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Economics

  • The Dangers of Mandatory Paid Leave

    The Dangers of Mandatory Paid Leave1

    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’

    Social Security Is a Terrible ‘Investment’0

    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

    Bernie Sanders, Not Jeff Bezos, Is the Face of Greed0

    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

    The Coronavirus Could Hurt the Chinese Economy for Years0

    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

    Democratic Candidates Want to Triple the Minimum Wage0

    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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  • A College President’s Advice to College Students: Don’t Borrow

    A College President’s Advice to College Students: Don’t Borrow0

    Back in 2017, I started regularly leaving my office at West Texas A&M University in Canyon, Texas, to speak to high school students in the Texas Panhandle. This past fall, I did the same thing in the South Plains. These two areas are the northern most 46 counties in the state of Texas. Driving a

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