We aren’t running out of resources as fast as some would have you believe. We have been depleting our supply of crude oil at an alarming rate ever since the extraction of this natural resource was explored by entrepreneurs. At least that’s what scientists say about most natural resources; right as the supply of these [...]
Supply, Demand, and Green Energy
Examples have been abundant for years that government subsidies of the green movement are nothing but bad news, and they’re not slowing down. With Solyndra’s collapse still fresh in the public’s mind, a new report has found that despite ghastly amounts of money poured into green jobs, the industry is buckling under pressure to perform. [...]
Upset About UNC Tuition Hikes? Here’s a Free Economics Lesson
Here is a free economics lesson for these college students protesting proposed tuition hikes. The price of a good or service (such as tuition and fees for college) is set where supply equals demand. When that price is allowed to be set in a free, competitive market, the price will bring into harmony these factors. But [...]
Inflated Demand + Restricted Supply = Higher Prices
In response to this editorial in the News & Observer, I sent the following letter: Louisa Warren notes the “astronomically high” cost of child care in North Carolina, but is noticeably uncurious as to why said costs might be so high. (Vital Aid to N.C. Jobseekers, June 3, 2010) North Carolina currently pours close to [...]
