy Jackson |

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…

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