Economy (page 111)

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    Is anyone really going to ride the Lynx Blue Line extension?

    I’m super skeptical about this.  According to the Charlotte Business Journal, the Charlotte Area Transit System (CATS) allowed nine “current or potential future riders” to preview the Lynx Blue Line extension that is going to open mid-March.  And based on those nine people, the article seems to imply that…
    Julie Tisdale, February 20, 2018
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    Another great idea: Taxing innovators to pay for welfare

    Editors at Investor’s Business Daily pan a new study from across the pond. It suggests taxing innovative companies in order to pay for a universal basic income. A new “study” in Britain suggests that by raising taxes sharply on Facebook, Amazon and Apple, the government could pay for…
    Mitch Kokai, February 20, 2018
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    Gilder shares concerns about the economic future

    Rich Karlgaard of Forbes interviews technology prophet George Gilder about the long-term outlook for technology innovation. Q: Is technology progress accelerating or decelerating at the level of society? Gilder: It’s continuing to advance, accelerating in some areas, such as cryptography and sensors, and bogging down in others,…
    Mitch Kokai, February 19, 2018
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    Forbes identifies two key economic challenges

    Steve Forbes devotes his latest Forbes magazine column to a pair of obstacles that threaten economic growth. TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some…
    Mitch Kokai, February 19, 2018
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    Europe’s poverty problem

    Edoardo Campanella writes in Barron’s about dubious schemes designed to battle poverty in Europe. The poor don’t often decide elections in the advanced world, and yet they are being wooed heavily in Italy’s current electoral campaign. Former Prime Minister Silvio Berlusconi, the leader of Forza Italia, has proposed…
    Mitch Kokai, February 19, 2018
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    Rent Control: Good For Me, Bad For the Rest of You

    Mandating artificial caps to the amount a landlord can charge for rent clearly helps the people who are living in those units. They pay less than the market price and, therefore, save money. But like mandated hikes in the minimum wage, there are many more losers than winners. Natalie Delgadillo…
    Donna Martinez, February 19, 2018
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    Writing at mises.org, Roy Cordato Explains Gov’t Stimulus is the Real Trickle-Down Economics

    “Trickle-down economics” is used frequently by critics of supply-side economic policies. But JLF’s Roy Cordato points out that, contrary to conventional wisdom, it is those who believe money should flow from government who are the true believers in trickle-down theory. He explains at mises.org: In fact, it is nearly…
    Donna Martinez, February 15, 2018
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    Hundreds of thousands of dollars, but no new jobs

    The incentives game really has turned into a race to the bottom.  It used to be that state and local governments would put together a package to help lure a large company for a major project bringing significant numbers of new jobs to an area.  That sort of incentive package…
    Julie Tisdale, February 13, 2018