In Ecuador, for instance, the 1999 dollarization has brought economic stability, kept inflation at bay, and even neutralized the effects of plenty of misguided policies introduced by former President Rafael Correa, a Maduro ally.
Daily Economy News
South Africa is now at a critical juncture. Expropriation with a racial twist will only revive the spirit of apartheid, but this time in reverse.
It is not just Canada; every single Olympic Games for which data was available exploded its budget, without exception. The Olympics are so grossly miscalculated that the authors concluded that they “have the highest average cost overrun of any type of mega-project.”
Quebec’s subsidized daycare program is a prime example of policies that sound good for political campaigns but are detrimental when implemented.
Lost in the talk about autonomous cars and trucks are discussions of the of advances in automation on the high seas. In coming years, the world’s first autonomous boats will leave their dry docks.
The crucial answer: the federal government has access to a printing press that can run without limit. The Federal Reserve is the reason. This is why their default risk premium on US debt is completely unlike that of Illinois, Microsoft, or you and me.
For retail giants such as Amazon and Walmart, an internet sales tax is a dream come true in their quest to crush the competition.
I seriously doubt there will ever be another Facebook. The solutions of the future will be decentralized. Already, most of us run a half dozen – or maybe several dozen – apps in our suites of software that allow chat, sharing, conversations, groups, and so on. The competition will never end, and we will all learn to find joy in the ongoing process of innovation and choice. This is how it should be. Maybe at the end of this, we’ll find the right balance between the privacy we desire and the notoriety we crave. For impossible jobs such as this, I wouldn’t trust the FTC to fix the problem. You have to leave it to the market.
Louisiana should make it easier for low- and moderate-income workers to become florists, bartenders, barbers, and many of the 77 occupations that require an occupational license.
The Politically Incorrect Guide to American History raised considerable controversy at the time of its release, above all, from mainstream academic circles. This comes as no surprise, considering that the field has been dominated by statist intellectuals of all stripes over the past century or so.
The “sweet spot” that facilitates spillover effects occurs with foreign firms with local market focus and highly tangible assets. Although the results are not uniform, this new research shows that far from being detrimental, foreign companies keep local ones on their toes, as locals search for ever better ways to serve customers and piggyback on newly observed strategies.
Sell drugs, get the death the penalty—just the latest policy proposal that politicians are desperately scurrying to in their futile attempt to win the Drug War. Simple economics of prohibition illustrates why this plan would be a disaster.
Ten years after the financial crisis that triggered a global economic downturn, many Americans are still struggling to get back on their feet. It's no surprise then that resentment against Wall Street bailouts continues unabashed.
If Trump wants to make America great again, he can start by closing the Ex-Im Bank. America’s success was built by free-market capitalism, not government privilege.
The violence in Baltimore has been so rampant that a fourth facility was built with $43.6 million in taxpayer money to hold the dead before autopsies could be performed.
Instead of focusing on top-down measures to tackle the issue of immigration, policymakers should consider decentralized approaches that streamline the legal immigration process, thus making it more attractive to prospective immigrants.