If It’s Broke, Don’t Fix It

By: Rob Oldham The United States is bankrupt. More than $17 trillion in national debt and a budget deficit that has ballooned by nearly $1 trillion in the past 45 years speaks to this. A leading cause of our fiscal ineptitude is a divided Congress’ inability to reign in entitlement spending, or mandatory payments due to…

Delta's revitalized fleet
Source: Flickr

Airlines: Flying Back to Profitability

By: Jesse Chan The airline industry has seen its share of tumultuous events: bankruptcies, high fuel prices, and labor issues, among other things. Think of a modern business challenge—chances are the airline industry has experienced it. Many have decried the industry as value-destroying. Sir Richard Branson, founder of Virgin Atlantic Airways, remarked that “If you…

The Unequal American Dream?

By: Victoria Barker How did America, the alleged home of the “American Dream” become the poster child of income inequality? A quick Google search of the term “income inequality” returns over 160,000,000 results in less than a quarter of a second. Rather than the first return being a Wikipedia page about the broad term “income…

Innovative vending machines in metros of São Paulo, Brazil (Photo credit: Guilherme Barci)

Pay What You Think It Is Worth: The Argentine Peso

By: Sam Kinsman Vending machines (pictured to the right) filled with books are spread throughout the metro system of São Paulo, Brazil with a message that makes perfect sense to a capitalist minded passenger. The sign says Pague quanto acha que vale (Pay what you think it is worth) indicating the buyer can determine his or her own…

John Maynard Keynes taught the government to spend (Source: NPR)

In the Long Run, Keynes is Dead

By: Rob Oldham I recently had a chance to sit down with Dr. Jeffrey Dorfman and chat about the role of the federal government in the U.S. economy. Dr. Dorfman teaches economics in UGA’s Department of Agricultural and Applied Economics. His career has spanned 25 years, from a PhD at the University of California Davis to…

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