Economics

The Deafening Silence on Social Security’s Looming Insolvency 0
- Economics
- July 3, 2019
As the 2020 presidential campaign heats up, it’s disturbing that members of both parties seem unwilling to talk about Social Security. It appears that the program is on such shaky ground that even its mention is political dynamite. How bad is it? Social Security will become insolvent in just 16 years. Who says so? The
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The Entrepreneur Who Became a Billionaire After Being Rejected by Facebook 0
- Economics
- June 19, 2019
Jan Koum had a rough upbringing. At 16, he immigrated from Europe to the United States with his mother and grandmother, who were fleeing political unrest and religious persecution. Jan’s mother got a job as a babysitter in California while Jan went to school and worked at a grocery store cleaning floors. His father planned
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New York Makes Rent Control More Severe 0
- Economics
- June 17, 2019
Leaders of New York’s legislature have decided to tighten rent control in New York City. They also will change the law to make it harder for landlords across the state to get rid of tenants who don’t pay their rent, or violate their leases, if those tenants can’t find similar housing in the “same neighborhood.” Economists expect this legislation
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The Seven Worst Ideas for Regulation This Century 0
- Economics
- June 13, 2019
Many good things have happened both in the United States and worldwide this century. In the U.S., we have the lowest unemployment rate in half a century. Worldwide prosperity is growing so fast that the rate of extreme poverty fell by half between 1990 and 2015, five years ahead of the World Bank’s optimistic goal.
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What Happens When Everyone Gets a ‘Free’ Lunch? Money Problems 0
- Economics
- June 11, 2019
A yogurt company, Chobani, has picked up the tab for unpaid school lunches in a Rhode Island school district. That’s a relief to the school district, but not one likely to be replicated elsewhere. A new report finds that it would take a whole lot of dairy to fix the waste and misspent money in
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Socialism Will Always Destroy Democracy 0
- Economics
- June 10, 2019
A poll taken in February by Public Opinion Strategies found that a full 77 percent of Democrats felt the country would be “better off” if it were “more socialist.” “Democratic support for socialism appears deep,” Paul Bedard wrote in a piece for the Washington Examiner. “[Eighty] percent of ‘strong Democrats,’” he said, “believe the country
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