By Luigi Bradizza
How did our nation go from having a high-growth economy in the 19th and early 20th centuries, to struggling in recent years to achieve 3 percent annual growth?
The American economy today is mixed: It is partly free, vibrant, prosperous, and entrepreneurial and partly unfree, obstructed, and lethargic.
Continue reading “HOW THE LEFT MISUNDERSTANDS FREE MARKETS”
Hillary Clinton and other liberals talk a lot about the surplus when Bill was President. They use it as an example that there would be surpluses if Hillary were President. There is one problem with that ‘example.’ It never happened. The Clinton Surplus is a myth.
Continue reading “THE MYTH OF THE CLINTON SURPLUS”
By Howard Baetjer
Pretend you are a poor, single parent of two in Chicago, earning $12 an hour, working full time, and determined to do what is best for your family. And suppose your employer, impressed with your work, offers you training for and promotion to a new job paying $15. Should you take the offer?
It sounds like a no-brainer, but it’s not.
Continue reading “THE WELFARE CLIFF: WHY MANY LOW-INCOME WORKERS WILL NEVER OVERCOME POVERTY”
I have been a student and proponent of The Austrian School of Economics since I studied economics at UCLA. When reading about Keynes economics theories of government deficit spending and then comparing his theories to the free-market theories of The Austrian School, I couldn’t see, even as a student, how anyone could think that Keynesian economics would work in a free society. I know that John Maynard Keynes developed his theory as a solution to the Great Depression. More government spending, he theorized, would put more money into the economy and pull us out of the depression. It didn’t work. It kept us in the Depression.
Continue reading “DID VIENNESE CULTURE SHAPE AUSTRIAN ECONOMICS?”
“Economically, minimum wages may not make sense. But morally, socially, and politically they make every sense because it binds the community together to make sure parents can take care of their kids.” ~ California Governor Jerry Brown, as he signed the Minimum Wage Increase Bill – April 5, 2016
I have news for Jerry Brown. If raising minimum wages doesn’t make sense economically it is immoral to sign it into law. He can say it makes sense morally, but it doesn’t. If something doesn’t make sense economically, why would you disrupt the economy, force people to lose their jobs, cause companies to move out of state, and hurt the people on the lowest economic rung? It is a completely immoral act.
Continue reading “AN EXAMPLE OF THE MORAL BANKRUPTCY OF THE LEFT”
Which Are Death Spiral States?
William Baldwin writes in Forbes that if your state has more takers than makers, you are in a death spiral state.
Continue reading “DEATH SPIRAL STATES”