The tongue is a discerning instrument; in the hands of a traveled soda aficionado, it is capable of leading to insightful truths about politics. To the drinker who has imbibed foreign sodas, this...
Max Raskin
Latest work
On the free market, consumers drive production, whereas under a system of protectionist corporatism, politicians and bureaucrats guide the market. With free competition, companies best able to satisfy consumer demand are the ones that expand production and stay in business; the consumer is king.
The price of the zinc required to mint pennies has been steadily increasing; the cost of producing a penny is now 1.7 cents — it costs nearly two pennies to make one. This has led many to question the continued existence of the penny and suggest it be abolished. Understanding negative seigniorage in economic terms will lead to an opposite conclusion: hundred dollar bills should be done away with.
