When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and has largely shrunk from her primary responsibility of neutralizing the ambitions of petty dictators around […]
Many economists, politicians and pundits assert that median wages have stagnated since the 1970s.
The foundation of BB&T’s success is its principles.
Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.
One of the biggest, and one of the oldest, taxes is inflation. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years.
Why does anyone use bitcoin and what accounts for its popularity in some countries and industries?
Another view on Bitcoins.
Risky as this new currency may be, I still trust it more than I trust politicians.
Far more important than income inequality is productivity inequality.
The politics of the minimum wage are simple. No congressman or president owes his office to the poorly educated black and Latino youth vote.
It is not just in politics that the non-existent “trickle-down” theory is found.
It’s as if the concept of “too big to fail” has evolved into the belief that some bubbles are too big to pop.
All that glitters is not gold.
The proper role of the government is not to tell companies what to produce and sell and to consumers what to buy.
Justice demands that people are compensated on the basis of performance, not on the basis of their need or of the egalitarian ideal dominant in today’s culture.
Business executive Michelle Freeman recently spent a night shivering in the cold with homeless teenagers. What “good” will that achieve when the teenagers can’t find work? What moves wealthy individuals to do “penance” for their wealth?
The Patient Protection and Affordable Care Act—otherwise known as ObamaCare—is almost four years old. Despite the technical troubles, what every American should know about the law is that whatever its provisions, whatever the press propagandizes or reports, the individual has no control of, or choice in, health insurance or medicine. Not if you’re a doctor, patient […]
Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.
Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.
Under Calvin Coolidge, the ultimate in non-interventionist government, the annual unemployment rate got down to 1.8 percent. How does the track record of Keynesian intervention compare to that?