Economy (page 9)

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    Rich millennials and socialism

    Noah Diekemper offers a counterintuitive argument at the Federalist website: Millennials like socialism because they’re rich. Our world’s runaway prosperity and casual miracles do not nurture a respect for private ownership and free enterprise, they fuel a bonfire of awkwardness. Some 97 percent of millennials own smartphones—those internet-browsing…
    Mitch Kokai, March 27, 2019
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    The economy and bad news for Democrats in 2020

    Charlie Kirk explains at FoxNews.com why recent economic news bodes ill for President Trump’s foes. [I]n President Donald Trump’s economy, I am pleased to report that Keynes’ animal spirits are moving rapidly throughout the economy and no séance is required to draw them out. Of all places, a…
    Mitch Kokai, March 26, 2019
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    Fund defends Trump’s Fed nominee

    John Fund of National Review Online ponders the criticism of President Trump’s nominee to join the Federal Reserve Board. The Washington policy guild often operates like a medieval guild in its effort to screen out “ignorant” heretics who hold disruptive ideas. Just look at their hysterical overreaction to…
    Mitch Kokai, March 26, 2019
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    North Carolina isn’t the only state to rely on JLF research, other states use it too

    JLF’s Roy Cordato’s research featured in a Truth In Accounting article on teacher pensions in Illinois: The TRS states that it uses net, not gross payments, subtracting taxes from gross payments to active and retired teachers “to be more conservative.” But there is a bigger reason to be more conservative,…
    Anna Manning, March 21, 2019
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    “The Perils of Zero-Sum Worldviews on the Left and Right”

    That’s the title of a thoughtful post by Ilya Somin on the Volokh Conspiracy blog. It’s well worth reading in its entirety, but here are a few excerpts: Some may find it surprising that the perpetrator of the recent horrific New Zealand terrorist attack that killed fifty…
    Jon Guze, March 20, 2019
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    Forbes laments un-Great Britain

    Steve Forbes‘ latest musings in Forbes magazine include a critique of British government actions since the 2016 Brexit vote. The country’s economy today is at a virtual standstill, and how the divorce with the EU will unfold remains a mystery. The ruling conservative government has been so inept…
    Mitch Kokai, March 18, 2019
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    Martin Center column targets academic radicals

    Evan Osborne writes for the Martin Center about his life among radical academic colleagues. For almost a quarter century I have been a professor of economics at Wright State University in Dayton, Ohio. After years of working there, I have learned something about how my department’s academic radicals, who…
    Mitch Kokai, March 15, 2019
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    “Do Lower Minimum Wages for Young Workers Raise Their Employment? “

    A study recently published in MIT’s Review of Economics and Statistics suggests the answer is, “Yes.” From the abstract: We estimate the impact of youth minimum wages on youth employment by exploiting a large discontinuity in Danish minimum wage rules at age 18, using monthly payroll records…
    Jon Guze, March 14, 2019