The defining characteristic of socialism is collective ownership of property, particularly in productive resources of land, labor and capital.
Shareholders vs. stakeholders? A distinction without a difference?
Even the most horrendous human tragedies can have a silver lining—that is, if government policies don’t get in the way.
Could President Trump’s decision to escalate trade tensions with China cost him re-election? If history is any guide, it probably will.
Since at least the time of John Maynard Keynes, if not earlier, economic pundits have been looking for a “golden” economic signal that predicts economic downturns.
Any tariff the United States imposes on foreign imports can be offset by interventions in the currency market.
The budget deal signed into law by President Trump spotlights the federal government’s fiscal irresponsibility.
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Pick your poison: dysfunctional incentives for those who receive benefits or massive budget-busting programs.
With more than 20 candidates for president and perhaps more in the offing, lots of wacky policy proposals to redistribute income are bound to emerge.
Investors now predict a 100% chance that the Federal Reserve will lower its interest rate target at its next meeting on July 31. The impending interest rate cut is a reversal of the Fed’s recent policy stance.
Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.
Extending overtime pay to millions of Americans who aren’t currently eligible will burden millions of American businesses. But workers probably stand to lose the most.
The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.
The statue’s boosters are trying to raise $262,000 to ensure its permanent presence. Critics argue Ann has had her day and the funds could be better used elsewhere.
While we honor the remaining nonagenarians who bravely fought at the beaches of Normandy, let’s not forget that the odious philosophy they fought against, National Socialism, still has traction in some circles.
If President Trump’s new round of tariffs–this time aganst Mexico–is implemented, it will raise costs for producers, lower returns for investors, raise prices for consumers, and destroy jobs.
Because a worker can pick a greater mass of strawberry with each muscle movement, a bigger berry–like machinery–substitutes for more expensive labor.
Over the last 15 years, total student loan debt exploded from $600 billion to more than $1.5 trillion and now exceeds credit card debt.
Where do dire prognosticators go wrong? We think it comes from seeing the world economy as a zero sum-game.