California’s broke state government was hoping legalizing marijuana would generate tax revenue to stabilize their government. But they set the tax rate far too high, generating too little revenue.
Middle Class Capitalism isn’t anti-business. It isn’t even anti-big-business. The simple aim is greater competition, fair markets, and higher wages for the American people.
By eliminating tenure, changing incentive structures, and putting the emphasis back on teaching, colleges can create more value for students.
Minimum wage supporters tend to observe the direct and immediate consequences of their idea, but they do not bother to think through the indirect and longer-term consequences.
Besides boosting their incomes merely $520 a year, minimum-wage employees also have had to take on second jobs to make up for losing hours due to artificially inflated wage costs.
We understand it would be wrong to let politicians interfere with our freedom to trade with our local grocery store. The same argument applies when looking at international trade.
You might grumble at having to pay high prices. But shortages turn disaster areas into looting zones as otherwise law-abiding citizens become desperate for essential supplies.
Sowell’s calm and calculated look at racial disparity in America is a stunning work of brevity and reason.
Jean-Claude Juncker reportedly told Donald Trump, ‘If you want to be stupid, I can be stupid, as well.’ This is a perfect summary of a trade war.
Eventually, the world-renowned restaurant life in cities like New York, DC, and San Francisco will die. The only survivors will be fast-casual chains with low overhead and deep pockets.
It seems almost embarrassing to have to rehearse the case for free trade, but Donald Trump is determined to make us learn it all over again, the hard way.
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