Will Foxley Smith

Will Foxley Smith is an editorial intern from Grove City College. He studies economics and history and is a participant in the Young Writers Program.

German Bank

The Low Down on Big Tech’s Troubles

 

Mainstream big technology companies’ market value has exploded in 2018. At first glance, the rise seems understandable. The technologies developed are ubiquitous. When taking a closer look at the numbers, with particular reflection on the 2008 financial crisis, some serious questions arise pertaining to consumer sovereignty, growth longevity, and inflation. These dangers may pop the […]

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Apple

Golden Delicious: Apple Inc. Hits $1 Trillion

 

Apple Inc.’s stock value topped one trillion dollars yesterday. Apple gained 2.9% from its opening, briefly tipping to one trillion, followed by a selloff. The stock ended the day above one trillion at $207.39 a share. The first member of the FAANG (Facebook, Amazon, Apple, Netflix, and Alphabet’s Google) pack to reach the symbolic mark, […]

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Congress on Crypto: Is Bitcoin the Future of Money?

 

On July 18, the U.S. House Committee on Financial Services conducted its second hearing on digital currencies with an almost exclusive focus on cryptocurrency. Chairman Andy Barr (R-KY) focused the committee on two questions: 1) Are digital currencies going to have only a niche appeal or will they fundamentally change the economy and 2) how […]

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Slap on the Wrist or Slap in the Face? EU Fines Google $5 Billion

 

If you searched ” Google” on Google yesterday, two headlines would appear. First, the European Union levied a 5.1 billion dollar anti-trust fine against Google regarding its Android operating system. Second, Google unveiled plans to lay an additional trans-Atlantic cable from Virginia to France. Assuming that trust busting is economically beneficial, the EU’s actions against […]

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Trump Tariffs Only Tip of the Iceberg for China

 

China can’t get out of its own way. At a Foreign Affairs Congressional Hearing last Wednesday, a panel of congressman and economists agreed that action needs to be taken against China’s “predatory trade practices.” What that looks like, however, is up for debate. Luckily for the panel, they may not have to decide. Will the Year […]

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Hades in Haiti: Pillaging Port-au-Prince

 

This past weekend, the Haitian government, headed by Prime Minister Jack Guy Lafontant, announced price spikes on oil products. The economic shock has rocked Haiti, inciting the worst riots since the coup d’état of the early 1990s. Haiti, the most impoverished country in the Western Hemisphere, continues to be the victim of government planning and financial recklessness. […]

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Lefty Down South: Obrador Wins Mexican Presidency

 

Andrés Manuel López Obrador of the Morena Party, the Spanish short for the National Regeneration Movement, won 53.4% of the vote, securing his spot as Mexico’s next President. Riding on a wave of anger and desperation, Obrador more than doubled the next aspirant’s vote. To the electorate, the norm in Mexico will no longer do. […]

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Different Continent, Same Policy: Venezuela, the Fed, and Hyperinflation

 

Venezuela hit a new high (low?) last Thursday—coffee is at one million a cup. Maduro’s economic policy has been doing work. Indeed, the last few years have witnessed the Great Commission of Maduro’s miserables. Three million strong, starving, jobless economic refugees have spread throughout the region bearing the Gospel of Socialism. Hyperinflation may be impressive, […]

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Denver or Bust! The Race for Colorado’s Governorship

 

Colorado’s primary Tuesday cut the competition for governor from eight hopefuls to two. U.S. Congressman Jared Polis (D) will face off against term-limited State Treasurer Walker Stapleton (R) for the keys to the Golden Dome in November. Colorado, which has been perhaps the most purple state in the Union for the past twenty years, will […]

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Smokey Bear the (Unwitting) Arsonist: Western Wildfires and the Culture War

 

“We held then, and we hold now, that economics alone is not a sufficient basis for determining whether wilderness shall survive or die,” said Secretary Orville L. Freeman in reference to the construction of Interstate 70 in Colorado in 1968. This sentiment, imbued with an almost religious confidence, embodies the defiant attitude of liberal environmentalism […]

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