Politicians, the media and more than a few economists rather haphazardly toss around the word “monopoly.” Ray Keating sets the record straight on what a monopoly actually is, and no, Apple, the NFL and Major League Baseball are not monopolies.
Tune in at http://www.buzzsprout.com/155969/707801-episode-12-no-apple-and-the-nfl-are-not-monopolies
"The goal is for this to be a place for respectful discussion; informed criticism; Christian orthodoxy; sound economics; traditional conservatism; civilized politics; interesting reviews of books, movies, television and streaming shows, and other artsy stuff; sports analysis; humor; fun; and more." - Ray Keating, editor, publisher, columnist and economist at the Keating Files
For about 20 years, Ray Keating wrote a weekly column - a short time with the New York City Tribune, more than 11 years with Newsday, another seven years with Long Island Business News, plus another year-and-a-half with RealClearMarkets.com. As an economist, Keating also pens an assortment of analyses each week. With the Keating Files, he decided to expand his efforts with regular commentary touching on a broad range of issues, written by himself and an assortment of talented contributors and columnists. So, here goes...
Monday, May 21, 2018
Thursday, May 10, 2018
Free Enterprise in Three Minutes Podcast - Episode #11: The Economy Is Not a Zero-Sum Game
Free Enterprise in Three Minutes Podcast - Episode #11: The Economy Is Not a Zero-Sum Game
The economy is not like poker, not like a sports game, and not about zero-sum thinking. This point matters because all sorts of bad economic ideas are rooted in mistaken zero-sum thinking, that is, the misguided idea that if one person gains in the economy, another person must lose.
Please tun in at http://www.buzzsprout.com/155969/700723-episode-11-the-economy-is-not-a-zero-sum-game
The economy is not like poker, not like a sports game, and not about zero-sum thinking. This point matters because all sorts of bad economic ideas are rooted in mistaken zero-sum thinking, that is, the misguided idea that if one person gains in the economy, another person must lose.
Please tun in at http://www.buzzsprout.com/155969/700723-episode-11-the-economy-is-not-a-zero-sum-game
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