Trump backs off his decision to tax Bibles

Is President Trump finally beginning to understand how tariffs harm Americans? On Tuesday Trump said he was backing off his September 1 deadline for 10% tariffs on some Chinese imports. “We’re doing this for Christmas season, just in case some of the tariffs would have an impact on U.S. Continue Reading...

Drucker on the church that puts economics in perspective

This is the second in a series of essays on Peter Drucker’s early works.  In The End of Economic Man, Peter Drucker was impressed (not pleased, but impressed) with the ability of fascists and communists to gain the support of millions of people by offering an alternative to economic status within a society. Continue Reading...

Freedom vs. the new freedom: Reflections on the early Drucker

Peter Drucker’s first book, The End of Economic Man (1939), attempted to explain the growing appeal of fascism and Marxist communism in the first half of the twentieth century. For example, he wrote: The old aims and accomplishments of democracy: protection of dissenting minorities, clarification of issues through free discussion, compromise between equals, do not help in the new task of banishing the demons. Continue Reading...

Magic cards and market forces

Back in the 1990s, the debut of Magic: The Gathering marked a new form of gaming: collectible card games. While many may remember it similarly to Pogs, for example, Magic survived where Pogs did not. Continue Reading...