Slowly but surely, Washington is waking up to the idea that the current surge in populism is not some flash in the pan, but a real and sustained trend in politics on the right and left. Distrust and frustration with an economic and political system that rewards, defends, and bails out the wealthy, powerful, and well-connected while leaving the middle and working class to get squeezed by stagnant wages and the higher costs of the basic staples of life, has made things which were once considered humdrum politics as usual suddenly controversial.
Hillary Clinton’s memoir, Hard Choices, has failed the one test even the Obama White House cannot rig (or simply chose not to do): book sales numbers. Although the legacy media have commonly characterized sales of her book as lukewarm so far, the numbers are significantly worse than that, considering her name-recognition and public prominence.
The state of Virginia has stepped up its attack on ride-sharing services Uber and Lyft. It’s just the latest example of crony capitalism and government favoritism toward the wealthy and powerful.
Heartland’s Steve Stanek talks with Erin Shannon, director of the Center for Small Business at the Washington Policy Center, about Seattle’s recent minimum wage increase. The Seattle City Council unanimously[...]
National Center for Public Policy Research Risk Analysis Director Jeff Stier is responding this week to a range of stories bubbling up in the news and in social media recently that have one common denominator, according to Stier: “ideologically-driven scares.”
President Obama’s own Administration officially reports that the U.S. economy DECLINED by 1% in the first quarter of this year. That follows 1.9% reported total annual growth for all of[...]
President Obama seems committed to forcing the minimum wage up through federal intervention. If he succeeds, it will only damage the economy further, resulting in higher unemployment and less growth. Here are four reasons a minimum wage is a bad idea.
In our world of laptops, iPads, flat-screen TVs, microwaves, and jet-skis, it is easy to forget that 1.3 billion people on this planet, nearly one in five overall, do not have access to electricity. Even fewer people have access to clean cooking areas, as 2.6 billion people (38 percent of the world’s population) use traditional biomass—such as wood and animal dung—or coal indoors to cook their meals. As a result, indoor air pollution prematurely claims 3.5 million lives every year, more than double the lives claimed by either malaria or HIV/AIDS. These people are victims of energy poverty.
Republicans have not unified behind a single bill to replace Obamacare because conservatives have been debating among themselves exactly what the components of that bill should be. The ongoing collapse[...]
Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures. The resulting inflations have often undermined the social fabric, ruined the economy, and sometimes brought revolution and tyranny in their wake. The political economy of the French Revolution is a tragic example of this.
A debate on immigration policy was held recently in Chicago between a conservative and a libertarian. It was an exercise between light regulation and lighter regulation. Both regimes would enlarge the programs for highly skilled foreigners and temporary workers and tighten the border with Mexico.
A new book by French economist Thomas Piketty on “Capital in the Twenty-First Century” has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx’s claim that capitalism inescapably leads to a worsening unequal distribution of wealth with dangerous consequences for human society.
From his first great insight into racial discrimination, through subsequent insights into schooling, the family, crime, addictive behaviors and even suicide, Gary Becker re-unified the social sciences, with economics as the King, mathematics as the Queen and statistics as the Jack.
Few French economists have achieved the kind of adulation Thomas Piketty has experienced recently from the media and the left. Within the context of the American political scene, Piketty’s dour predictions for the future of capitalism and his call for a “utopian” global wealth tax fit perfectly with the left’s frame of an inequality message.