Elon Musk broke it down for Joe Rogan. What his insights mean for the world’s poor… and for us. Elon Musk dropped an economic truth bomb on Joe Rogan’s podcast a couple of months ago. “If you don’t make stuff, there’s no stuff.” Obvious? You’d think so. But, as Musk pointed out, our economic policies […]
Companies have all kinds of incentives to be charitable. Unfortunately, retailers often face regulations that force them to destroy their merchandise instead of donating it. Kids say the darndest things, and these days they say them on TikTok, the popular video social media platform with 850 million active monthly users. A new trend called #RetailMadeMe […]
Any retrospective analysis of lockdown policies—the effectiveness which is seriously disputed—must be weighed against the loss of life and human suffering they caused. In California and other parts of the country, Americans are headed back to lockdown or otherwise facing renewed restrictions on their day-to-day lives amid another spike of COVID-19. Yet a new Gallup poll shows […]
It is unlikely that those paid to make AOC’s sweatshirt could afford to buy the end product —even if they’re earning what she calls a “living wage.” Rep. Alexandria Ocasio-Cortez did what she does best this week and created another social media firestorm. It all started when a Twitter account called Tax March, which apparently […]
In August, with his state looking at a $13 billion budget hole and residents fleeing in droves, New York Gov. Andrew Cuomo issued a plea for New Yorkers to return to the Big Apple. “They are in their Hamptons homes, or Hudson Valley or Connecticut,” Cuomo said at a press conference. “I talk to them literally every […]
People of good faith can certainly disagree over the proper role of the government during a pandemic. But it’s hard to imagine how anyone could defend the overzealous and arbitrary restrictions included in Los Angeles’s new lockdown order. “My message couldn’t be simpler,” Mayor Eric Garcetti said on Wednesday. “It’s time to hunker down. It’s time to […]
Student debt forgiveness would overwhelmingly benefit the most well off in America, new economic research shows. From Sen. Elizabeth Warren to Rep. Alexandria Ocasio-Cortez, some of the most prominent progressive politicians in the country are pushing hard for widespread student debt cancelation. So, it’s fascinating to see a new study show that forcing taxpayers to pay down […]
Top White House COVID-19 Advisor Dr. Anthony Fauci recently changed his prior position and recommended that we keep schools open (while also advising the nation to close bars back down). “Obviously, you don’t have one size fits all, but as I said in the past and as you accurately quoted me, the default position should be to […]
Reckless disregard for efficiency is inherent to all government spending. Congress is debating another round of COVID-19 stimulus legislation right now. But as the details continue to be hashed out, new evidence keeps mounting that shows just how wasteful and inefficient the first stimulus bill was. The $2 trillion+ CARES Act, passed in March, sent $1,200 “stimulus” […]
In Beverly Hills, California, city leaders are demanding L.A. County repeal its ban on outdoor dining, while restaurants in Louisville, Kentucky pledge to reopen regardless of what the governor orders. When Kentucky Gov. Andy Beshear announced a week before Thanksgiving he was closing all indoor service for restaurants and bars because of rising COVID-19 case numbers, Richard […]
Not only did government persecute certain businesses to the benefit of others, it also provided incentives, handouts, and other pork. Most of us wouldn’t list 2020 as our best year. But you know who would? Amazon, Wal-Mart, Google, Apple, and a whole host of other big corporations who’ve seen their sales and stock prices soar […]
Weld County’s defiance came days before news broke that New York Gov. Andrew Cuomo is “furious” because a Brooklyn synagogue held a secret wedding. Colorado officials last week announced that several counties had moved into the “red level”—the second-highest measurement on its COVID-19 dial—and would be forced to implement new regulations on restaurants, gyms, and […]
Many US states and countries around the world are imposing another round of economic lockdowns in an effort to combat the coronavirus. The actions are certain to come with a series of devastating unintended consequences—economic destruction, surging poverty, and mental health deterioration among them—but a new study suggests the lockdowns may not do what they are […]
Waffle House CEO Walt Ehmer’s stance against lockdowns is courageous, but ultimately bolder action may be required to save businesses from the pernicious effects of lockdowns. Walt Ehmer, the CEO of Waffle House, didn’t mince words when he explained his biggest problem with economic lockdowns stemming from the COVID-19 pandemic. “None of the people who […]
Should a qualified employee’s political views determine whether he gets—or keeps—a job? For a growing number of Americans, they already do. As I wrote in an article published recently at American Greatness: [Last month] a Pennsylvania police chief was forced to retire by his “progressive mayor” after 26 years on the job. His offense? The chief’s wife posted a Facebook message supporting […]
For years, a school of economists has complained that US wages have been virtually stagnant for decades. “Jobs are coming back, but pay isn’t. The median wage is still below where it was before the Great Recession,” former Labor Secretary Robert Reich said in 2015. “Last month, average pay actually fell.” In fact, it’s not hard […]
New research shows that domestic violence surged during quarantine. The unintended consequences of the COVID-19 lockdowns have been severe: mass unemployment, increased drug overdoses and suicides, and widespread social unrest are but a few of them. On Monday, the National Bureau of Economic Research released a paper detailing another: increased domestic violence. Analyzing government-mandated lockdowns in India, […]
Ongoing and renewed shutdowns of public schools across the country due to the COVID-19 pandemic have resulted in astonishing public school enrollment drops. NPR recently reported that public school districts in at least 20 states have seen shrinking numbers of students this fall, with Orange County and Miami-Dade County in Florida down 8,000 and 16,000 public school students, respectively. […]
One retracted study does not prove anything about the effectiveness of masks. Nevertheless, Americans should be wary of sweeping mandates that would use local police to enforce a federal initiative. Astudy showing that more than a thousand counties in the US saw COVID-19 hospitalizations decrease after passing mask mandates has been withdrawn. The study, published […]
Biden’s rhetoric focuses on restoring order and stability amid emergency, but the details of his transition agenda involve a radical upheaval of our economy. Joe Biden plans to hit the ground running after Inauguration Day. Biden and his running mate, Kamala Harris, have released a sweeping transition agenda they hope to implement after taking power. It focuses […]
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