A national 3 percent increase in charter school enrollment from 2004 to 2014 and President Trump’s recent 168-million-dollar proposed budget increase for charter schools have once again opened the ideological floodgates between charter school critics and proponents. However, parents and
Revisiting Bastiat and Government Spending
Economics is grounded in theory, yet at times economic theory’s fundamental components become mundane and fall by the wayside. Frédéric Bastiat (1801 – 1850) made a claim foundational to economic theory that is equally valid today as it was during
How Occupational Licensing Harms the Labor Market and Why Licensing Requirements Need to be Reduced
In 2015 roughly 25 percent of the US labor force held a certification or license, a sharp increase from 5 percent in the 1950s. A license is provided by a government agency and a certification is issued by non-governmental
Is GDP an Outdated Measurement of Growth?
GDP accounting has raised questions of legitimacy and whether GDP is an accurate measure of growth. Despite its limitations, GDP is continually used as a measure of economic growth in reports and analyses. Structural changes continue to complicate and obscure
Engel Curve Estimation for US Dairy Consumption
Estimating an Engel Curve for US Dairy Consumption Using OLS, this model estimates an Engel Curve examining the relationship between US dairy consumption and income. The data involved includes real disposable personal income per capita (RDPI) in the United States