s added that the holiday, also known as “Freedom Day” and “Emancipation Day,” serves as a powerful reminder of the importance of family, because, when many of the slaves learned of their freedom, the first thing they did was set out to find their families.
On June 15 in the year 1215, English nobles compelled King John to affix his seal to a remarkable document, the Magna Carta. The event is often regarded as the kick-off to the long, 800-year march of liberty in the British Isles. As I previously explained, war and taxes played key roles in pressuring John … Continue reading The Compact That Preceded the Magna Carta
The US economy is in a perplexing state of labor market purgatory. We have 9.3 million unfilled job openings, all while millions of Americans remain on unemployment benefits and millions more are opting out of the labor force entirely. In short, a labor shortage is throttling the economic recovery. But why? A new study published … Continue reading Unemployed Households Can Earn $25/Hour on Welfare in 21 States, New Study Finds
Catherine Rampell of the Washington Post wonders why President Biden has not repealed President Trump’s costly tariffs on imported steel and aluminum from “our close economic and military allies, including the European Union, Canada and Japan.” If both the United States and our allies recognize the damage these trade barriers are doing, what are the obstacles to … Continue reading Steel Tariffs and Why We Can’t End Failed Government Programs
Elon Musk and Jeff Bezos are two of the richest men in the world, and while both are clearly brilliant titans of industry, neither of them achieved that status without multiple handouts from the government. Musk’s Tesla and SpaceX have received nearly $5 billion in government aid over the years in various forms—grants, environmental credits, … Continue reading Congress Is Trying to Give Jeff Bezos’s Space Firm $10 Billion of Your Tax Dollars
Last summer in an interview with CBS Evening News anchor Norah O’Donnell, Dr. Anthony Fauci said he had no regrets over advising Americans against wearing masks in public spaces early in the pandemic, even though his recommendations changed months later. “I don’t regret anything I said then because in the context of the time in … Continue reading Fauci’s Mask Flip-Flop, Explained (by Economics)
It’s no surprise that insurance industry lobbyists want more taxpayer money. What’s surprising is that congressional liberals are obliging them.
States have been incapable of responsibly stewarding almost a trillion dollars in UI benefits during the pandemic, and the taxpayer is on the hook for egregious losses.
New Biden Section 232 actions could not only harm the economy but also undermine the administration’s own economic and national security objectives. The law should be repealed, not embraced...
t everyone pays their fair share and the richest Americans pay the most.” That broad claim is not supported by their narrow analysis. Indeed, it is a silly statement because it is based on only 25 apparently atypical high‐end returns and a single hypothetical middle‐income taxpayer.