Economics

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
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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
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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
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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
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Why Poor People in the Freest Nations Have Incomes 8x Higher Than Poor People in the Least Free 0
- Economics
- November 20, 2018
Everyone interested in classical liberalism is familiar with the left-wing narrative that free markets undermine democracy and make the poor poorer. Those who perpetuate these fallacies often describe free market advocates as defenders of the greedy rich while painting socialists as heroes for the common good who bravely dare to challenge the interests of big
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The New York Times Reveals the Horrors of Capitalism—By Showing China’s State-Run Hospitals 0
- Economics
- November 19, 2018
The New York Times released a 10-minute video last month entitled “How Capitalism Ruined China’s Health Care System.” The video attempts to blame capitalism for the many problems in China’s health care system. “Under Mao Zedong the Communist state provided free health care for all,” the narrator tells us. “Decades later China adopted a unique brand of capitalism
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