Michael D'Angelo

Since April, the Gulf Coast has been plagued with the BP Oil spill that has changed lives in the region for decades to come. The spill which was only recently contained claimed the lives of 13 oil-rig workers; local marine wildlife, and destroyed local marine businesses with a blink of an eye.1  Workers providing for [...]

To take a break from dynamic markets, and Fed inefficiencies; ordinary people can find ways to use the basic principles of Economics in their day to day activities. Now, I’m not talking about the supply and demand ratio of food to hunger, or indigestion to sweets; I’m talking about using this stuff to help find [...]

The Chinese influence.  This is a concept that so many people in the United States regard as a powerful growing force that will eventually take over the world.  The influence that I am talking about is China’s growth rate.  For the past forty years, China’s real GDP has grown at astonishing rates of 10% or [...]

Many of my views and beliefs parallel those of Ludwig Von Mises and Friedrich Hayek; two of the most well known Austrian Economists.  The belief behind the Austrian school has its roots in fundamental classical liberalism; not modern day liberalism (just so we don’t confuse the two).  One facet of the Austrian school that catches [...]

For the past decade, the idea of Global Warming and human consumption has been on the forefront of debate, legislation, and production ledgers of many companies.  While I am not here to debate the legitimacy of global warming; I do however want to speak about the fallacies of the environmentalist movement. The biggest problem I [...]

Health care is one of those things that everyone should be entitled to.  I mean, who wouldn’t want to have all their medical expenses paid for and not have to worry about the cost of getting sick in America.  Now, when I say “cost of getting sick”, I don’t mean the opportunity cost of burning sick [...]

Recently, a friend of mine recommended a rather amusing website to me.  This particular website is right up my ally; it is a site entirely devoted to opposing Michael Moore.  Some of the videos on this site make me sick because of how misinformed Michael Moore is. Most of the things Michael Moore is against [...]

Today I will conclude this series with my third installment of the Economic Implications of Socialism.  What follows is not verbatim from Dr. Maltsev, but paraphrased via my notes. The last major component of socialism in the Soviet Union was what Dr. Maltsev called “Monopoly of Thought”.  This was in essence a mirror image of what a [...]

Today I will continue with my second installment of the Economic Implications of Socialism.  What follows is not verbatim from Dr. Maltsev, but paraphrased via my notes. Continuing right where I left off; the catastrophic death toll was not the only consequence of Socialism.  The very teachings of Karl Marx were meant to be classified [...]

This past week, I had the privilege of attending a lecture with Dr. Yuri Maltsev of Carthage College.  Dr. Maltsev grew up in the Soviet Union and was an Economic advisor to Mikhail Gorbachev.  He was also part of the team that drafted the Perestroika plan.  Having been a key part of the Soviet Government, [...]