There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock bottom levels, as they have for the last six years?
In this episode of the weekly Budget & Tax News podcast, managing editor Jesse Hathaway takes a leap into the Final Frontier, talking with Texas Tech University economics professor Alex Salter about how current international legal policy and basic economics are causing a potentially deadly problem in the skies: space junk.
A fundamental function of domestic policy is to facilitate better standards of living and minimize poverty. Yet favored urban planning policies, called “urban containment” or “smart growth,” have been shown to drive the price of housing up, significantly reducing discretionary incomes, which necessarily reduces the standard of living and increases poverty.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News, speaks with Norbert Michel. Michel is a research fellow at the Heritage Foundation. Michel joins Hathaway to discuss Bitcoin, an innovative digital currency that’s growing in popularity.
When is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that virtually any demand, no matter how great, can be satisfied. Or when no matter how large or small the supply of it may be, people’s demand for it is so low that nobody is willing to practically pay anything for it.
As is clear from the rise of Donald Trump, Ben Carson, and Carly Fiorina in the Republican presidential primaries and the groundswell of support for socialist Bernie Sanders among Democrats, a large portion of the American public has become fed up with the national government’s apparent takeover by powerful special-interest groups. Each new day brings another story of bad legislation and worse court decisions giving certain classes of people advantages denied to the rest of the people.
Germany and the United States are embarking on two drastically different energy policies, and these countries are reaping dramatically different results. In Germany, the government devised a top-down plan called Energiewende, a term meaning “turn” or “revolution,” intended to make Germany the renewable-energy center of the world. The United States has experienced its own energy revolution thanks to hydraulic fracturing, also known as “fracking,” which has transformed our nation into the largest producer of oil and natural gas in the world in spite of, not because of, the federal government.
The FCC’s latest legal brief defending its Open Internet Order, will represent the FCC’s “strongest possible” legal arguments for its Title II net neutrality case – a vainglorious legal fortress.
For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.
Lawmakers in Congress introduced a plan to apply sales taxes to Internet purchases, hoping this time they’ve ironed out the problems that scuttled previous attempts. They haven’t, and this attempt at grabbing e-commerce tax revenue has the same flaws as previous attempts.
With the seventieth anniversary this year of the end of the Second World War, a number of commentators have focused on the presumed “unity” of America seven decades ago to “win the war” against global tyranny and international aggression by Nazi Germany and Imperial Japan. Individuals put aside their individual personal and petty interests to support and fight for a “greater collective cause.”
In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Mercatus Center monetary policy program director and Bentley University economics professor Scott Sumner about the American stock market’s recent up-and-down volatility, the increasing threat of an international economic recession, and how our country’s centralized banking policies make the problem worse.
In a recent article promoting his Protect Our Public Lands Act, Rep. Mark Pocan (D-Wis.) argues the government should ban hydraulic fracturing on public lands. Pocan cites concerns about potential environmental and economic impacts of horizontal hydraulic fracturing, also known as “fracking,” and raises concerns about fracking in national parks. The article has critical shortcomings regarding the environmental and economic impacts of fracking, and it misrepresents oil and gas activity in national parks.
In rural North Carolina, Lyndon McLellan runs the L&M Convenience Mart, a small gas station and restaurant, half a mile outside the limits of Fairmont. In the summer of 2014, every last penny of McLellan’s business bank account was drained by Internal Revenue Service (IRS) agents, on the pretext McLellan was attempting to conceal evidence of money laundering.
The crude oil export ban was signed into law in 1975 in the wake of the Arab oil embargo that brought long lines for gasoline and high oil prices. Today, by contrast, hydraulic fracturing, also known as fracking, has made the United States the world’s largest producer of crude oil. The outdated export ban puts U.S. oil producers at a competitive disadvantage with other countries, and may actually serve to increase gas prices at the pump.
Right now, while this Title II net neutrality horse race is still being run, the FCC and their political backers are high-fiving everyone in their loge viewing box, because they think that their strong race start means that they have already won the race.
The climate alarmists are practically giddy over Pope Francis’ recently released “climate encyclical”—remember, these are, generally, the very same people who dis the church and its position on abortion, the origin of life on earth, and the definition of marriage. Even Al Gore, who admits he was “raised in the Southern Baptist tradition,” has declared he “could become a Catholic because of this Pope.”
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Merrill Matthews, Jr. Matthews, Resident Scholar at the Institute for Policy Innovation and a contributor at Forbes.com, also serves as Vice Chairman of the Texas Advisory Committee of the U.S. Commission on Civil Rights. Burnett and Matthews discuss the foolish policy decisions the Obama administration has undertaken on energy policy.
While President Obama promotes renewable energy and members of Congress argue about energy policy, a renewable energy disaster is unfolding in Europe. Driven by a desire to halt climate change, Europe has created a high-cost energy system where everyone loses. U.S. policy leaders should learn from the debacle occurring overseas.
In today’s edition of The Heartland Daily Podcast, National Center for Policy Analysis health care policy expert Devon Herrick joins Managing Editor of Health Care News Kenneth Artz. Herrick and Artz discuss how the policies of the U.S. Food and Drug Administration (FDA) are needlessly driving up the cost of generic Drugs.