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Economics

  • The Postal Service Bleeds Cash in the New Year

    The Postal Service Bleeds Cash in the New Year0

    As 2020 kicks off, the gift-giving season already feels like it was eons ago. But to the beleaguered and overextended United States Postal Service (USPS), the frantic pace of holiday shipping will continue well into January.  Thanks to increasingly generous, “no questions asked” returns policies by leading e-commerce sellers, an astounding one third of shipped packages

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  • California’s Latest Act of Idiocy: Killing Freelance Work

    California’s Latest Act of Idiocy: Killing Freelance Work0

    If there’s one thing the California government is good for these days, it’s failing to address crises that glaringly exist while creating new crises that shouldn’t exist – and then shifting the blame when everything goes wrong. A new California law set to go into effect in the new year is the latest example of misguided legislation hurting the

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  • The Myth That the Rich Don’t Pay Their ‘Fair Share’ of Taxes

    The Myth That the Rich Don’t Pay Their ‘Fair Share’ of Taxes0

    Elizabeth Warren and Bernie Sanders have led the charge to add many zeros to what some Americans should be given at others’ expense. As a result, they have doubled (or tripled) down on an “old reliable” claim of the left that “the rich” don’t pay their “fair share” of taxes. But that excuse to tax

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  • Why Marx Was Against Individual Rights

    Why Marx Was Against Individual Rights0

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  • How We Can Do Good By Doing Well

    How We Can Do Good By Doing Well0

    Among economists’ insights over the last almost 250 years, one of the keenest is that one can do good while doing well. The idea traces to Adam Smith. It means capitalists’/entrepreneurs’ pursuit of profit can have favorable consequences for the community at large – and not just for capitalists and entrepreneurs. It applies equally to landowners and

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  • Huge Baseball Contracts Come With Record Breaking Taxes

    Huge Baseball Contracts Come With Record Breaking Taxes0

    In the past week, several record-breaking contracts were signed by Major League Baseball players. Stephen Strasburg, the 2019 World Series MVP, was first, re-signing with the Washington Nationals on a seven-year, $245 million deal. That was a record for the largest contract ever for a pitcher, both in terms of total value and in annual average

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