Economics

Illinois Sees Record Loss of People and Income, IRS Data Shows

Illinois Sees Record Loss of People and Income, IRS Data Shows

Data released by the Internal Revenue Service shows the Land of Lincoln could be in big trouble.

Musician Has Life Savings Stolen During Police Traffic Stop

Musician Has Life Savings Stolen During Police Traffic Stop

The Wyoming Highway Patrol seized nearly $92,000 from musician Phil Parhamovich, who was never even accused or charged with a crime.

National Review Errs on Tax Cuts

National Review Errs on Tax Cuts

National Review’s Ramesh Ponnuru says the tax cuts don't tilt toward the middle class. He's wrong.

Why Republicans Shouldn't Get So Excited About Tax Cuts

Why Republicans Shouldn't Get So Excited About Tax Cuts

Congressional Republicans delivered on tax reform. That was the easy part.

Only 1 in 4 Millennials Demonstrate ‘Basic Financial Literacy,’ According to George Washington University Poll

Only 1 in 4 Millennials Demonstrate ‘Basic Financial Literacy,’ According to George Washington University Poll

Those numbers are understandable when one looks at how much time states spend on financial literacy instruction.

40 Million Americans Are Living in Poverty? FALSE

40 Million Americans Are Living in Poverty? FALSE

Census statistics on poverty ignore a great many things.

Final Tax Bill: Middle Class Gets Biggest Cut

Final Tax Bill: Middle Class Gets Biggest Cut

Republicans are expected to pass sweeping tax legislation Tuesday. Here's what the finalized bill looks like. 

Why the Alt-Right is Against Capitalism

Why the Alt-Right is Against Capitalism

The alt-right’s turn toward overt anti-capitalism is neither surprising nor new nor counterintuitive.

3 Reasons Millennials Should Consider Ditching Karl Marx for Ayn Rand

3 Reasons Millennials Should Consider Ditching Karl Marx for Ayn Rand

Karl Marx doesn’t align with what’s important to Millennials.

Rest and Quiet Contemplation: We Need More

Rest and Quiet Contemplation: We Need More

How much can the chattering class actually help me be a better person, a better husband, a better father, or a better boss?

Gay Men Now Earn More Than Straight Men, Study Finds

Gay Men Now Earn More Than Straight Men, Study Finds

A new study conducted by researchers at Vanderbilt University found that gay men make considerably more than straight men, on average.

Are 'Grinch Bots' Stealing Christmas?

Are 'Grinch Bots' Stealing Christmas?

Why we should not be making a federal case over Fingerlings.

Eating Out is Probably Devouring Much More of Your Budget Than You Realize

Eating Out is Probably Devouring Much More of Your Budget Than You Realize

A new study reveals a big gap in what people think they spend on eating out and what they actually spend. 

Are Republicans the Party for the Rich?

Are Republicans the Party for the Rich?

If the GOP wants to shed the label “party of the rich,” Republican leaders would be wise to begin thinking broadly about what’s actually in the public interest instead of throwing bones to the check-writers.

Americans Say Government is America’s Biggest Problem, Gallup Poll Finds

Americans Say Government is America’s Biggest Problem, Gallup Poll Finds

A new Gallup poll found that Americans' feelings on one issue are strikingly similar to those from a poll taken during the Watergate era.

Latest Millennial Dream Job? Farming

Latest Millennial Dream Job? Farming

Why the sudden uptick in college-educated, twenty-something, farming newbies entering the field?

Study: Too Many Jobs are Demanding Unnecessary College Degrees

Study: Too Many Jobs are Demanding Unnecessary College Degrees

If you want a job that pays a decent wage, you have to pay to play via college. But a new study suggests this doesn't have to be the case.

How Government Takes from Workers to Help the Wealthy

How Government Takes from Workers to Help the Wealthy

Pierre Poilievre, a member of the Canadian Parliament, explains why countries with big governments usually have much bigger gaps between rich and poor.

Why Millennials Should Stop Romanticizing Socialism

Why Millennials Should Stop Romanticizing Socialism

The economic track record of socialism is as dismal as its human rights record.

Progress Comes Through Conflict?

Progress Comes Through Conflict?

It is an odd thing about man; even at peace we need outlets for competition and conflict.

Venezuela's Default Disaster

Venezuela's Default Disaster

In the end, the socialist promise of free money is very expensive for all. 

Why Republicans Are Virtually Identical to Democrats on Spending

Why Republicans Are Virtually Identical to Democrats on Spending

Sanctimonious Republican arguments for raising taxes on some people ring hollow. 

Black Markets Are Saving Lives in North Korea

Black Markets Are Saving Lives in North Korea

Black markets remain a crucial element of survival for many North Koreans today.

Hey GOP, Want to Cut the Burden of Government? Cut Spending.

Hey GOP, Want to Cut the Burden of Government? Cut Spending.

We'll be getting the usual fraud which involves "tax reform" coupled with ever-increasing government spending. 

Student Loan Debt Isn’t Just a Problem for Millennials

Student Loan Debt Isn’t Just a Problem for Millennials

I’m sure there are a hundred more reasons why college tuition is so expensive, but at the very least we need to stop putting a band aid on the student loan crisis and start addressing why it happened.

To Be A Happy Person, Understand Marginal Utility

To Be A Happy Person, Understand Marginal Utility

The girl says to the guy, “It’s not you; it’s me.” The guy thinks, I’ve heard that before; she doesn’t like me. But it turns out the girl is right.

U.S. Is One Generation Away from a Greece-Like Debt Crisis

U.S. Is One Generation Away from a Greece-Like Debt Crisis

The CBO says the nation’s debt-GDP ratio is expected to rise to 150 percent by 2047, a level that 'poses substantial risks for the nation and presents policymakers with significant challenges.'

Trump’s Tax Breaks Are Not a ‘Gift' for the Rich

Trump’s Tax Breaks Are Not a ‘Gift' for the Rich

There is a tendency by some public finance analysts to mischaracterize tax breaks as a 'gift to the rich.'

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