Opinion Forum

Meet President Obama’s Special Economic Adviser

October 18th, 2012

By Dan Miller She was little known before her appearance on a local radio call-in program. Classical economic theory is based largely on principles of causation and assumptions of rational behavior coupled with the free flow of information and minimal governmental interference. Under those assumptions, the interplay of supply and demand causes price fluctuations just […]

Articles written by Dan Miller
Tags: demand, economy, gas, prices, recession, regulation, satire, supply
Categories: Economics, Politics | Comments (2) | Home

Dependency, Civilization and Survival

September 4th, 2012

By Dan Miller Some dependence is necessary; too much can lead to the deaths of freedom and civilization. In our civilization, society provides many public resources unlikely to be provided by individuals except through taxation. Some public roads have been built by private individuals or groups of individuals without government financing; few have. There are […]

Articles written by Dan Miller
Tags: demand, dependence, dependency, politicians, power, supply, welfare
Categories: Economics, Politics | Comments (0) | Home

There Are Two Different Subsets of Economics

June 28th, 2011

By Dan Miller Bryan Preston’s recent article about another “unexpected” fall in consumer confidence caused me to reflect a bit on different branches of economics. An analogy could be drawn to the different branches of medicine: if you fall, can’t walk, your leg hurts and a piece of bone is sticking out, it would be […]

Articles written by Dan Miller
Tags: consumers, demand, macroeconomics, microeconomics, regulation, supply
Categories: Economics, Politics | Comments (1) | Home