Public Goods and the Standard of Living

  Public goods are goods that once they are made they can be used by the public at no additional cost (besides occasional maintenance and upkeep), such as: lighthouses, highways, and recreational parks. Often times public goods become confused with private goods. Take, for example, the landscaping and exterior of your house. People who go … More Public Goods and the Standard of Living

A Pencil

In the beginning God created the heavens and the earth. ~Genesis 1:1 As I write the rough draft of this essay I am using a pencil. How often do you use a pencil? Have you ever wondered how a pencil is made? I honestly cannot remember if I have ever wondered such a thought. Well, … More A Pencil

Government Price Control or Free Market Price Control?

The free market should be the ultimate deciding factor over prices. Some may say that it would be much fairer if the government had control over prices because it would then allow a less fortunate person to buy something he wanted- but could not afford- at a cheaper price. This government control would only lead … More Government Price Control or Free Market Price Control?