Economics

Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth 0
- Economics
- April 12, 2019
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 0
- Economics
- April 11, 2019
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 0
- Economics
- April 5, 2019
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?0
- Economics
- April 5, 2019
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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The Startling Price Tag of Paid Family Leave 0
- Economics
- April 4, 2019
A new report suggests that the Democrats’ FAMILY Act paid leave proposal is substantially more costly than previously estimated. The difference is meaningful: using more realistic assumptions, the cost of national paid leave is 7-fold greater than previous estimates, and taxpayers would be picking up the tab. The American Action Forum analysis uses data from Cato’s paid family
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How the Minimum Wage Affected Workers During (and After) the Great Recession 0
- Economics
- April 3, 2019
The law of demand is one of the most fundamental concepts of economics. This law states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. Most of the time this is too obvious to mention. Yet people seem to think we can suspend
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