Economy (page 10)

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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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    Why Wait For the Feds To Act? States Can Make a Huge Difference

    The Pew Research Center’s January 2019 survey of U.S. adults resulted in an interesting list of priorities for President Trump and the U.S. Congress. The top three? The economy, health care costs, and education. But why wait for the federal government and federal officials to take action? Certainly, let’s…
    Donna Martinez, February 6, 2019
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    Wall Street Journal ponders Trump’s re-election agenda

    Editors at the Wall Street Journal outline steps President Trump could take to boost his prospects in the 2020 campaign. The paradox of Donald Trump’s Presidency after two years is that his main successes are the result of traditional Republican policies. His main trouble has come from the…
    Mitch Kokai, February 6, 2019
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    In praise of Big Business

    Kevin Williamson of National Review Online explains why America needs big business. The relationship between Big Business and small business is complicated. Big Business now employs the majority of American workers, and a lot of small-business employees are Big Business employees at one degree of separation, working for…
    Mitch Kokai, February 5, 2019
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    Ignorance of complex N.C. ABC rules doesn’t give state a pass

    Carolina Journal ABC expert, John Trump, writes that the biggest obstacle facing reform is the public having a lack of knowledge on how the system works and who profits from it. Need an explanation of the complex, Prohibition-era heavy-handed ABC laws of the state? Look no further: It’s difficult…
    Anna Manning, February 1, 2019
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    Protecting future generations by refusing to restrain growth

    A common refrain from environmental activists focuses on the need to preserve the planet for future generations. But what about the impact for future generations of policies that restrain economic growth? James Pethokoukis addresses that question in a Commentary column. … George Mason economist Tyler Cowen poses a…
    Mitch Kokai, 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