Soon, oil companies may pump more crude in America than they ever have before. The U.S. may produce more than 10 million barrels a day by early next year. Bradley Olson and Alison Sider report: Easy Wall Street cash is leading U.S. shale companies to expand drilling, even as most lose money on every barrel […]
“But that wasn’t real socialism!”
Every time socialism is attempted, it fails. The answer from socialists each time, “that wasn’t real socialism.” The Institute of Economic Affairs has created a great video explaining the circular thinking phenomenon. Hat tip to Cato Institute scholar Dan Mitchell for highlighting this great video on his blog, International Liberty. Socialism: Doomed before it begins!
Connecticut—the Chickens Come Home to Roost
As an intro to NRO’s “Rust Belt Connecticut,” read first from Timothy O. Jones, associate editor at Young Research & Publishing, why he left the Hudson Valley region of New York, Connecticut’s neighbor, where he grew up. No surprise to me. That’s why I’m here (Aquidneck Island) and not in the heart of the Hudson […]
Parents Listen Up: You Gotta Make Work Cool Again
I’m optimistic this morning. Lucky you. One reason why, is that my Cato friend Tucker Carlson is replacing embattled, former Fox News host Bill O’Reilly. If anyone is up to the task to fill this important time slot, it’s Tucker Carlson. He can bridge the gap between the Baby Boomers and the Millennials. He has […]
Are States Facing a Debt Driven Brazil-style Future?
Dan Mitchell warns that American states with underfunded pension liabilities are facing a future not unlike the present suffering currently endured by Brazil. States are under-funding their pensions by more than $1.5 trillion. Mitchell writes “Brazil is already sufferingthe inevitable consequences of a pension system that treats bureaucrats as a protected and cossetted class.” He […]
As Pension Debt Crests $1.5 Trillion, States are Headed Toward Crisis
The Tax Foundation has created a map of each state’s pension funding situation. It’s not pretty. If you live in South Dakota, Oregon or Wisconsin, your state is in great shape. All three have funded their pensions over 100%. But if you rely on a state pension in Illinois or Kentucky, it could get rocky. […]
How President Obama Achieved Slower Growth and More Inequality
Democrats and progressive economists like to tout the economic “boom” Obama has left to President Trump. But here is a reality check, as reported by the WSJ. According to the Commerce Department, “growth clocked in at 1.9% for the last quarter of 2016, which was a major deceleration from 3.5% in the third quarter after […]
Mr. Trump, It’s Time to Empower Small Business Owners
Forget all the downstream issues and get America’s small business owners supercharged to launch a tsunami of innovation and job creation. Everything else is secondary until you deliver on your promise to make America great again with jobs and innovation. Yes, Americans want you to nominate a Scalia-like Supreme Court justice (do so on inauguration […]
How Millennials Really Feel about this Election
Nearly a third of Millennials back the idea of socialism, and fewer than half support capitalism. That’s terrifying for the future of this country! But there is evidence to suggest that Millennials simply don’t know very much about either concept. Using more descriptive labels like “free-market system” and “government-managed economy,” in place of capitalism and […]
Obama: Worst Growth President in Decades
The Wall Street Journal reports this unsurprising finding: Economic growth is now tracking at a 1% rate in 2016—the weakest start to a year since 2011—when combined with a downwardly revised reading for the first quarter. That makes for an annual average rate of 2.1% growth since the end of the recession, the weakest pace […]
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