The Congressional Budget Office (CBO) reported in early May that for the month of April 2015 the Federal government ran a budget surplus, taking in more in taxes than it laid out in expenditures. Don’t be fooled by one month, especially when it was a month when people filed and pay their taxes. Government deficits and growing debt are on the horizon for as far as the human eye can predict.
Democratic Party strategist Robert Weiner claims inexpensive domestic oil production via hydraulic fracturing will cause a new Great Depression, yet exactly the opposite is true. Writing in the Lynchburg, Virginia-based News & Advance, Weiner and his colleague Hannah Coombs strangely argue that Americans taking advantage of abundant, affordable energy resources is bad for the economy and will destroy our standard of living. In reality, Weiner and Coombs provide a perfect illustration about how anti-science, anti-fossil fuel hysteria drives leftist crusades against global warming, domestic oil production, and other asserted environmental causes.
Without investment, everything economic collapses. Stasis is death. We must constantly create and innovate to move forward our massive $14-trillion-per-year economy. That takes lots and lots and LOTS of speculative capital.
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.”
Commenting on the rioting in Baltimore, the Wall Street Journal’s Daniel Henniger was almost to the end of his April 30 text when he said “On Wednesday morning, the year’s first-quarter GDP growth rate came in—0.02%. Next to nothing. For the length of the Obama presidency, with growth significantly below norm, unemployment for blacks aged 24 and younger has hovered between 30% and 40%. That’s the real powder keg, not the police.”
Likely the least regulated private economic sector going into the Age of the Barack Obama Administration – at least at the federal level – was the Internet. Which is largely why the Web has become an ever-evolving, free speech-free market Xanadu.
As demographers have projected for some time, China’s population growth is slowing. The nation gained population at a rate of 0.49% between 2010 and 2013, according to data from the National Bureau of Statistics. This is a reduction from the rate of 0.57% between 2000 and 2010. Further growth rate declines are expected until the 2030s when the total population, according to United Nations projections, will actually begin to decline.
In Today’s edition of The Heartland Daily Podcast, Director of Communications Jim Lakely speaks with the Managing Editor of Environment and Climate News H. Sterling Burnett. Burnett and Lakely discuss a variety of environmental topics.
Here in the United States, Net Neutrality exponentially increases the government’s ability to tax the Internet. Starting with the 17.4% Universal Service Fund (USF) tax. Which goes up automatically every calendar quarter. And goes up each and every time three unelected Federal Communications Commission (FCC) bureaucrats decide they want more of our coin. Which they just did in December –with a 17.1% rate increase.
A new report by the National Association of Scholars shows how popular the sustainability movement has become college and university campuses in the United States and around the world, since the movement was formally organized on college campuses in 2006. The NAS’s study argues, the movement poses a serious threat to liberal education and to political and economic liberty.
In today’s edition of the Heartland Daily Podcast, Managing Editor of Environment and Climate News H. Sterling Burnett talks with Randy Simmons. Simmons is a professor of economics at Utah State University. Simmons and Burnett discuss two studies he and his colleagues have done examining the economic impact Renewable Energy Mandates have had on the economies and people living in Kansas and North Carolina.
There is in Indiana (and elsewhere) no religious freedom “tension” with respect to their Religious Freedom Restoration Acts. There is only government dramatically overreaching. The Constitution mandates government make no law abridging the freedom of religion. The Constitution mandates government its own self treat everyone equally before the law. The Constitution does not empower the government to mandate that every individual treat every other individual equally.
America’s cities (metropolitan areas) changed radically since the dawn of World War II. At that point, cities were dominated by their core municipalities (central cities), around which people traveled much greater percentages by transit and lived in much higher densities. Automobile oriented suburbanization had increased rapidly in the 1920s, but was slowed by the economic upheavals of the 1930s.
Over the past few years, innovative new services such as Airbnb and Uber have sprung up across the nation, creating what’s been termed the “sharing” economy or “peer-to-peer” economy. These services have endured varying levels of resistance from local and state governments, as lawmakers have applied 19th- or 20th-century modes of regulatory theory to 21st-century technologies.
How would you feel if you or your child became sick with a potentially deadly disease such as the measles, mumps, or whooping cough because the governor of your state banned the vaccines preventing these diseases in deference to a small yet vocal group of anti-vaccination activists who claimed these vaccines cause autism, even though the “science” they cite has been thoroughly discredited?
In this episode of the Budget & Tax News podcast, managing editor, Jesse Hathaway is joined by Heartland Institute policy advisor and Johnson & Wales University associate economics professor Adam C. Smith. Smith and Hathaway discuss Virginia’s recent legalization of sharing-economy transportation companies Lyft and Uber.
The carnival in Rio de Janeiro from February 13 through the 17th was one heck of a party. It was celebrated by the locals, plus an estimated one million visitors, complete with fabulous parades, street parties and balls. Brazil is blessed with some great beaches, the most famous of which is Ipanema, thanks to the 1962 bossa nova classic “Girl from Ipanema”.