I once read an essay by a white liberal — I believe this was in the New York Times — who felt compelled to demonstrate his compassion for African-Americans by declaring that he would never again have his shoes shined by a black man, because, in his mind anyway, this honest work is too demeaning. […]
Category: Economics
Government Can Solve the Savings Crisis with Small Matching Contributions to Retirement Accounts
A federal program that matches up to $500 in contributions to retirement accounts would cost one-thirteenth what Social Security does, provide triple the payout, turn every American into a millionaire, and solve our national savings crisis. And we could still keep Social Security on top of that. Perhaps the greatest crisis facing this country […]
The Blithe Ignorance of Alexandria Ocasio-Cortez Shows Why Socialism Appeals to Millennials
It sounds like the plot of some brain-dead Hollywood comedy that has already been made too many times: Movie executive: OK, here’s an idea. You know those geniuses who Jay Leno used to interview on the street who couldn’t answer basic questions like who the vice president is, or what Columbus Day celebrates? Well, what […]
Trump’s Tariffs Will Reduce Trade Deficits By Reducing Trade
It’s too bad that good politics rarely makes for good economics. Donald Trump’s historic election was in no small part due to his brilliant electoral strategy of focusing on the neglected blue-collar “Rust Belt” states that his opponent took for granted — or forgot about, or were simply too dirty for her to visit — […]
The Many Forgotten Flaws in the Walmart Wage Argument
When I was in high school there was a window that separated the administrative offices from the main hallway on which was typically posted school news and such. One day one of the teachers posted a cartoon on the window. On the left side of the cartoon was a professional athlete living in squalor, and […]
Democrats Defend the Poor from “Dangerous Dollars” and “Toxic Money”
If you ever want to infuriate a Democrat, mention that you could never see yourself as a Democrat because you care too much about the poor, and say it in such a way as to imply that it’s just understood that Democrats hate the poor. The more casually you say it the better. Guaranteed hilarity […]
Of Course College Athletes Should Be Paid!
March is, historically, the NCAA’s favorite month, with tournament basketball in full swing and revenues cascading into league coffers. But this year’s festivities come as the entire collegiate athletic establishment finds itself suddenly faced with two legal challenges to its collusive practice of prohibiting college athletes from earning money: one in which the players seek […]