Guess Who Built the Roads?
There’s a great story in the news this week about Mike Watts, a British entrepreneur who’s found a creative solution to one of economics’ most clichéd questions: “Who will build the roads?” Ever since a landslide in February, a section of the A431 roadway between Bath and Bristol has been closed to traffic.
The Costs of Unions
The economic performance of states that supports unions has lagged the economic performance of states with “Right to Work” laws. Over the last 10 years manufacturing output was stagnant in union states but increased by more than double digits in the Right to Work states, even when you exclude Michigan and Indiana which have recently passed Right to Work laws. Right to Work states continue to gain jobs and higher wages relative to union states.
The Fed and the Destruction of the Dollar
A recent “Notable and Quotable” in the Wall Street Journal highlights insights from Steve Forbes and Elizabeth Ames’s new book Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It. There is much to like in this short excerpt.