Economics

Is New York City Entering a Pension Death Spiral like Chicago?0
- Economics
- December 11, 2018
As bad as the situation in Chicago is, with a public pension system 42 billion in the red, New York has even worse exposure. Its standings include 65 billion in unfunded pension liabilities, 100 billion in unfunded retiree health care, and a city debt of approximately 50 billion – for a grand total of 215
READ MORE
What the New Socialists in Congress Need to Know About Poverty 0
- Economics
- December 7, 2018
In a few short weeks, America will welcome the 116th Congress. Among the loud and celebrated voices in the new Congress are those who not only accept socialism as a viable option for America, but also those who celebrate their ties to organizations like the Democratic Socialists of America. Incoming Reps. Alexandria Ocasio-Cortez of New
READ MORE
How the $15 Minimum Wage is Pushing New York’s Car Washers to the Margins 0
- Economics
- December 4, 2018
As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and Minneapolis and states like California and New York have begun to adopt such schemes, leading to a range of unfortunate case studies in economic destruction. Despite the popular narrative that such laws will benefit the most vulnerable and put the powerful in check, the negative consequences have tended to
READ MORE

Why Democratic Socialists Could Never Produce the Instant Pot 0
- Economics
- December 3, 2018
Like millions of Americans, newly elected New York democratic socialist congresswoman Alexandria Ocasio-Cortez loves the Instant Pot multicooker. She has been having Instagram Live conversations about politics while she cooks with her Instant Pot. In November, Ocasio-Cortez asked her 1.2 million Twitter followers to post their favorite Instant Pot recipes. Perhaps she should ask her Twitter followers to explain
READ MORE
This Single Mom Was Told to Raise $10k for a Heart Transplant and People Are Outraged. They Shouldn’t Be 0
- Economics
- November 29, 2018
During the course of my workday I came across the sad story of Hedda Martin, a single mom who was recently informed by a Michigan health clinic that she was not a candidate for a heart transplant “due to needing [a] more secure financial plan for immunosuppressive medication coverage.” The hospital group, Specter Health Richard
READ MORE
Post Office Has Boom Year, Loses More Money Than Ever 0
- Economics
- November 28, 2018
For the U.S. government’s 2018 fiscal year, the U.S. Postal Service reports that it successfully boosted its annual revenue by $1 billion over the previous year to $70.7 billion, marking a boom year for its mail and package delivery services. Unfortunately, it also spent about $3.9 billion more to provide those services than it took in during
READ MORE