The Economy Is Doing Way Better Than Many Believe
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
The policy is a true budget buster and is ineffective in the long term.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
That's bad news for Americans.
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
He could save $98 million by dodging California's state income taxes with his unusual, eye-popping contract.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
"These policies are motivated by good intentions. But that doesn't mean that the consequences of these policies will turn out well."
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
"Government in general does a lot of things that aren't necessary," says Jared Polis.
If activists want to help young people, they should start before college.
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like.
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
Contra the famous quotation from Oliver Wendell Holmes, there's nothing particularly civilized about the way our governments spend the money we provide.
Maybe taxpayers would make fewer mistakes if the federal tax code weren't so hopelessly complex.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
"It's very easy for politicians to legislate freedom away," says Northwood University's Kristin Tokarev. "But it's incredibly hard to get back."
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
If you look closely, you'll find a lot of contradictions.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
But partisans are having the wrong debate.
"When it comes to problems happening in America, [the NBA is] the first organization saying, 'This is wrong,'" says the former professional basketball player. But then they're silent for victims of torture.
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
The policy has some bipartisan support, despite the fact that it has mostly been a failure since its inception.
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
Plus: Mistrial motion granted for Backpage defendants, court halts vaccine mandate for New York workers, and more...
The plan would make a liar out of Biden on a level reminiscent of George H.W. Bush's betrayal of his "read my lips" tax pledge.
Plus: Vaccine mandates are popular, Texas versus free speech, and more...
The ideas put forward by Robin DiAngelo and Ibram X. Kendi are fundamentally "anti-black."
And the global upper-middle class doubled.
Politicians and the media are telling bogus stories about falling fertility rates, rising inequality, and lack of economic mobility.
The number of people deemed to be living in extreme poverty was significantly inflated
An anti-market ideologue tortures the data at The Guardian.
It was true when the Pilgrims came, it's true now, and it'll be true forever.
Go find out at "Your Life In Numbers" over at the Human Progress program at the Cato Institute
Only if you think merely tripling per capita GDP by 2100 is poverty
The middle class is just as likely to get its way as are the rich, a new paper finds.
New study quantifies the damage to economic growth that the accumulation of regulations causes