The latest Index of Economic Freedom released by the Heritage Foundation and the Wall Street Journal shows just how successful the Bush and Obama administrations have been in their seeming attempts to turn the United States into a Third World economy.
Democrats plan to demagogue income inequality and the wealth gap for political gain in this year's elections. Most of what's said about income inequality is stupid or, at best, ill-informed.
Today is our lucky day, the day each year my wife and I get to be on the receiving end of multiple doses of federal welfare.
The free market continues to stay at least one step ahead of the regulators, this time with incandescent light bulbs.
Fifty years ago this week, President Lyndon Johnson announced the “War on Poverty” during his first State of the Union Speech. Under the Obama administration, however — five decades, countless unconstitutional federal welfare programs, and more than $20 trillion later — poverty levels remain largely unchanged even based on official numbers, and dependence on government has reached unprecedented new heights.
Last year, federal regulations imposed an additional $112 billion in regulatory costs and 157.9 million paperwork burden hours on Americans, according to a study by the American Action Forum.
Following the allure of fast money, governments are taking over an enterprise that was mainly a province of the mob. Are the projects becoming golden geese or just laying eggs?
In the political arena, one dumps on people who can't dump back on him. Minimum wages have their greatest unemployment impact on the least skilled worker. After all, who's going to pay a worker an hourly wage of $10 if that worker is so unfortunate as to have skills that enable him to produce only $5 worth of value per hour?
In the Senate, a test vote narrowly advanced a bill to extend long-term unemployment benefits, with Democrats refusing to compromise and Republicans accusing them of political posturing.
Sen. Paul denounces “money laundering,” “veil of secrecy,” and “revolving door from Wall Street to the Treasury to the Fed” after Janet Yellen voted in as chair of the Federal Reserve.