Once again the free market is working its magic — this time in the automotive field, with driverless cars and leased cars. Its "invisible hand" is making life simpler, easier and cheaper.
Further evidence of the federal government’s vast overreach can be found in a report out of the Competitive Enterprise Institute (CEI) that reveals that over 3,500 new regulations were issued in 2014, and 224 new laws had been passed. According to the report entitled Ten Thousand Commandments, the cost of government regulations is $1.88 trillion per year, or $14,976 per every household.
Keynesian experiments with the economy are having, once again, unintended consequences. Freshly created money, instead of acting as a stimulant, is acting as a sedative.
The Left is correct that the top one percent of Americans have gotten richer while the bottom 99 percent have stagnated, but they couldn’t be more wrong about the reasons why.
According to a Boston University economics professor who specializes in generational accounting, U.S. agencies are intentionally deceiving the public into believing that the federal government is not absolutely broke.
In a country where people extol the virtues of free enterprise, why is the U.S. government involved in the delivery of mail? After all, it would be difficult to find a better example of a violation of the principles of free enterprise than the U.S. Postal Service.
In calculating personal income in the United States, the Tax Foundation is missing a huge part of the economy: the one that runs just fine without government interference.
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just over $200 billion currently.
Americans may not be too surprised to learn that the 5.6 percent unemployment rate the U.S. Department of Labor is touting is entirely misleading; it's currently 12.6 percent.
The United States' 12th place in the world this year in economic freedom will be corrected downward in the next few years as more federal regulations kick in.