Harry Reid announced recently that millionaire job creators are “imaginary,” just like the “unicorns” that apparently advise him on economics: Senate Majority Leader Harry Reid (D-Nev.) suggested on Monday that millionaires who create jobs are a mere figment of Republicans’ imaginations. “Millionaire job creators are like unicorns,” said Reid from the Senate floor. “They are […]
read more...The folks from the Koch Institute put together a great video a couple of months ago looking at why some nations are rich and others are poor. That video looked at the relationship between economic freedom and various indices that measure quality of life. Not surprisingly, free markets and small government lead to better results. […]
read more...Here’s a new video, less than 2-1/2 minutes, pointing out some of the key differences between rich nations and poor nations. Not surprisingly, small government, free markets, and sound institutions are critical. I narrated a similar video, released more than two years ago, that makes similar points. The production values are not as high, but […]
read more...I’ve explained before that one of the most damning pieces of evidence against Obamanomics is that the economy is suffering from sub-par growth, something that is particularly damning since normally one expects to see faster-than-average growth following an economic downturn. In a recent presentation, Robert Lucas of the University of Chicago included a couple of […]
read more...There are lots of things that are important for a good life and a prosperous, well-functioning society, including family and community. But something else that belongs on the list, at least if you want more growth, is individualism. Here’s an excerpt from a new study by two scholars at the University of California at Berkeley. […]
read more...Regular readers know that I’m not a big fan of the international bureaucracies. I don’t like the International Monetary Fund because it encourages bad policy by bailing out nations such as Greece. I don’t like the Organization for Economic Cooperation and Development because it promotes bigger government with its anti-tax competition campaign. And I don’t […]
read more...I mentioned the other day a claim from CEI that regulatory burdens cost the economy nearly $2 trillion in 2008. The Phoenix Center also recently produced a policy bulletin examining the costs of the regulatory state (Hat-tip: Big Government). In quantifying the relationship between government spending and economic growth based upon 50 years of data, […]
read more...This Economics 101 video from the Center for Freedom and Prosperity gives seven reasons why the political elite are wrong to push for more taxes. If allowed to succeed, the hopelessly misguided pushing to raise taxes would only worsen our fiscal mess while harming the economy.
read more...The Center for Freedom and Prosperity and the Coalition for Tax Competition are pleased to acknowledge the strong stand three Senators have made against a proposed IRS regulation to collect additional and unnecessary information from nonresident aliens who invest in the United States.
read more...Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively rich. Argentina has enjoyed a bit of growth. Venezuela, […]
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