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  • Economics

    European Central Bank Lowers Interest Rates, Trumping "Zero Lower Bound" Theory

    The European Central Bank (ECB) lowered a key interest rate to 0.25 percent on Thursday. This is a big deal, since it demonstrates that the ECB has the ability and the will to stabilize euro inflation, which has fallen below the ECB’s target and become a drag on real growth. … More

    Wal-Mart and Economic Freedom in India

    Wal-Mart recently decided to part ways with the Indian firm Bharti, thus ending its efforts to penetrate India. The breakdown in cooperation between the Indian and American firms highlights some of the hardships that businesses face when considering operating in India. Due to strict foreign direct investment (FDI) regulations, undeveloped … More

    Why Conservatives and the Business Lobby Can’t Just Get Along

    Even before Democrat Terry McAuliffe narrowly defeated Republican Ken Cuccinelli in the Virginia governor’s race, lobbyists representing the business community were rethinking their relationship with the GOP and planning to challenge conservative incumbents in next year’s primaries. Their goal: to replace principled conservatives with candidates who will be more protective … More

    FDA’s Proposed Trans Fat Ban: An Attack on Freedom

    The Food and Drug Administration (FDA) is taking the first step to ban trans fat. It has made a preliminary determination that partially hydrogenated oils (PHOs), which are the major dietary source of trans fat in processed food, are not “generally recognized as safe.” The agency is seeking public comments … More

    Economy Still Growing Too Slowly

    The Bureau of Economic Analysis’s (BEA) first estimate of economic growth for the third quarter of this year shows an economy that continues to grow at a plodding pace. According to BEA, the economy grew at 2.8 percent from July 1 through September 30. This was slightly faster than the … More

    House Farm Bill Conferees Will Allegedly Agree to Controversial Property Provision

    According to a recent Politico article (subscription required), Representative Collin Peterson (D–MN), ranking member of the House Agriculture Committee, claimed that the House farm bill conferees are expected to give in to the Senate on a controversial provision involving how farmers use their land: Peterson said there’s already some agreement … More

    The Road to a $12.50/Hour Minimum Wage in D.C. Is Paved with Good Intentions

    If only the D.C. city council understood good intentions do not ensure good results. Council members are debating four different proposals to raise the city’s minimum wage from $8.25 per hour ($1 above the federal minimum) to between $10.25 and $12.50 per hour. Proponents of the legislation want to help … More

    Just One Dollar Less: Why Washington’s Budget Will Be $150 Billion More in 2014

    What would happen if lawmakers took this year’s budget, subtracted $1, and made that the budget for next year? Let Freedom Ring made this video asking policymakers to do just that: If lawmakers did this, they would need to cut the 2014 budget by nearly $150 billion. That’s right: Federal … More

    Should Government Restrict the Candy Supply?

    What happens if there are too many Reese’s Peanut Butter Cups in the marketplace? What if there’s an influx of imported jelly beans? This simply can’t be allowed. The federal government must restrict supply to ensure that all children can enjoy the right amount of candy this Halloween at the … More

    Tax Revenue Rose Five Times Faster Than Spending Fell in 2013

    The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2 percent from $2.45 trillion in 2012 to $2.77 trillion in 2013. Spending, on the other hand, fell by only 2.4 … More