Blame for scarcity lies not with pandemic, but response

It’s a fundamental economic truth: Scarcity exists because resources are limited. It is a matter of unlimited wants versus limited resources. United States residents are unique and pampered. In fact, the U.S. has been called the land of the plenty when compared to other countries and economic systems. Americans are accustomed to fully stocked automobile […]

Regional conference focuses on leadership and economics

Have you ever said to yourself, “Someone should do something about that?” What if that someone was you? Leading others by learning to lead from within is the theme of the Western Slope Economic Leadership Conference. The conference for high school juniors in the region is set for Nov. 2 at the Colorado Mesa University […]

Add property ownership to list of endangered rights

“Within a frame of transformation, the edges of the energy system begin to soften and meld into other notions of property, beyond private resource ownership and toward conceptions of shared management and control,” said Shalanda Baker, the law professor on leave from Northeastern University and nominee to become director of the Office of Minority Economic […]

Economics should be an educational experience for every student

School bells ring and students return to classrooms. While some elements of the curriculum made headlines during the spring and summer, there’s been no mention of the need for economic education.  But who needs economic education? Right? Consider some of the numbers. According to the Experian Consumer Credit Review, consumer debt as of November 2020 […]

Real pain of inflation felt in the pocketbook

“If you want to get someone’s attention, hit them in their pocketbook.” This saying has been around a long time, but the truth becomes blatantly obvious as gas prices rise between fillups, groceries cost more each time they’re purchased and utilities and housing costs skyrocket.  Inflation receives the bulk of the blame, but exactly what […]

Do government programs actually solve any problems?

About 2,200 federal assistance programs were available to the American public in 2013, according to Government Book Talk. It appears that was the year the publication stopped counting because programs weren’t enumerated in recent publications. It’s likely safe to assume many programs have since been added. The General Services Administration has a database of programs […]

What does job loss mean? Real stories recount the effects

“U.S. Economy Lost 140,000 Jobs in December;” “Keystone XL Pipeline Cancellation, Thousands of Jobs Lost;” “Impact of Illegal Immigration Disproportionately Affects Adult Black Males;” “$15 Minimum Wage Could Cost 1.4 Million Jobs;” “Plan to Raise Corporate Taxes Would Reduce GDP by 0.8 percent and Eliminate 159,000 Jobs.” These are some of the headlines reflecting the […]

Energy industry latest crony capitalism loser

Between 2016 and 2019, the United States economy rebounded with a surge of new manufacturing and the growth of small businesses. The unemployment rate dropped. Onerous government regulations were reduced, encouraging businesses to expand and hire more employees. The U.S. became energy independent for the first time, leading to lower fuel prices benefiting business and […]

“Save the middle class” a cry to preserve the American Dream

What, exactly, is the middle class? The Pew Research Center defined the middle class as those whose annual income was two-thirds to double the national median —in 2019, a range from $40,500 to $122,000.  National Public Radio reported in 2016 the term middle class historically has meant something less concrete in the United States — […]