In a libertarian world, the streets and highways would no longer be state-owned, but instead managed by private entities such as companies and cooperatives. Under this system, the state would have no role in street design, pricing, or public transport.
The death of Pope Francis highlights a concern of many Catholics, including myself. Can we believe in the free market consistently with our faith? If we accept the Peronist views of the late pontiff, we obviously cannot do so. But fortunately, there is a better option available to us.
All jobs are not created equal. This isn’t a snobbish comment meant to glorify executives while looking down on workers or that one type of industry is better than the others. Instead, it’s a statement about the difference between private sector and public sector jobs. Private sector jobs add productivity to the economy, while the public sector exists by taking away those gains through taxation. The public sector is dependent on the private sector for its existence.
A former toadie to Dick Cheney, sources say Waltz will soon be fired from his job as Trump’s National Security Adviser.
SecDef says this shows there is “no daylight” between the US and Ukraine. For those wanting the US out of Ukraine, this moves the US in the wrong direction.
Inequality has become one of the defining issues of our time. Economist Thomas Piketty—among others—has popularized the idea that capitalism inevitably concentrates wealth in the hands of a few. His solution? More taxes, more redistribution, and more government intervention.
This week, my wife and I have traveled Amtrak’s route to and from Bakersfield, California, with the Amtrak line running down the state’s Central Valley past cities like Fresno and Modesto. As our train sped down the tracks at speeds of up to 83 mph, we could see construction of the much-hyped boondoggle known simply as the California Bullet Train.
Even if this global trade war is ended tomorrow, it will take a minimum of 30 to 55 days, but more likely at 7-9 months, to normalize supply chains.
The average U.S. disposable income for 2022 was $51,147, almost $10,000 higher than the top European country, Luxembourg, at $44,773, according to World Population Review.
