Denver-based startup Boom Supersonic has been developing a passenger jet that will fly faster than the speed of sound, and United Airlines recently announced a deal to buy fifteen of them, with an option to buy thirty-five more if safety tests go as planned. https://twitter.com/boomaero/status/1400406948546220036?s=20 “But what if they don’t,” some are asking, “what if … Continue reading Flight Times May Soon Be Cut in Half—Thanks to Capitalism
Category: Economy
Over the last year, consumer prices have increased roughly 5 percent, the biggest increase in 13 years. Driven in large part by the federal government’s reckless money-printing, such steep price increases will cut Americans’ paychecks and erode their savings. Now, in a concerning twist, we just got reason to believe that elevated levels of price … Continue reading Here’s Why Price Inflation Could Remain Elevated for Several Years
In both his Cato paper and then an article for the Journal of Economic Perspectives, UC San Diego economist Jeff Clemens delineated the full range of ways any business might adjust to a minimum wage hike. Most empirical research has focused on whether firms cut jobs or hours. Other work has examined whether businesses passthrough any cost uplift to … Continue reading Retailers Adjust Work Schedules to Offset Minimum Wage Hikes
At a Senate subcommittee hearing in the summer of 1957, South Carolina Sen. Strom Thurmond sought to protect Americans from something he regarded as a serious social threat. "Flying saloons are a social problem," Thurmond thundered before the aviation subcommittee. By “flying saloons,” Thurmond was referring to passengers being allowed to imbibe alcohol on flights. … Continue reading Banning Alcoholic Beverages on Flights Is (Still) a Really Bad Idea
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Catherine Rampell of the Washington Post wonders why President Biden has not repealed President Trump’s costly tariffs on imported steel and aluminum from “our close economic and military allies, including the European Union, Canada and Japan.”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
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.
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