Wow. It’s already been five years since Occupy Wall Street protesters infested streets all over the world, preaching the supposed virtues of socialism and espousing the evils of capitalism. It was a ridiculous demonstration that didn’t really do anything except leave a lot of mess on the streets and in parks. For Throwback Thursday, let’s […]
Archives for April 2016
Study finds regulations cost U.S. economy $4 trillion
Politicians and bureaucrats constantly say that all what the country needs is more regulations. But after a report found that regulations are costing the United States economy trillions of dollars, the main question is: how many more regulations would satisfy the appetite of statists? According to a study by the Mercatus Center at George Mason […]
Scary: Most U.S. millennials reject capitalism, one-third support socialism
Despite their love for all things iPhone, Starbucks and Angry Birds, it seems young American millennials – those 18 to 29 – reject capitalism, says a new study. According to a Harvard University survey (via the Washington Post) released this week, 51 percent of Americans under 29 do not support capitalism. It’s unknown what alternative […]
Are investors worried about municipal bonds defaulting? Nope
New data suggest that investors are not worried about high default fears when it comes to municipal bonds, reports the New York Times. Although a large number of municipalities all over the United States and in U.S. Territories face unprecedented debt woes, investors are still embracing these kinds of bonds. The data show that there […]
Are there ‘too many millionaires’? Milton Friedman sets liberal straight
It’s astounding that nearly 40 years ago, we still had this exact same conversation: there are too many millionaires and the rich have to pay their fair share. It’s incredible that the same discussion is being had, and many economists have to explain that it’s a good thing. In 1979, Milton Friedman had to constantly […]