When Paul Ryan delivered this year's proposed Republican budget, the political response was predictable and divided.
Chances are, you’ve heard economics referred to as “the dismal science.” That unflattering description is glib and catchy; it is also 100 percent wrong.
So now we’ve seen Gingrich’s debating prowess and Romney’s tax returns, Santorum’s sweaters and Ron Paul’s scowl. We’ve heard the State of the Union according to Obama and the State of the State according to governors across the land. But how much does that really tell us about the shape America is in?
Americans like “freedom.” The very word conjures up powerful images: The Spirit of 1776, the allied victory in World War II, or the West’s victory in the Cold War that spread freedom beyond the Berlin Wall. But freedom isn’t always and everywhere on the march.
Economic freedom is often conflated with “business interests.” In reality, economic freedom is about promoting the individual’s interest. The Indiana State Legislature has great opportunity this year to advance economic freedom for our state’s individual workers.
The root of economic freedom is the recognition of the right to own private property. That includes the right to utilize it unmolested, to dispose of it without anyone's permission and to exclude anyone from it, even the government. Suffice it to say, no American president since the advent of the income tax and the Federal Reserve 100 years ago has fully accepted or meaningfully defended that right.
The worst news is that America’s decline is not just a one-year phenomenon. The chart shows how the U.S. has dropped from being a “free” nation to being a “mostly free” nation over a four-year period.
Netflix recently announced it had lost 800,000 subscribers in the third quarter of this year. No surprise there, really. The company effectively tried to double what it charged consumers, and many instead headed for the exit.
Economic theory is perfectly acceptable. But in the real world, economic <i>reality</i> is much more important.</
Our mainstream media have discovered a new issue: inequality in America. The gap between the wealthiest 1 percent and the rest of the nation is wide and growing wider.
Some of my friends in the conservative blogosphere have been ridiculing a New Yorker named Joe Therrien. I want to put in a good word for him. Therrien appears in the lead paragraph of a story in The Nation on Occupy Wall Street. He's an example, writer Richard Kim wants us to know, of the "creative types" ingeniously protesting capitalism.
Many Wall Street occupiers are echoing the Communist Party USA's call to "Save the nation! Tax corporations! Tax the rich!" There are other Americans, on both the left and the right -- for example, President Barack Obama and House Speaker John Boehner -- who call for reductions in corporate taxes.
The economic impact of federal "anti-dumping" rules is scrutinized, courtesy of the Cato Institute.
Here's one for the Guinness World Records people: Two New York City taxi medallions were sold last month for $1 million apiece. That's the highest price ever paid for the right to operate a car as a taxicab in The City That Never Sleeps. It's also an expensive lesson in the harm caused to consumers and would-be entrepreneurs by overregulation and the strangling of competition.
It’s about time the rich started paying their fair share, according to the “Occupy Wall Street” protesters. Those fat cats aren’t chipping in as much as the less fortunate. When are they going to start spreading their wealth around?
Did you know that Paul Krugman is more compassionate than you are? Or so he says.
Later this week, Heritage Action will release our first legislative scorecard, which will show which Members of Congress are saying the right things AND doing the right things. Conversely, those who say one thing and do another will no longer be able to hide. This will be a revealing barometer of a lawmaker’s willingness to fight for principled conservative policies in Congress.