Bill Barber has been teaching Economics and Business courses to college students for nearly forty years. He has served as a Dean and Vice President of Academic Affairs during the course of his career. He has a particular interest in economic history and the evolution of economic ideas. He believes the current political debate about the merits of Capitalism versus Socialism was an inevitable destination we had to arrive at in order to resolve fundamental economic disagreements that have existed for almost 200 years. He received his PhD in Economics from Wayne State University in Detroit, Michigan.
Donald Trump has promised quick action on a number of fronts upon being sworn in as President. One of his statements after he won the election was, "Promises made, promises…
They want to build a baseball stadium. In Las Vegas. To play baseball. In the summer. When the temperature is regularly in the triple digits. A very large stadium. That…
What happened on January 6, 2020 has been alternatively described as an insurrection, a rebellion, an insurgency, and a coup attempt. As accurate as these descriptors may be, I believe…
Given the rise of powerful anti-democratic forces across the country and across the globe, it can be all too easy to catastrophize about the demise and death of democracy. Trumpism…
In 2002, Michael Jackson dangled his nine month old son over the edge of a fourth floor balcony of the Hotel Aldon in Berlin so paparazzi and fans could see…
The Brownshirts were a paramilitary group organized by Adolph Hitler in the early 1920's to intimidate, threaten, and do violence against his political opponents. Many of the members of the…
In a recent press conference, Republican House Whip (the No. 2 Republican in the House) Steve Scalise described the United States as a nation with numerous crises confronting it. He…
Americans have gone on a gun buying spree. The New York Times reports that in March of last year, federal background checks, which serve as a proxy for purchases, exceeded…
So what's going on with GameStop? This blog will explain for the novice what all the hype is about. To begin, let's talk about being long or being short (short…
The United Kingdom (UK) voted to leave the European Union (EU) with a final exit date set for December 31, 2020, just two weeks away. The European Union, formed in…
Fifteen Asia-Pacific countries just signed the largest trade agreement in history, the Regional Comprehensive Economic Partnership. These countries account for 30% of global Gross Domestic Product. This agreement is in…
When Donald Trump became President, he made clear the type of people he wanted on his economic team: “I want people that made a fortune!” “...in those particular positions, I just…
In my previous blog I discussed that elections have become increasingly close in recent years and tied this to advancements in technology. Despite the fact that elections have become closer,…
Over the last 50 years, there has been an increasing acceptance of the Efficient Market Hypothesis by investors. The hypothesis states that efficiency in financial markets results in prices always…
Between 1854 and 1861 Kansas was torn apart over the issue of slavery. The Kansas-Nebraska Act of 1854 established that the determination of whether a territory would allow slavery would…
The Constitution says little about the Supreme Court. Much less is written about the Court than either the Executive Branch or the Legislative Branch, both of which are dealt with…
In 1952 Norman Vincent Peale published his book The Power of Positive Thinking: A Practical Guide to Mastering the Problems of Everyday Living. Peale contended that the replacement of negative…
Isn't it ironic, curious, and amusing how often popular culture can mirror what's happening in the real world? Batman wears a mask; Biden wears a mask.Batman fights for truth, justice,…
A firey spirit, with a commitment to truth, a glow of trust, and a hearty "We can do it!" Joe Biden A central issue in the Presidential campaign has been…