Capitalism

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    Amazon changes its mind–New Yorkers should be happy

    New York City and State were on the verge of handing over up to $3 billion in subsidies to Amazon as an enticement (bribe) to get them to locate a new headquarters on Long Island in Queens. Luckily for the people of New York, Amazon is backing out of the…
    Roy Cordato, February 14, 2019
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on the first bill filed this year to reform the N.C. electoral redistricting process. Roy Cordato’s Daily Journal addresses the morality of wealth.
    Mitch Kokai, February 14, 2019
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    What happens when you try to pay the unauthorized substance tax

    If you are comfortable providing your name, phone number, and mailing address to get the tax stamps required for illegal substances, Jonathan Holbrook of the School of Government would like to hear how it goes. Actually, we all would.
    Joseph Coletti, February 13, 2019
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    “Physics and economics are two sides of the same coin”

    “Hierarchy is not imposed, it is natural,” Duke professor Adrian Bejan told J. Peder Zane in a recent interview. “Equality, however, is artificial, because it violates the law of evolution in nature.” Bejan comes to this conclusion because “physics and economics are two sides of the same coin,” and…
    Joseph Coletti, February 6, 2019
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    Democrats’ divorce from American ideals

    Matthew Continetti of the Washington Free Beacon probes the link between Democrats’ current policy proposals and the potential third-party presidential run from Starbucks founder Howard Schultz. I’m not a Democrat—in case you haven’t noticed—but Howard Schultz is. And Schultz isn’t one of those Blue Dog, Southern or Midwestern,…
    Mitch Kokai, February 4, 2019
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    Senator Warren’s Idea of Capitalism

    Today’s editorial in the Wall Street Journal  (paywall) is to the point: Senator Elizabeth Warren wants to turn businesses into de facto public utilities. As an example of what would happen, the editorial looks at the PG&E utility bankruptcy fiasco and the cost to taxpayers.
    Kory Swanson, February 1, 2019
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    Allison urges capitalism’s supporters to make a moral case

    John Allison writes at National Review Online about the importance of making a moral case for capitalism. Progressives want to accelerate the country’s century-long shift toward socialism with a long list of policies: Medicare-for-all, “free” college, government-run energy production and prescription-drug manufacturing, federal job and housing guarantees, dramatically…
    Mitch Kokai, February 1, 2019
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    Tax cuts, innovation, and economic growth

    Paul Romer won the Nobel prize in economics for showing how innovation creates economic growth. A new working paper from Raj Chetty and his colleagues presents a model of how much innovation results from tax cuts. Their model suggests tax changes “have no impact on the decisions of star inventors,…
    Joseph Coletti, January 31, 2019