Daily Economy News

Friday, April 26th, 2019

Rep. Alexandria Ocasio-Cortez’s Green New Deal may have died in the Senate after a 0-57 vote that blocked the resolution, but in New York City, one of the deal’s main proposals has found a new home.

Thursday, April 25th, 2019

If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.

Tuesday, April 23rd, 2019

One of the most groundbreaking characteristics of social media is that it connects consumers and entrepreneurs directly, giving businesses the opportunity to better understand and serve their clientele.

Monday, April 22nd, 2019

When more competitors enter the market, it simply gives consumers more options. That doesn’t necessarily mean that established firms will disappear; it only means that they will have to adapt to meet customers’ demands so they can better compete with the newcomers.

Friday, April 19th, 2019

As millennials struggle to pay off their debt, buying a home and building a family both become a distant dream. Thankfully, we can use data provided by the OECD to urge others to look at the student-loan crisis from a different perspective. Perhaps in time, more will realize that our reliance on the state is why we’re in trouble.

Wednesday, April 17th, 2019

As we see in the aftermath of this tragedy, it is private citizens like them who truly care, while governments such as Macron’s will often leave publicly owned monuments on the verge of abandonment. It is only when major incidents like this happen that we truly appreciate private ownership.

Monday, April 15th, 2019

In recent decades, many states began to look at criminal-justice reform to fix their own systems. With overcrowded prisons burning through taxpayer cash, many state lawmakers sought to pass reforms to help keep nonviolent prisoners from being thrown in jail for life. Unfortunately, not of all of these reforms went far enough, as drug-related offenses remain on the books.

Friday, April 12th, 2019

Government regulation isn’t just bad because it ignores the unintended consequences that restrictions produce over time. Regulation is also bad because it invites cronyism.

Thursday, April 11th, 2019

Also known as the yellow-vests movement, the gilets jaunes movement in France gets a lot of hate from the left-leaning media. To critics, climate change requires government action, and if that means the working class will have to endure more poverty and misery, that’s just how it is.

Thursday, March 28th, 2019

Whether governments are going after scooters, targeting Google for selling advertising space, or limiting consumers’ data access, it seems that not even Europeans’ eroding trust in government is enough to get them to rally against stifling innovation. Still, tech fights on.

Friday, March 15th, 2019

By finding a way to make the life of consumers easier, Kohl’s managed to stay relevant while boosting its sales in the meantime. In this case, the firm learned that if you can’t beat them, you might as well join them. And by working on something new, something that has drawn in younger customers to its stores, the company has used Amazon’s popularity among the younger crowd to get more people to walk inside its shop.

Thursday, March 14th, 2019

Young people were never as deep in debt as they are now, a new New York Federal Reserve report claims. And while there are plenty of factors that led to the current crisis, there are some underlying economic problems that have made this situation worse.

Friday, March 8th, 2019

Still, there’s absolutely no need for the government to pretend it has the duty to provide this service. As a matter of fact, it is the very roadblocks imposed by local governments that make it difficult for companies to have a greater presence in remote areas.

Thursday, March 7th, 2019

Despite their recommendations, technology offers a sometimes more effective — and affordable — alternative to putting patients face-to-face with psychologists. All that the government agency has to do to truly help patients is to get out of the way.

Tuesday, March 5th, 2019

It’s 2019, nearly five years after the Flint, Michigan, water crisis became news nationwide. But the city is still struggling to get access to clean water.

Wednesday, February 27th, 2019

A record 7 million Americans are now behind on their auto-loan payments. But as auto loans have surged by nearly 35 percent since 2008, one might wonder if the government has a hand in this new crisis.

Friday, February 22nd, 2019

With 40 percent of student-loan borrowers expected to default by 2023, this proposal may appeal to many in the federal government. But when a crisis such as this is born out of artificial demand for college education, which inflates the cost of pursuing a degree, wouldn’t this purported solution add more fuel to the fire?

Friday, February 22nd, 2019

Drone technology has a lot of untapped potential. Unfortunately, most Americans might only know about the unmanned aerial vehicles thanks to the U.S. government and its unconstitutional drone war.

Tuesday, February 19th, 2019

Truckers involved in the “slow roll” protest argue that the regulations in question decrease how much time they can drive per day. And as the nation faces a shortage of truck drivers, retailers are more pressed than ever to find efficient ways to get their goods delivered fast.

Tuesday, February 19th, 2019

According to a recent New York Times piece, workers who supported and helped to push for the minimum wage increase in New York City are now being fired — and for unfair reasons, they claim. But how could anyone call these firings unfair when employers are being forced to raise everybody’s wage?

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