The electronic payments industry has revolutionized worldwide markets, making services like Amazon, Uber, Airbnb, and touch and pay systems possible. As the industry grows and innovates, consider the effects of this technology on the US economy.
A new report from the Government Accountability Office, a nonpartisan government agency tasked with auditing, evaluating, and investigating government affairs for Congress, faults the Internal Revenue Service for failing to properly secure taxpayer data, leaving taxpayers’ private information at the mercy of hackers, both domestic and foreign. The report, delivered to IRS chief John Koskinen on March 28, says the IRS has failed to make recommended improvements to its financial and information-technology procedures.
In this episode of The Heartland Daily Podcast, managing editor and research fellow Jesse Hathaway talks with Salisbury University associate professor of economics Dustin Chambers about a new paper published by the Mercatus Center, examining how federal regulations affect the prices of consumer goods, and consumers themselves.
In this episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Electronic Frontier Foundation staff attorney Sophia Cope about the Federal District Court for the District of Central California’s recent demand that Apple, the $700 billion tech company producing consumer products like the iPhone and iPad, assist the Federal Bureau of Investigations with their investigation into the December 2, 2015 San Bernardino terrorist attack by devising a way to unlock the deceased terrorist’s iPhone without a password.
Hosts Donny Kendal and John Nothdurft continue to explore the world of think tanks in episode #27 of the In The Tank Podcast. This weekly podcast features (as always) interviews, debates, roundtable discussions, stories, and light-hearted segments on a variety of topics on the latest news. The show is available for download as part of the Heartland Daily Podcast every Friday. Today’s podcast features work from the James Madison Institute, the Mercatus Center, the John Locke Foundation, the American Energy Alliance, and Reason.
Let me try to explain to a consumer what the Federal Communications Commission (FCC) arbitrarily has done, and apparently intends to do, for consumer internet privacy protection going forward.
Supporters of education reform who advocate for government-funded choice mechanisms, such as vouchers, tend to argue the problems in K–12 schools in the United States are primarily economic matters, not pedagogical. This view is validated by much data, but the concept ought to be extended further to say the economic marketplace in which K–12 education operates needs more than vouchers to become as efficient as it needs to be to deliver a quality education to each and every child.
In today’s edition of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Berin Szoka, president of TechFreedom, a non-profit organization devoted to promoting the progress of technology that improves the human condition, about how regulators both at home and abroad are using the power of the state to combat zero-rating, a kind of sponsored-data plan where access to popular web applications like Facebook or streaming video services is made available to consumer at no cost.
If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not the government.
Personal choice and freedom of association are two fundamental and essential principles of any truly free society, and this includes a free market workplace. Unfortunately, the Obama Administration is spending taxpayer dollars to undermine those principles in other countries around the world.
The U.S. government’s Internet priorities in Europe are upside down. It has chosen bits over bodies, prioritizing protecting the neutrality of innumerable inanimate Internet bits over protecting peoples’ privacy and personal data.
Beginning in 1983 the government changed its method of calculation to show lower inflation by excluding food and energy, claiming they were too volatile to be reliable indicators. The result is the so-called “core inflation” CPI, which is a favorite of the Federal Reserve. The latest figure for this CPI reported by the Bureau of Labor Statistics is 0.4% (for August and also July), but if calculated by the method used in 1980 the inflation rate would be 7½ percent, as shown by Shadow Government Statistics (ShadowStats.com).
Northern Virginia has experienced strong and consistent population growth over the past decade. Loudoun County grew more than any other county in the commonwealth over the past three years and recently became Virginia’s third most populous county. A booming population has led to growth in Northern Virginia’s economy, with competitive markets developing in all manner of industries, save one: health care. A single provider that has developed a near-monopoly, Inova, dominates health care in region.
How many times has government royally messed up something? And not fired anyone? Or done anything that remotely resembles improving their performance? Oh so very often. In part because they don’t care – once they have the power, they don’t care what happens to us. In part because they are too busy planning their next grabs.
Fresh off a $2 billion profit in 2014, utility giant Exelon is attempting to strong-arm the Illinois legislature into placing new restrictions on lower-cost electricity competitors. If Illinois lawmakers don’t meet Exelon’s demands, it is threatening to shut down operations at three of its six Illinois nuclear power plants.
“There’s a war here,” the New York Times columnist proclaimed at a food conference last year. His battle is America’s next social justice crusade much like civil rights and suffrage. But this time, the oppressors are McDonald’s, Wal-Mart and Monsanto. From soda to sugar to meat, Bittman has declared war on nearly every ingredient in the American food system.
Old fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is significant unemployment and slow economic growth it must be due to not enough consumers’ spending in the economy, what Keynesian economists call a “failure of aggregate demand.”
Most people instinctively understand when government shelters companies from competition it is ultimately the consumer who suffers from higher prices, lower quality, or both. Unfortunately, this bit of common sense hasn’t made much difference in the minds of those arguing Indiana should impose a moratorium on new nursing home facilities and beds.
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.