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Economics

  • How Public Pension Liabilities Are Becoming Public Threats

    How Public Pension Liabilities Are Becoming Public Threats0

    In most states, people tend to worry about things like education or the economy. In Oregon, public pensions are suddenly at the forefront of political discussions. Why? Because the Public Employees Retirement System (PERS) in Oregon is more than $25 billion in the hole. Of course, Oregon is hardly the only state deep in the

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  • Should College be Free?

    Should College be Free?0

    Fall is here. That means many things are on their way down, including bank accounts as parents write tuition checks.  Is anything going up? Maybe interest in “free” college. How often are we told by our friends on the left that we ought to follow the lead of Europe, specifically western Europe?  Pretty often, by

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  • Five Lesser Known Financial Crises of the 20th Century

    Five Lesser Known Financial Crises of the 20th Century0

    A decade has passed since the collapse of the Lehmann Brothers investment bank, triggering the worst recession since the stock market collapse of 1929. But between the 1930s and 2008, the world experienced several economic downturns, some of which had a long-lasting impact on the affected countries. Here are five less well-known crises that shaped the Twentieth

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  • Is the World Really Getting Richer?

    Is the World Really Getting Richer?0

    These days, our view of the world seems to be dominated by a sense of pessimism. No matter how many surveys you look at (see, for instance, here and here), results are always the same: most people are convinced that the world is becoming a worse place in which to live. Nevertheless, there is plenty

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  • Faith, Family, Government, & the Company Store

    Faith, Family, Government, & the Company Store0

    My father was not an easy man to categorize when it came to politics. He was, like almost everybody else where I grew up, a registered Democrat. Republicans in New England and the middle Atlantic states were not fond of Catholic immigrants from Ireland, Italy, and Poland, and the immigrants were not fond of the Republicans,

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  • Undermining the Independence of the Fed is a Terrible Idea

    Undermining the Independence of the Fed is a Terrible Idea0

    President Trump is known for expressing his views openly, without mincing his words. He has shown in many occasions that he doesn’t care about political correctness, an attribute that has allowed him to gain the support of millions of Americans. But being politically incorrect isn’t always a virtue, especially when it implies making unreasonable statements

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