State lawmakers in Albany, New York are considering imposing a tax on financial transactions. If they go through with it, the iconic New York Stock Exchange might actually leave the Empire State. The tax legislation in question was recently proposed by state Senator Julia Salazar and several of her Democratic colleagues. It would impose a … Continue reading Why the New York Stock Exchange Could Soon Flee the State
Category: Economy
Many families struggle to find child care, especially at a cost they can afford. A $15 federal minimum wage could make child care unattainable for millions more families. Higher wages are a great thing, especially for child care workers who serve such an important role in the lives of children and families. But the reality is that … Continue reading Unintended Consequence of $15 Minimum Wage: Higher Child Care Costs
In 1998, Paul Krugman predicted that by 2005 it would be clear that “the Internet’s impact on the economy has been no greater than the fax machine’s.” The prediction was so wrong and so widely circulated that Snopes has a page fact-checking the claim and affirming its veracity. The internet is a vast place, but … Continue reading Paul Krugman’s Hilarious 2015 Bitcoin Prediction and the Value of Intellectual Humility
We should be championing people's ability to work, to make a living, and to live free from excessive government interference.
The minimum wage debate is littered with examples of second‐order consequences that tend to get ignored.
Governments can’t simply mandate higher wages into existence without imposing significant unintended consequences.
Two of the loudest interest groups in the economic policy world these days have an oddly similar approach.
Decentralized currencies could help to break down the grip of the state and let Venezuelans finally breathe free.
The PRO Act won’t help independent workers. It will eliminate their jobs or strip them of the flexibility that attracted them to the gig economy in the first place.
Import taxes on washing machines have cost Americans over $800,000 per job created.
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