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    State of Union Disregards Economic Freedom

    The Los Angeles Rams announced they were moving to St Louis. President Clinton gave Mexico $20 billion to bail out the peso. Baywatch babe Pamela Anderson married rock-n-roll bad boy Tommy Lee. And, the Index of Economic Freedom made its debut. It was 1995. This month, the Wall Street Journal … More

    Risky Business in Emerging Markets

    Emerging markets have been taking a beating in 2014. As money rushes out of these economies and currencies depreciate, central banks in Turkey, South Africa, and Brazil have been forced to intervene. Much of the diagnosis for emerging-market troubles has been focused on the U.S. Federal Reserve’s taper. The argument … More

    Krugman Changes His Tune

    Paul Krugman hates it when conservatives mention that welfare benefits and taxation induce some people to leave the labor force. Today, he wrote of “moochers not really seeking work because they’re cradled in Paul Ryan’s hammock” – mocking the idea that some people have stopped looking for work because of … More

    January Jobs Report: Few Signs of a Thaw

    In January, the economy added 113,000 new jobs and the headline unemployment rate dipped to 6.6 percent, according to the Bureau of Labor Statistics. The survey of households shows very good news, namely a large increase in the number of people employed. The employment-population ratio reached 58.8 percent, matching its … More

    You Can't Trust Washington on Immigration

    President Obama can’t be trusted to enforce U.S. laws—and that makes many lawmakers hesitant to pass new immigration laws. House Speaker John Boehner (R-OH) said yesterday that this was proving to be a roadblock: Listen, there’s widespread doubt about whether this administration can be trusted to enforce our laws. And … More

    Obamacare Mandate Means Minimum Wage Employees Cost Businesses $10.30 an Hour

    The Congressional Budget Office (CBO) just reported that President Obama has already effectively raised the minimum wage. How so? The Obamacare employer mandate requires employers that do not provide “qualifying” health benefits to pay a steep penalty. Few minimum-wage employers provide Obamacare-compliant health coverage. So the penalty adds to their … More

    Bam! We're Already Hitting the Debt Ceiling Again

    It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again. The CBO’s report, which dropped the bombshell that Obamacare is projected to push 2.3 million people out of the … More

    Index of Economic Freedom in Action During a Senate Budget Committee Hearing

    Senator Jeff Sessions (R–AL) recently asked David Rosenberg, chief economist at a Canada-based global wealth management firm, at a Senate committee hearing: Mr. Rosenberg, according to the 2014 Index of Economic Freedom, Canada is more economically free than the United States.… Would you say that [the progress Canada] has made … More

    Conservatives and Business Agree on the Need to Cut Government

    America’s business leaders and conservatives agree: Government should cut costs, stop overregulating, and shrink.  America’s economic freedom and the economic growth it generates depend on it. President Thomas J. Donohue of the U.S. Chamber of Commerce recently expressed concern about the continued fall of the U.S. in the rankings of … More

    Where's the Bad News on the Deficit? Here It Is.

    The Washington press corps was all atwitter yesterday with the news that the budget deficit is shrinking and the red ink will hit a seven-year low of $514 billion this year and $478 billion next year. Wait. This is progress? Half-trillion-dollar deficits would have been unthinkable a decade ago; now … More