socialism

See communism, as well as state capitalism and welfare capitalism.

Baseball Inflation: How a 500-Fold Increase Knocked Baseball Salaries Out of the Park

After a long and dreary winter, baseball season is finally underway—just in time for the news that inflation has hit a 40-year high. The salaries of our favorite baseball players are subject to their own sort of inflation. This particular inflation rate towers over the Consumer Price Index (CPI) typically used to quantify inflation. Since […]

15 min read

Economics Inflation Money Op-Ed

Money-Supply Inflation and Its Painful Fix

This article is the first in a three-part series explaining why the economic inflation we are experiencing was all-too-predictable, and outlining the things that ordinary citizens can do by way of self-protection to hedge against it and enhance their finances. The first topic of discussion will be government mismanagement of the money supply and the […]

57 min read

Highlights Money

Expensivity by the Square Foot: Palaces, Castles, and Mansions

In Xanadu did Kubla Khan a stately pleasure dome decree… How do the abodes of today’s ultra-rich compare with the established residences of royalty? If you’re looking for splash and pizzazz, especially with respect to raw square footage, today’s ultra-rich mostly don’t measure up to the royal families and rulers of yesteryear. On the other […]

45 min read

Economics Highlights Money Resources

The 2021 US Pizza Index

America’s love story with pizza is 75 years old – and Americans started flirting with pizza pie well over a century ago. Lombardi’s, in New York City, is most commonly cited as America’s first pizzeria – this Little Italy joint opened in 1905. Pizza-chomping Italians had entered the States before the turn of the 20th […]

4 min read

Investing

Meme War: GameStop, Hedge Funds & The Battle for Wall Street

Share this graphic on your site! Source: Expensivity MemeWar – The Battle for Wall Street What happened to GameStop stock was arguably wilder and more exciting than some of the video games it sells. GameStop’s GameStop (GME) stock was trading around $18 in early January 2021 Elon Musk tweets “Gamestonk!” which drew extra attention to […]

4 min read

Business Economics Education Op-Ed

In Defense of Merit: Why a Free Society Needs to Resist the Assault on Merit

Merit has become a dirty word. Almost as bad as privilege. It has come to mean an unfair advantage that threatens to overturn diversity, equity, and inclusion. To reward someone for merit means not rewarding someone for failing to exhibit merit. Merit, by its very nature, is not easily won, regardless of what the rules […]

9 min read

Inflation

Sports Salary Inflation: What Decades of Data Reveal

Professional sports stars have seen tremendous earnings growth over the past several decades. Where professional major-league athletes once had to work off-season jobs just to make ends meet, their per-season salaries and bonuses now amount to many times what the average American family can expect to earn over the course of a lifetime. Sports salary […]

9 min read

Business Economics Money Op-Ed

Titans of Industry, Old and New

We all reflect the times in which we live—even the most influential and powerful among us. It is just that most lives whisper in 8-point type, in keeping with a modest place in the scheme of things, while the makers of history shout in 72-point size. For this reason, the study of “parallel lives” from […]

6 min read