Economics

Target’s Wage Floor Shows the Folly in Wage Fixation 0
- Economics
- March 10, 2020
Bonnie Furlong started working at Target in Harrisburg, Pennsylvania, more than seven years ago. Today, however, she’s making the same as new hires and less than she was before the Minneapolis-based retailer raised its wage floor to $13 an hour in June of last year. “The last time they raised it, they cut our hours,
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Tariffs Work 0
- Economics
- March 9, 2020
For decades, American political discourse has largely operated within the spectrum of opinions voiced by the editorial pages of The New York Times, The Washington Post, and The Wall Street Journal. Opinions not embraced by one of these newspapers were unlikely to advance very far, and those voicing such unapproved opinions were, sooner or later, likely to be denounced
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The Coming Coronavirus Stagflation 0
- Economics
- March 6, 2020
How should you position yourself to prepare for the coming financial upheaval that may result from the coronavirus? The coronavirus already has caused a supply shock that we have yet fully to comprehend. We can’t look into the future but we can look at the past. One possible way the interruption of Chinese manufactured goods
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AOC’s Pitch for the Green New Deal Is Unhinged From Reality 0
- Economics
- March 5, 2020
Democratic Congresswoman Alexandria Ocasio-Cortez recently gave an impassioned pitch for her “Green New Deal” on the floor of the U.S. House of Representatives. After stating that her opponents were misrepresenting the legislation, she read the full text of it into the Congressional Record and claimed that the reason it is “so, so controversial” is “because for years we have prioritized the
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Reexamining Free Trade Through the Lens of Coronavirus 0
- Economics
- March 4, 2020
Free markets are notable for their efficiency. Over the course of time, they reward greater specialization that yields more production at a lower expense. Markets gave us the assembly line, overnight delivery, and lower prices for necessities like food and clothing. Appeals to efficiency also figure prominently in the defense of free trade. This is
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Do You Live in a Sunshine City or a Sinkhole City?0
- Economics
- February 28, 2020
Truth in Accounting has released its 2020 report on the Financial State of the Cities, which ranks the fiscal friendliness of the 75 most populous cities in the country according to their Taxpayer Burden or their Taxpayer Surplus. Here’s how the nonprofit fiscal watchdog group describes how it determines whether a city imposes a burden on
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