I learned the word "entrepreneurship" when I was 12. I had just started my first business, and my mother informed me I was now an “entrepreneur.” I didn't know what the word meant, but I liked the way it sounded. Even better, I liked having a business. I was selling hand-knitted dolls, made from patterns … Continue reading 3 Reasons Homeschoolers Often Become Entrepreneurs
Category: Economy
The pandemic has undoubtedly hastened the shift to remote work. Many workers and companies have now embraced remote work in previously office-based positions, and this is continuing even as the economy reopens and new jobs are posted. Many new remote positions are being posted advertising that applicants can live anywhere in the US—except Colorado. Here’s … Continue reading ‘You Can Live Anywhere But Colorado’: Why Many Remote Job Postings Are Now Actively Excluding One State
The COVID-19 pandemic saw a retirement surge in 2020, with more than 3.2 million baby boomers retiring—more than double the previous year. New evidence, however, says a stunning number of Americans are preparing to do the opposite: delaying their Golden Years because of the financial hit they took during the pandemic. “[A] study from Age … Continue reading Survey: 1 in 3 Americans to Postpone Retirement Thanks to Lockdowns
When President Biden unveiled a $6 trillion federal budget in late May, he proposed shattering spending records and expanding the government’s role in economic life to a truly unprecedented extent. In justification, the Biden administration promised taxpayers this massive expenditure of their money would revitalize and grow the economy. “This budget is an agenda for … Continue reading Biden’s $6 Trillion Blowout Budget Proposal Would Have 3 Embarrassingly Bad Results, Study Finds
Founding father and the second president of the United States John Adams once said that “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” What he meant was that objective, raw numbers don’t lie—and this remains true … Continue reading New Harvard Data (Accidentally) Reveal How Lockdowns Crushed the Working Class While Leaving Elites Unscathed
Earlier this year, a house made headlines in DC when it sold for $1 million over its asking price—a representation of just how crazy things have gotten in the US housing market. Now, a new report confirms what anyone who has spent even a day house-hunting in 2021 could have told us: there’s a massive … Continue reading New Report: US Housing Market Needs 5.5 Million More Units. Guess What Stands in the Way?
Proponents of big-government spending and money-printing tried to downplay April data showing surging consumer prices as just a temporary adjustment. But the new data for May are out now, and they show price inflation shooting up even higher. According to Bureau of Labor Statistics figures released Thursday, consumer prices rose a whopping 5 percent from … Continue reading 3 Ways Rising Price Inflation Hurts Everyday Americans
Opponents of minimum wage laws tend to focus their criticism on one particular adverse consequence: by artificially raising the price of labor, they reduce employment, particularly for the most vulnerable in society. “Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers,” economist Murray Rothbard wrote in 1978. … Continue reading Harvard Business Review: Minimum Wage Hikes Led to Lower Worker Compensation, New Research Shows
Nearly 50 years ago, in the heat of August 1971, President Richard M. Nixon issued Executive Order 11615 to impose the first wage and price controls since World War II. They were intended to suppress inflation, which at the time was less than 5 percent. But just as they did during wartime, the 1971 price controls went … Continue reading Get Ready for Price Controls if Inflation Accelerates
The United States steel industry has long received government protection from import competition, today in the form of hundreds of “trade remedy” (antidumping and countervailing duty) measures on specific iron and steel products and “national security” tariffs on almost all forms of finished and semi‐finished steel products. Numerous economic analyses have shown that these measures raise domestic steel prices … Continue reading How American Steel Protectionism Harms American Manufacturers in One Simple Chart
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