Economics

June 27, 2017

We now have proof higher minimum wages hurt the poor

In 2014 the city of Seattle announced it would be raising the minimum wage to $15 per hour. The minimum wage would increase from the state’s $9.47 minimum to as high as $11 on April 1, 2015. Continue Reading...

June 27, 2017

When progressive business owners oppose the $15 minimum wage

Progressives are known for making blanket denunciations of “corporate greed” with little distinction or discernment, rushing to support a range of regulations, price controls, and market manipulations to mitigate the supposed vices of free and open exchange. Continue Reading...

June 13, 2017

Why truly free trade is also truly fair

Throughout our political discourse, we continue to hear critiques of free trade from left and right, each of them ultimately aiming to prod us closer to an abstract notion of so-called “fair” or “fairer” trade. Continue Reading...

June 12, 2017

How will tax reform affect charitable giving?

In April the Trump administration released the president’s tax-reform proposal (see: Explainer: What you should know about President Trump’s tax reform plan). The plan was merely an outline and was short on details. Continue Reading...

June 12, 2017

When Lightning McQueen brought jobs to rural America

“Main street isn’t main street anymore. No one seems to need us like they did before.” Americans continue to face the violent winds of economic change, whether stemming from technology, trade, or globalization. Continue Reading...

June 01, 2017

What caused the Great Depression?

Almost 90 years have passed since the beginning of the Great Depression and yet most of us are still unclear on what caused America’s greatest economic collapse. The causes and precursors are complex, of course, but there are a few factors that we should know about. Continue Reading...

May 26, 2017

Charles Murray: ‘We need a cultural Great Awakening’

In response to increasing economic disruption and drastic social shifts in American life, Sen. Mike Lee recently launched the Social Capital Project, a multi-year research project dedicated to investigating “the evolving nature, quality, and importance of our associational life.” Continue Reading...

May 12, 2017

Free trade propaganda from … Communist China?

In the wake of the last presidential election, the American people appear to be fracturing and shifting on the long-held consensus about the benefits of free trade. Meanwhile, state-owned television in the People’s Republic of China is churning out pro-trade propaganda such as this (HT Pethokoukis): Yet the underlying irony is a bit overstated, I’d suspect. Continue Reading...

May 10, 2017

Development malpractice: When failure in ‘doing good’ is worse than ‘doing nothing’

What happens when governments, NGOs, charities, and churches all converge in scurried attempts to alleviate global poverty, whether through wealth transfers or other top-down, systematic solutions? As films like PovertyCure and Poverty, Inc. Continue Reading...

May 08, 2017

Samuel Gregg on how to really make America great again

With economic growth gradually declining since the 1980s and in the first quarter of 2017 possessing a growth-rate of only 0.7 percent, the United States is not headed in a direction of growth and prosperity. Continue Reading...

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