Capitalism

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    Cato to launch Simon Abundance Index

    Ronald Bailey writes for Reason.com about a new tool designed to celebrate human ingenuity. Economist Julian Simon from the University of Maryland understood that the authors of The Limits to Growth were vastly underestimating human ingenuity operating under the rule of law in free markets to solve problems…
    Mitch Kokai, April 22, 2019
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    Bernie Sanders proves Cordato’s point; he’s not a socialist

    Sanders said, "I wrote a best-selling book. If you write a best-selling book, you can be a millionaire, too."
    Jon Sanders, April 10, 2019
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    How 2019 could be like 1969

    World events from the failed Arab Spring to the elections of 2016 “should have mugged” conservatives to question the post-War “secular-liberal-technocratic consensus,” says New York Post Op-Ed Editor Sohrab Ahmari. In his First Things review of Max Boot’s memoir The Corrosion of Conservatism: Why I Left the Right, Ahmari sees parallels…
    Joseph Coletti, April 10, 2019
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    Oh dear, the NC Education Lottery thinks it’s stimulating the economy, too

    Not long ago I shook my head at a boast in a report by a government monopoly claiming that it is "Stimulating the State Economy." Turns out, it wasn't the only one.
    Jon Sanders, March 28, 2019
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    Higher minimum wage, more crime

    A new working paper’s conclusions make sense if you believe the data that a higher minimum wage makes it harder to find low-skill jobs. The impact is significant Our results provide no evidence that minimum wage increases reduce crime. Instead, we find that raising the minimum wage increases…
    Joseph Coletti, March 18, 2019
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    President Trump Donates His Salary. Here’s Where.

    President Trump makes $400,000/year as president. He doesn’t accept it, however. Each quarter, he donates $100,000. As Fortune explains, the latest donation is to the National Institute on Alcohol Abuse and Alcoholism. The president has spoken openly about his brother Fred, who had a serious alcohol problem. What about…
    Donna Martinez, March 11, 2019
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    Mills’ missive misses the mark in some respects

    It’s nice to know that a left-of-center commentator can read one of my columns and respond with something more intelligent than name-calling. Contrast Thomas Mills’ reasoned response to that of a standard-issue internet troll. (I stopped reading the troll’s words after “You dipshits.”) Nonetheless, Mills doesn’t quite…
    Mitch Kokai, March 6, 2019
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    Daily Journal: Freedom, not socialism, offers path to better outcomes

    John Locke Foundation’s Mitch Kokai writes for Carolina Journal‘s Daily Journal: The index measures freedom in five areas: government size, property rights, sound money, free trade, and regulatory burden. Once Lawson and his colleagues examine 42 variables under those broad categories, they rank 162 countries from top to bottom.
    Anna Manning, March 5, 2019