Recent headlines involving antitrust law have focused on government investigations into “big tech” companies, like Facebook and Google. That’s amusing, given that it’s the government that is the biggest perpetrator of monopolistic behavior. It’s now widely recognized that state licensing boards, often dominated by industry players, weaponize regulations to keep would-be competitors out of business. … Continue reading Antitrust Policy Should Target Government Monopolies
Category: Economy
Millions of hearts broke Thursday when people woke to find out somebody else won the $731.1 million Powerball drawing. (Including mine.) We may never know the identity of the lucky winner, who purchased the ticket at a small store in Maryland, since the Old Line State is one of only a handful that allows winners … Continue reading Jim Cramer Tells Powerball Winner to Invest in Bitcoin. Here’s Why
President Joe Biden’s new $1.9 trillion COVID-19 relief proposal includes a surprising provision: raising the federal minimum wage to $15. The fight for a higher minimum wage is not new, although it has been intensified by current events. The idea, more specifically, is to provide a “living wage.” Proponents argue that, currently, minimum wage workers … Continue reading Why a One-Size-Fits-All Federal Minimum Wage Makes Zero Sense
Victor Child Care Center in Victor, New York, was on the brink. Ravaged by costs incurred as a result of COVID-19, Laurie Lavery, owner of the business, needed to cut back more and more services to stay afloat. Eventually, Lavery, 64, was forced to scrub the floors and bathrooms of the center by herself on weekends … Continue reading Leading by Example, Barstool Fund Steps Up to Save Small Businesses
U.S. Congresswoman Lauren Boebert (CO-03) released the following statement after introducing the Paris Agreement Constitutional Treaty Act: "My bill prohibits Congress from spending a single penny on the Paris Agreement until this treaty is ratified by the United States Senate. Joe Biden took an oath to uphold the U.S. Constitution. If he wants to keep it, he must … Continue reading Rep. Boebert Introduces Bill to Block Paris Agreement
This week, Joe Biden and Kamala Harris began their terms as president and vice president. Both Biden and Harris have expressed views on a range of technology policy issues that are bound to be discussed in Congress as well as state legislatures over the next few years. In the coming days, we will analyze Biden's … Continue reading Gig Economy Regulation Under Biden
The People’s Republic of China often pays lip service to reforming its bloated, inefficient state-owned enterprises. Unfortunately, reforms rarely pan out. When China began to emerge from the dark ages of the Cultural Revolution in the late 1970s, progress in reforming state-owned enterprises, particularly in the form of consolidating state control of large state-owned enterprises … Continue reading China’s Economy Is Mostly Unfree and Likely to Stay That Way
Leaders of the World Economic Forum are seeking to implement a Great Reset of capitalism whereby “global stakeholders” cooperate to achieve “shared goals.” In the true spirit of not letting a crisis go to waste, they see the COVID-19 pandemic as presenting a unique opportunity to push their agenda. "The level of cooperation and ambition … Continue reading Is ‘Stakeholder Capitalism’ Newspeak for Economic Fascism?
President Joe Biden’s policies, announced in the first days of his administration, potentially could kill millions of jobs, according to estimates from both government and private studies. Since taking office Jan. 20, Biden has announced a slew of policies, including executive actions to immediately take effect and legislative proposals. By his third day in office, … Continue reading Will Biden’s Policies Lead to Job Losses? Here Are Possible Economic Impacts of 4 of Them.
President Joe Biden is pushing a federal $15 minimum wage in his sweeping $1.9 trillion COVID-19 relief package, and the policy is only gaining steam in progressive circles. But newly released research undercuts the main argument progressive economists make in favor of minimum wage increases. A new paper published by the National Bureau of Economic … Continue reading New Research Debunks Claim That a $15 Minimum Wage Would Not Reduce Employment
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