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 […]
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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 […]
‘Socialist Paradise’ Venezuela orders two-day work week amid daily four-hour blackouts
It turns out that socialism is proving to be really catastrophic for Venezuela. When you mix price controls, inflation, central economic planning and inept government officials, you get this: daily blackouts. Venezuelan President Nicolas Maduro announced this week that his government will order public employees to work only on Mondays and Tuesdays as the country […]