Market advocates have a golden opportunity to not only reign in federal spending but to introduce much-needed privatization in the infrastructure sector.
The capital stock built in the 19th century allowed countries like Sweden to finance generous welfare states. Socialist sympathizers overlook this point and put the cart before the horse.
In the face of growing momentum for a meat tax, one must ask: are these proposals rooted in sound science and policymaking?
The disparity in wealth and overall political stability between developed and developing countries lies in their inclusive or extractive institutions, as made clear in 'Why Nations Fail.'
The underlying problems that are overlooked in this discussion are the burdensome tax policies and profligate spending programs already present in many states.
Housing supply has simply not been able to keep up with the unprecedented demand for housing in large urban centers. Sadly, most policymakers and pundits overlook this elephant in the room.
American universities are the best in the world in large part due to the presence of many that behave more like businesses that offer services. That is in contrast to institutions whose services are treated as "social rights" with prohibitions on profits.
The United States does not live in an institutional vacuum; her citizens respond to tax incentives just like they do with prices. As a result of America's onerous corporate taxes, many corporations choose to establish their headquarters in low-tax countries and also invest abroad.
Consumers are the real winners, and authoritarian governments, dependent on petroleum rents, are then forced to reform and become accountable to their citizens.
The law of unintended consequences will eventually rear its ugly head, and younger people will opt out of redistributive insurance schemes. Their exit creates a death spiral of sorts, where premiums will eventually sky rocket for the elderly and those who remain.
The key to true immigration reform is a streamlined immigration process that allows immigrants and employers to freely interact in the marketplace, while incentivizing assimilation and social harmony among new arrivals to the United States.
In the analysis of socioeconomic affairs of the United States, the value of family structure is perhaps too sensitive and close to home for many pundits and policy researchers to bring up.