So much for being a libertarian think-tank… A Cato Institute scholar is – get this – promoting a value-added tax (VAT) and a $10,000 check for Americans. Writing in The Wall Street Journal on Monday, John Cochrane, a senior fellow at Stanford University’s Hoover Institution and an adjunct scholar at the Cato Institute, is proposing […]
Archives for September 2017
Stanley Fischer is gone from the Federal Reserve
Stanley Fischer is gone from the Federal Reserve. Fischer submitted his letter of resignation on Wednesday as a member of the Board of Governors of the United States central bank and Vice Chairman. He will step down from his post by October 13, 2017. In his resignation letter, Fischer confirmed that he is leaving the […]
Power of the Market: Legal weed prices have plummeted
It has only been a couple of years since a few states, like Colorado and Washington, legalized marijuana, but the power of the marketplace is already in full force. According to new data from BDS Analytics (via Axios), the cannabis industry has soared to more than $6 billion annually, sales are surging and, most important […]
Study: Basic income of $12,000 a year would grow U.S. economy by $2.5 trillion
Here we go again… This is just further proof that it is inevitable that countries will adopt the basic income guarantee, which will NOT replace the welfare state. Although proponents of this concept say it will end the welfare system, the federal or state governments would never eliminate Social Security, Medicare, Medicaid, food stamps, disability […]
Does Government Spending Create More Economic Growth?
By: Frank Shostak After the 2007-2009 global financial crisis, fears of ballooning public debt and worries about the drag on economic growth pushed authorities in some countries to lower government spending, a tactic that economists now think may have slowed recovery. Note that in the United States the total debt to GDP ratio stood at […]