CBO Raises Its Deficit, Debt Forecasts in Latest Revision
The government has a spending problem. It's one problem that isn't even on the radar screen. ...
Economics
A License to Mow Lawns? Occupational Licensure and Liberty
Occupational licensure laws are inimical to liberty and artificially create monopolies and increase prices. ...
Trump: Opening of New Pennsylvania Coal Mine Is Due to “Less Regulation”
President Trump celebrated the opening of a new coal mine in Pennsylvania as an example of what can be accomplished when government eliminates crippling regulations. ...
Ford CEO Suddenly Retires: Early Casualty of AV Revolution
The announced retirement of Ford’s CEO Mark Fields — his position to be taken by the head of Ford’s autonomous vehicle division — caught many by surprise. It shouldn't have. By...
Baltimore Mayor Vetoes Minimum-wage Bill After Doing “Research”
After doing “some research,” Baltimore Mayor Catherine Pugh changed her mind and her position on a bill that would raise the city's minimum wage to $15 an hour, saying instead that...
Trump Strategist Bannon: Austrian Economics Too Theoretical. Really?!
Trump poltiical strategist Stephen Bannon has dismissed Austrian economics as not "real world." On the contrary, adherence to its tenets would improve the economic "real world" of millions of Americans. ...
Raiders’ Move to Vegas Latest Example of Sports Crony Capitalism
The Raiders are leaving Oakland because that city refused to give the billionaire owner of the NFL team a subsidy for a new stadium. ...
Income Tax Filings Down, Income Tax Revenue Up
The IRS reports that individual income tax filings are down, while the revenue collected is up. ...
Restaurants Add “Labor Surcharge” to Tabs to Cover Minimum-wage Increases
Once again the price of economic ignorance will be borne mostly by those who are ignorant. By Bob Adelmann ...
Dodd-Frank Is a Big Problem for Small Business
Since the passage of Dodd-Frank in 2010, the percentage of loans to businesses of less than $1 million has plummeted. What's behind the decline, and what can be done about it?...
Federal Insurance Agency Backing Union Pensions Facing Crisis Itself
With union pension plans on the route to going broke and unions looking to the Pension Benefit Guaranty Corporation, it should be asked, "And just who backs up the PBGC?" ...
Former Reagan Economic Advisor Warns: Debt Ceiling “Hard Stop” for Economy
Although forecasters are surely correct that the deficit spending that the country has been engaging in cannot last forever (and will likely end in turmoil), the trick to forecasting is getting...
Trump’s 2018 Budget Won’t Touch Social Security, Medicare
Treasury Secretary Steven Mnuchin said on Fox News on Sunday that cuts in entitlement programs — i.e., Social Security and Medicare — won’t appear in the president’s budget. ...
Mortgage Delinquencies Begin an Upward March
FHA delinquency rates increased to 9.02 percent in the fourth quarter of 2016, up from 8.30 percent in the third quarter. Is a recession around the corner? ...
Study: $15 Minimum Wage Would Force McDonald’s to Increase Prices 38 Percent
The Heritage Foundation's James Sherk blows up the Robin Hood assumptions of economists who should know better. ...