Economics

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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Taxpayers Eat Another Solar Energy Flop 0
- Economics
- January 21, 2020
Looks like another federally backed solar energy plant has gone bust. Bloomberg News reports, “A $1 Billion Solar Plant Was Obsolete Before It Ever Went Online.” In 2011 the $1 billion [Crescent Dunes] project was to be the biggest solar plant of its kind, and it looked like the future of renewable power. Citigroup Inc. and other financiers
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Bernie Sanders’ Staffers Don’t Know the Dark Side of Soviet History 0
- Economics
- January 20, 2020
One of Bernie Sanders’ organizers, Kyle Jurek, wants you to believe that Soviet gulags were not so bad. If Sanders gets elected, Jurek assures us reeducation gulags are coming to America for Trump voters and others opposed to Sanders’ socialist agenda. Jurek is no better than a Holocaust denier. Around 3 million people died in
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Why the Minimum Wage Is so Bad for Young Workers 0
- Economics
- January 16, 2020
In today’s political discourse, the minimum wage is frequently mentioned by the more progressive members of Congress. On a basic level, raising the minimum wage appears to be a sympathetic policy for low-income wage earners. Often kept out of the conversation, however, are the downstream effects of this proposal. The consensus among economists has always been that
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