Last week, the U.S. government hosted its annual SelectUSA Investment Summit just outside of Washington, D.C. The event often draws a good crowd of potential foreign investors looking for opportunities to invest in America. With the president’s cuts to the corporate tax rate and regulations, the United States will continue to be a prime destination … Continue reading Trump’s Trade Policies Undermining Benefits of Tax Cuts, Slashing Regulations
Category: Economy
Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: "The constant supply of data produced by think tanks, government agencies, independent researchers, academics and others is a significant and a … Continue reading Three Common Ways Governments Misuse Statistics and What You Can Do About It
The Trump administration is planning to spend as much as $12 billion in aid to help farmers hurt by the administration’s tariffs. By acknowledging the need for aid to farmers, the Trump administration is admitting that its tariff strategy is hurting Americans. There are multiple reasons why providing aid to farmers to offset the effects of tariffs … Continue reading Here Are 5 Reasons Why Trump’s Tariff Bailouts Are a Bad Idea
Concerned with how trade is commonly discussed, Greg Mankiw recently issued a plea to journalists to halt the use of subjective terms to describe trade flows. Rather than words such as “deteriorated” or “improved,” the Harvard economics professor (and noted textbook author) proposes that writers employ more objective language such as “the trade balance moved towards surplus.” Mankiw’s … Continue reading There’s No Such Thing as a Trade Deficit
The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound … Continue reading US Tariffs Hurt Americans More Than Anyone Else
Left-wing financier George Soros figures prominently in a campaign by progressives to repeal the Trump tax cuts, according to a review of the campaign’s allied organizations and their tax records by The Daily Signal. The campaign, called “Not One Penny,” first came together almost a year ago with what The Washington Post reported was “a seven-figure ad … Continue reading George Soros Behind Campaign to Repeal Trump Tax Cuts
A common criticism of Bernie Sanders is that “he doesn’t know anything about economics.” If only he had studied economics in college, some say, he would realize how destructive and illogical socialism is. However, if progressive heroine Alexandria Ocasio-Cortez’s recent interview on PBS’s “Firing Line” is any indication, a degree in economics is no longer … Continue reading 3 Times Alexandria Ocasio-Cortez Flunked Economics
Donald Trump achieved the presidency telling the American people he would “Make America Great Again.” Given that during eight years of Barack Obama’s presidency there was not a single year in which national satisfaction, as measured by Gallup, averaged above 30 percent, tapping into Americans’ general dissatisfaction with the state of the nation was good … Continue reading Trump Should Focus on Debt Crisis Rather Than Raising Tariffs
It seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented economic crisis Venezuela is immersed in since 2012. The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as the … Continue reading Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency
I’m a big fan of federalism because states have the flexibility to choose good policy or bad policy. And that’s good news for me since I get to write about the consequences. One of the main lessons we learn (see here, here, here, here, and here) is that high-earning taxpayers tend to migrate from states with onerous tax burdens and they tend … Continue reading Which State Will Be the First to Suffer Fiscal Collapse?
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