Donald Trump achieved the presidency telling the American people he would “Make America Great Again.” Given that during eight years of Barack Obama’s presidency there was not a single year in which national satisfaction, as measured by Gallup, averaged above 30 percent, tapping into Americans’ general dissatisfaction with the state of the nation was good … Continue reading Trump Should Focus on Debt Crisis Rather Than Raising Tariffs
It seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented economic crisis Venezuela is immersed in since 2012. The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as the … Continue reading Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency
I’m a big fan of federalism because states have the flexibility to choose good policy or bad policy. And that’s good news for me since I get to write about the consequences. One of the main lessons we learn (see here, here, here, here, and here) is that high-earning taxpayers tend to migrate from states with onerous tax burdens and they tend … Continue reading Which State Will Be the First to Suffer Fiscal Collapse?
“America is open for business.” In his measured speech to the World Economic Forum, President Donald Trump highlighted his administration’s economic reforms and pointed to the positive trends in economic indicators. His clear message was: “bring your investment and jobs to the U.S.” Trump has certainly done much to improve the economy, but he could … Continue reading To further boost the economy, Trump must do this
Last Tuesday marked the 25th anniversary of the United Nations’ International Day for the Eradication of Poverty. The date intentionally coincides with the 30th anniversary of the Call to Action, which saw the French anti-poverty campaigner Father Joseph Wresinski ask the international community, in front of 100,000 Parisians, to “strive to eradicate extreme poverty”. To mark … Continue reading The World’s Poorest Are Getting Richer Faster than Anyone Else
Eric Asimov at the New York Times has an excellent, detailed, and highly discouraging look at the reversal of one of the favorable trends for freedom of commerce in recent years, the greater ease of interstate wine shipment. Excerpt: In the last year or so, carriers like United Parcel Service and FedEx have told retailers that they … Continue reading FCC Finally Deregulates Telegraph Service, 11 Years After Its Demise
By DANIEL J. MITCHELL To be blunt, Republicans are heading in the wrong direction on fiscal policy. They have full control of the executive and legislative branches, but instead of using their power to promote Reaganomics, it looks like we’re getting a reincarnation of the big-government Bush years. As Yogi Berra might have said, “it’s déjà vu all over … Continue reading If you voted GOP to stop liberalism, you wasted your vote