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Economics

  • Economies Do Better Under Democracy

    Economies Do Better Under Democracy0

    The tremendous economic growth of China over the last three decades has reinforced the perception that authoritarian countries can spur economic growth just as efficiently as democracies. China isn’t the only example of this. The autocratic governments of Pinochet’s Chile or Lee Kuan Yew’s Singapore seem to confirm the idea that long-term economic growth are

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  • Five Facts About Tax Day and Income Taxes

    Five Facts About Tax Day and Income Taxes0

    Today is Tax Day, the day when individual income tax returns are due to the federal government. Here are five facts you should know about income taxes and Tax Day: 1. The first national income tax in the United States was in 1861 soon after the outbreak of the Civil War. Congress approved a national income tax,

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  • Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth

    Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth0

    In a few months’ time, my wife and I will send our second child to daycare. Like all parents, nothing is more precious to us than our children. So it’s surprising that the people whom parents trust to take care of their kids—childcare workers and preschool teachers—get paid median salaries of just $22,290 and $28,990

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  • Venezuela Should Shock and Teach this Generation

    Venezuela Should Shock and Teach this Generation0

    You are sick so you go to the hospital. There is no medicine. Diagnostic machines don’t work because the power is out. The lights aren’t on either. After nightfall, the whole place is pitch black. You can’t wander the halls. Too dangerous. Small wounds lead to amputation without anesthesia because there is no other way

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  • Trump Has Four Options to Address Border Crisis

    Trump Has Four Options to Address Border Crisis0

    Put yourself in the president’s shoes. He saw the border crisis building. He warned Congress. It did nothing. Now he has to do something. Months ago, the administration alerted lawmakers that the number of people entering the country illegally and making unqualified asylum claims was skyrocketing. The only options were to stop them from crossing or let them

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  • Is a Recession around the Corner?

    Is a Recession around the Corner?0

    Is the US heading towards recession? That depends on whom you ask. Nobel laureate economist Paul Krugman believes the country will face an economic downturn sometime in the next two years. But the latest CNBC survey of chief financial officers shows businesses don’t expect a recession in the near future. The dismal track record of

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