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Economics

  • A Legal Immigrant’s Lament

    A Legal Immigrant’s Lament0

    In the late 1940s, my father, Kenneth Billingsley, a veteran of World War II, was working in a mine in the northern reaches of Manitoba. So through no fault of my own, I was born a long way north of the border. Despite childhood stints in Alliance, Ohio, and Detroit, Michigan, when I sought to

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  • Bernie’s Example to America: Pull Yourself up by Your Bootstraps!

    Bernie’s Example to America: Pull Yourself up by Your Bootstraps!0

    On Monday, Bernie Sanders released ten years of tax returns, and it turns out he and his wife are millionaires. Thanks especially to revenues from book royalties, Sanders is now, as CNN put it, “in the category of the super-rich.” Or, as some might say, he’s part of “the 1%.” After years of denouncing “millionaires

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  • 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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