Vice President-elect Mike Pence has no idea what the term “free market” means, or at least, that is what his most recent statement would suggest. Defending President-elect Trump’s $7 million deal with Carrier, Pence recently stated, “the free market has been sorting it out and America’s been losing.”
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Okay, maybe not exactly. They are using state coercion to force companies not to pay their CEOs more than 100 x the companies’ median employee. Businesses in Portland, OR, who pay such “too high” salaries to their CEOs will be hit by a 10% surcharge on their taxes. This, if policy-makers and other economic illiterates are to be believed, will make Portland more equal.
They probably think businesses will stay in Portland, and possibly even move to Portland, despite this new rule.
From Brexit to Donald Trump’s election, the surge in populism this year has revealed that many voters believe something is wrong with the world’s political and economic system. What is less clear is what exactly can be done to combat these problems.
Xanthe Pajarillo has petitioned her city council to somehow get the local McDonald’s restaurants to offer the McRib sandwich. The McRib features ground pork shaped like four ribs and McDonald’s signature barbecue sauce. Some people love it. Others hate it.
The United States was originally constructed in such a way that the states themselves would dominate the electoral process. Historically, states have determined who can vote, when they vote, and how they vote. Through this power states have also be given limited de facto power of determining citizenship.
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Friday night at 10 pm ET on Fox Business, Ryan McMaken and John Stossel will discuss how price controls, minimum wages, and anti-trade policy won’t make a country rich, whether it’s Venezuela or the United States.
The Articles of Confederation have been denounced for so long that no one bothers to denounce them anymore. Almost every American and almost every single person around the world who studies American history at any level considers the Articles a failure. The failure of the Articles is as sure as the sun rising tomorrow. It’s just an accepted “truism” that they did not work and that we Americans needed something to replace them.
Even those who take seriously the criticisms of the Constitution by the anti-Federalists typically believe the Articles a disaster.
As we look at things that impress us technologically we also have a certain trepidation, because we’re told that robots are going to take our jobs. “Yes, the internet is wonderful,” we may say, “but robots, I don’t want those.”
