This autumn will mark 30 years since Margaret Thatcher departed 10 Downing Street as the first woman and longest-serving British Prime Minister of the 20th Century. What an amazing tenure it was! A "Do-It-Yourself" Vision In 1979, the Iron Lady assumed the premiership of a country riven with labor strife, racked by stagflation and run … Continue reading Margaret Thatcher on Socialism: 20 of Her Best Quotes
Category: Economy
While Sanders portrays his vision as moving the US economy closer to Scandinavian socialism, which in reality is better characterized as free-market capitalism with a large transfer sector, there is reason to believe that his election would move the country in the direction of left-wing Latin populism. What is Populism? According to Kirk Hawkins, director … Continue reading Why Bernie Sanders’s Populism Is a Threat to Economic Freedom
Ponzi and pyramid schemes are defined as fraudulent investing scams that promise high returns with little risk to investors. In order for these types of schemes to work, an influx of new investors is needed for the funds to be available to pay the old investors. When someone claims that their social security benefits are … Continue reading Why Young Americans Shouldn’t Count on Social Security
As new cases of COVID-19 continue to be diagnosed in the US and abroad, New York Governor Andrew Cuomo on Monday announced the state is prepared to introduce its own brand of hand sanitizer, free of charge, called NYS Clean hand sanitizer. At the press conference unveiling the brand, Cuomo remarked, “This is a superior … Continue reading Why New York’s Hand Sanitizer Stunt Won’t Work
Democrats have used the coronavirus to point to why the U.S. needs a government-paid family leave program (such as the FAMILY Act), so that employees can take time off from their jobs without losing much-needed paychecks. Well, in Washington state (which has the most reported coronavirus cases in the U.S. thus far), “It’s Here. It’s Yours.”—government-paid family leave, that … Continue reading Coronavirus Shows Government Paid Leave a Bad Fit for Employees’ Needs
One of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity and quality of labor and capital. These “factors of production” are combined to generate national income. I frequently grouse that punitive tax policies discourage capital. There’s less incentive to invest, after all, if the government imposes extra layers of … Continue reading Poverty in the U.S. Was Plummeting—Until Lyndon Johnson Declared War On It
Born in Kingston, Jamaica, Ann-Marie Campbell and her family immigrated to the United States shortly after she completed high school. After losing her father at a young age, she was primarily raised by her entrepreneurial grandmother, who taught her about retail from an early age. In 1985, in order to pay for college, she took … Continue reading How This Jamaican Immigrant Went from Part-Time Cashier to VP of Home Depot
