In a classic case of regulatory overreach, the California Public Utilities Commission has notified three ride-sharing companies — Lyft, Sidecar and Uber — that their respective experimental new features violate state laws regarding chartered transportation.
Changing our country and its laws back to a manageable and sane state is more complicated than the average small-government advocate may think. One cannot simply look at the situation in black and white, right and wrong mindset. A longer term strategy must be established.
Did I know the owner of the Costa Rican company? No. Did I know anyone in Costa Rica? No. Did I have any particular affinity for that nation? No. To quote Joe Walsh (the James Gang, solo and Eagles musician, not the former Congressman):
Ain’t never been there – they tell me it’s nice.
You’ve got to admire the sheer audacity: Democratic Senator Mark Begich telling Alaska voters that he stood up to President Obama and fought for oil drilling and jobs in his state. Maybe he had a few chats.
You can probably name a few things you consider evidence of decline, but there is one you are not likely to notice much. It’s the nation’s infrastructure of highways, airports, waterways and ports. It’s only dramatic declines such as the decay of Detroit, once one of the nation’s most dynamic cities that get attention because it is so blatant. We judge the backwardness of third world nations by their bad roads and lack of infrastructure to support their economies.
Seniors in particular and those on fixed incomes in general, will be devastated should the United States Environmental Protection Agency’s carbon-dioxide regulations currently under consideration for new and existing power plants[…]
It’s no mystery why American companies have stockpiled over $2 trillion of overseas earnings in foreign bank accounts. If they bring it to the United States, the IRS would grab 35% of it. That’s the US corporate tax rate – the highest in the developed world, double the average in EU nations.
In a May 23, 1977 column for Newsweek, titled “A Department of Energy?” the late Nobel laureate economist Milton Friedman wrote: “Do not be misled into supposing that the energy problem is a purely technical problem that engineers can solve.”
European Union nations want to impose tougher economic sanctions on Russia for invading Ukraine and providing the missiles that shot down Malaysia Airlines Flight MH17. However, they are worried about biting the hand that feeds them – with the natural gas that fuels much of its economy.
One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left to live their own lives as they freely choose.
No one in Washington is taking the lead in addressing poverty and welfare reform like House Budget Committee Chairman Paul Ryan. Almost alone, he has noted that this year marks the 50th anniversary of the War on Poverty.
One of the underappreciated aspects of the current debate over corporate tax inversions is how it represents not just an opportunity for some progressive populism, but is just another aspect of the same view which motivates the left’s general disgust with Uber and other members of the sharing economy.
The business of business is business. But that does not mean a business should unconcerned with outcomes or the world around it. It is evident that business concerns form an integral part of every aspect of human interaction.
It is an old adage that there are lies, damn lies and then there are statistics. Nowhere is this truer that in the government’s monthly Consumer Price Index (CPI) that tracks the prices for a selected “basket” of goods to determine changes in people’s cost-of-living and, therefore, the degree of price inflation in the American economy.
The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
The total federal government spending in 2013 totaled $3,454,253,000,000—over $3.4 trillion—encompassing defense, highway and transportation costs, public education, immigration services, and government worker salaries, to name a few.
Political rhetoric in the United States, particularly on the right, has a strong tendency to focus on the incomparable economic freedom of Americans and American businesses. They portray the rest of the world as more socialistic and the American system as the closest thing to a free market economy operating in the world. Yet that is far from the truth. In fact, America is swiftly being supplanted as a preferred place of business by many other countries in the rich world.
For more than a decade, now, Federal Reserve policy has been guided by the fear of one economic bogyman: the presumed danger of “price deflation.” The fear is unfounded and the inflationary “solution” only leads to disaster.