Economics

The Truth About ‘Socialism’ as Told by Scandinavian Leaders 0
- Economics
- February 21, 2020
It says a lot about the 2020 Democratic field when Michael Bloomberg’ defense of capitalism became a point of offense during his first presidential debate. “We’re not going to throw out capitalism,” Bloomberg said. “We’ve already tried that. Other countries tired that. It was called communism and it just didn’t work.” Senator Bernie Sanders, the self-described
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The Dangers of Mandatory Paid Leave 1
- Economics
- February 20, 2020
At a recent hearing on Paid Family Leave before the House Oversight and Reform Committee, Rep. Alexandria Ocasio-Cortez, D-N.Y., thought herself brave and appropriate to harangue the only free-market witness – one out of seven – there. Paid-leave advocates ignore (or refuse to acknowledge) the ample literature that shows what happened in countries and states
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Social Security Is a Terrible ‘Investment’0
- Economics
- February 18, 2020
Social Security, the primary retirement savings tool and biggest tax for millions of Americans, is a bad deal, critics contend. They argue that mandatory Social Security is a poor investment because it only provides an average annual income of some $17,000. This is a lousy return on the decades of tax payments, critics contend. They
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Bernie Sanders, Not Jeff Bezos, Is the Face of Greed 0
- Economics
- February 18, 2020
Until Bernie Sanders was elected mayor of Burlington, Vermont, in 1981, he had never held a steady job. Almost 40, he had been “virtually unemployed” his entire adult life. Those who knew Sanders before he was elected mayor say “he was always poor” and lived “just one step above hand to mouth.” Despite completing a
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The Coronavirus Could Hurt the Chinese Economy for Years 0
- Economics
- February 18, 2020
Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the
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Democratic Candidates Want to Triple the Minimum Wage 0
- Economics
- February 12, 2020
Tom Steyer, the billionaire longshot seeking to become America’s 46th president, says he’d push Congress to pass a $22 hourly minimum wage if elected. Steyer made the announcement on Sunday in Winnsboro, South Carolina, during a campaign block party, MarketWatch reports. The current federal minimum wage is $7.25. While other presidential contenders have called for
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