Elon Musk: Once an Entrepreneur, Now a Crony Capitalist
Entrepreneur Elon Musk has discovered its easier and more profitable to transfer his companies' risks to the taxpayer than to bear them himself. ...
Economic Commentary
United States No Longer First in Global Competitiveness
Obama's promise to "change" America is being fulfilled, as the environment for business has increasingly become more hostile. ...
Trump Reverses — Now Open to Minimum-wage Hike
Now that he apparently has secured the nomination, Donald Trump has joined with Democrat rivals Hillary Clinton and Bernie Sanders in supporting an increase in the minimum wage. ...
Harvard Survey Shows Millennials Oppose Capitalism, But Do They Really?
A survey conducted by Harvard University indicates that a majority of Millennials do not support capitalism. While the results may be troubling, however, some contend that the Millennials’ antipathy toward capitalism...
Panama Papers: Gov’t Corruption Is the Scandal, not Privacy
While the media-manufactured “scandal” of “rich people” allegedly hiding money from politicians in offshore accounts continues to be exposed as largely bogus, there have been some interesting revelations of alleged corruption...
$15 Minimum Wage Laws Spreading Across the Country
A $15 minimum wage law was passed in California, and New York's will soon follow. But high minimum wages only end up hurting the economy and the poor. ...
Brazil’s Economy Entering Depression
Brazil's President Dilma Rousseff’s attempts to stimulate the slowing economy through massive insertions of new debt has in fact had the opposite result. ...
Markit Ltd. Says U.S. Economy Is Faltering
Markit Ltd., the London-based global financial information behemoth, issued an early warning about signs of the coming recession in late February when it published its services purchasing managers’ index. ...
Evidence Mounts for U.S. Recession in 2016
The latest data reveal that the U.S. economy is headed for a recession by the end of the year. ...
Junk Bonds Are Predicting a Junk Economy
Although the narrative from the Obama administration is one of an economy that has been humming along nicely, the reality is that the Federal Reserve primed the pump with historic and...
New Obama Regulations Will Make It Harder to Hire and Promote White Men
Obsessed with identity politics, the Obama administration plans to force businesses to divulge salary data — broken down by race and sex in order to “equalize” American wages. ...
Puerto Rican Senate to Investigate Causes of the Island’s Financial Woes
When something is free, demand for it is unlimited. But there's always a day of reckoning, as Puerto Ricans are finding out. ...
Florida’s Economy Rebounds Thanks to Cuts in Taxes, Spending, Regulations
No surprises here. When taxes, regulations and spending are all cut, the free market can breathe again. ...
Puerto Rico Defaults Today on Part of $1B Debt Payment
Puerto Rico has been paying its debts by borrowing. Today many of those lenders are going to be disappointed. ...
Congress Votes to Raid Fed’s Slush Fund to Pay for Highways
With a seemingly innocuous transportation bill, the Federal Reserve's precious "independence" is being threatened — which could be a first step toward its abolition once people realize how the system works....