Economics

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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A College President’s Advice to College Students: Don’t Borrow 0
- Economics
- February 11, 2020
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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The Impacts of China’s Coronavirus Extend Beyond Health 0
- Economics
- February 3, 2020
If the coronavirus in China spreads throughout that nation and abroad, it may bring more than sickness and death to that country and to the world. This epidemic may have dire consequences for the global economy as China is a world center for manufacturing. In “Markets Tumble Worldwide as Fears Over Deadly Viral Outbreak Grow,”
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Why Socialism Often Leads to Tyranny 0
- Economics
- February 3, 2020
There is plenty of anecdotal evidence that communism leads to tyranny. Mention the countries North Korea, Cuba, the Soviet Union, Mao Tse Tung’s China, East Germany, and Venezuela, and most people immediately think of an oppressed population with almost no economic opportunity and no political freedom. The words communist dictatorship roll off the tongue like
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Poverty Stats Greatly Overstate How Many Americans Are Destitute 0
- Economics
- January 30, 2020
While pressing her agenda to expand means-tested welfare programs, Democratic Congresswoman Alexandria Ocasio-Cortez is claiming that the federal government’s poverty statistics vastly undercount the number of Americans who are “destitute.” In reality, the exact opposite is true because those statistics omit a broad range of government benefits, charity, and unreported income. When these are counted, the poorest fifth of U.S. households consume five
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