Earlier today, Connecticut Senator Chris Murphy tweeted: https://twitter.com/ChrisMurphyCT/status/1392117646494162944?s=20 Maybe he should look a little harder at the figures. First:“Boston to DC– Airline time: 1.6 hours” The reason high‐speed rail never caught on in the United States is because we had jet airliners before Japan even started building its first bullet train. Why should we worry that a train from … Continue reading China’s High‐Speed Debt Trap
Category: Economy
When I was born in western New York, it was the second-most populous state in the nation and had a whopping 34 congressional districts. Following the 2020 census, however, New York is now the fourth-most populous state and will only have 27 congressional districts. Over a period of 40 years, 1981 to 2020, during which the … Continue reading New York’s Long Decline Is Canary in Coal Mine for Biden’s Big-Government Agenda
Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. In other words, the average consumer making the same salary this year has taken a pay cut when you consider what their … Continue reading Why Inflation Is at a 12-year High
President Biden’s infrastructure plan includes $174 billion in subsidies for electric vehicles and charging stations. That would be a waste of taxpayer money because businesses are already pouring billions of dollars into EV research, production, and infrastructure, as noted here. There are already tens of thousands of EV charging stations across the country in places such as Target parking lots. As businesses … Continue reading No Need for Biden’s Electric Vehicle Subsidies
In a recent opinion piece, Senator Josh Hawley claims that America’s economy is witnessing a widespread take‐over from monopolies – big tech, big pharma, big finance, and more. These companies, the story goes, then harness their market power to foist ideological progressive agendas on an unwilling public. This narrative is misleading at best. First, big is not synonymous … Continue reading Trustbusters or Business‐Busters?
President Biden is pitching his $2.7 trillion+ “infrastructure” plan, chock full of items unrelated to traditional transportation infrastructure, as key to restoring the economy and putting Americans back to work. It’s right in the name: the “American Jobs Plan.” “This is the moment to reimagine and rebuild a new economy,” Biden said in introducing his … Continue reading Biden Infrastructure Plan Would Hurt Economy in 3 Ways over Long Run, Ivy League Analysis Finds
Recently, a few journalists and (unsurprisingly) the U.S. lumber industry have downplayed U.S. "trade remedy" duties' potential contribution to skyrocketing domestic lumber prices, noting that current duty rates stand at "only" 9 percent for most imports from Canada - the largest foreign supplier and longstanding target of U.S. trade restrictions. Surely, many factors (most obviously pandemic-induced shocks … Continue reading U.S. Lumber Duties Are More Than Just a Rate
President Biden has just unveiled a new $2.3 trillion “infrastructure” plan, but a shockingly large portion of this bill is actually unrelated to infrastructure. The plan includes massive subsidies for corporations as well as state and local governments, and comes right after the administration’s proposed increase in the corporate tax rate, which would raise the … Continue reading Biden’s $2 Trillion Infrastructure Plan Is Loaded With Corporate Welfare
Andres Guilarte is a university student who lived in Venezuela under a democratically elected socialist regime. Guilarte says food shortages were a daily occurrence. Venezuelans also endure massive blackouts, political persecution, and a lack of access to health care due to the socialist government. Guilarte joins “The Daily Signal Podcast” to share his experiences of … Continue reading He Lived Under Socialism in Venezuela. That’s Why He’ll Never Support It.
Imagine an economy where there is no money. All currencies, mediums of exchange, and other intermediaries of trade no longer exist. Instead of having money, everyone is issued ration cards that dictate what goods they can have and in what quantities. Everything from food you buy to the clothes you wear to medicine you need … Continue reading That Time the Soviet Union (Grudgingly) Turned to Free Markets to Save Its Collapsing Economy
DonnyFerguson.com 