Bad News for Universal Basic Income
Researchers found that giving people $1,000 every month for three years resulted in decreased productivity and earnings, and more leisure time.
Researchers found that giving people $1,000 every month for three years resulted in decreased productivity and earnings, and more leisure time.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
Free trade brings us more stuff at lower prices.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Some people would benefit. Others would lose money or be rendered unemployable.
And they've made the U.S. economy 9 percent smaller than it would it otherwise be.
'Immigration represents an opportunity rather than a threat to our economy and to American workers.'