Economics

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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More Markets and Less Politics 0
- Economics
- November 15, 2018
Facebook is an excellent way to waste time. But it sometimes becomes a source of inspiration. Last week, I came across a post by economist Steve Horwitz in which he commented on a WSJ article about Israeli tech companies hiring Palestinian engineers due to a lack of qualified workers in the sector. In it, Horwitz
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Is Alexandria Ocasio-Cortez Right About the New Amazon Headquarters?0
- Economics
- November 14, 2018
After much anticipation, Amazon announced yesterday that it will open its new headquarters, HQ2, in two locations: Queens, New York, and Crystal City, Virginia. It will also open a third “Operations Center of Excellence” in Nashville. Controversy attended the announcement, as all three cities promised the company subsidies and tax incentives topping $2.2 billion. New York pledged $1.525 billion between
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The Air Force’s $1,200 Air Coffee Cups Demonstrate Big Government at Its Best 0
- Economics
- November 12, 2018
The story of how the Air Force found a fifty-cent fix for its broken $1,200+ coffee cups is one for the “you’ve got to be kidding me” section in the volumes of examples for how the U.S. government manages to waste such massive amounts of money each year. That story begins in the summer of
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Socialists and Fascists Have Always Been Kissing Cousins 3
- Economics
- November 12, 2018
In 1939, the same year the Germans and the Russians mutually consented to rape Poland, T.S. Eliot rather famously (or, I suppose for some, infamously) declared: “If you will not have God (and He is a jealous God), you should pay your respects to Hitler or Stalin.” Eliot, of course, could not have been more
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This County Discovered It’s Possible to Operate Debt-Free… and Its Citizens Are Reaping the Benefits 0
- Economics
- November 8, 2018
The other day, I wrote about the disadvantages of state and local governments issuing general obligation debt. Those governments currently have more than $3 trillion in overall debt outstanding. Government borrowing enriches financial firms, encourages corruption, and magnifies the ultimate tax burden that citizens will bear for the related spending. It is prudent and practical for states
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