• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Economics

    Chile: Socialists Fire First Salvo at Pacific Alliance

    In office only a week, the new foreign minister of Chile, Heraldo Muñoz, is already signaling the intention of the government of Socialist president Michelle Batchelet to weaken the pro-free-market Pacific Alliance in favor of its more statist competitor, Mercosur. A move like this would seem to confirm rumors of … More

    Seattle’s Rideshare Caps Will Squash Innovators Such as Uber

    Seattle has earned the dubious honor of being the first city to cap the number of drivers that rideshare services such as Uber may keep on the road. Uber and companies like it represent a new type of cab ride for a new generation of smartphone-equipped riders, using apps and … More

    Johnson–Crapo Housing Finance Reform Misguided

    Senators Tim Johnson (D–SD) and Mike Crapo (R–ID) recently released their new housing finance reform bill. As expected, the new bill makes the bad features of its Senate companion even worse. >>> Check Out: Johnson–Crapo Housing Finance Reform Misguided The core of both this bill and the one introduced by Senators … More

    Giving the Internet Over to the U.N. -- or Worse

    How has the Internet worked so well—and stayed as free as it is—for so long? One big reason is U.S. oversight, and the Obama administration has now said it’s giving that up. Absent oversight of the Department of Commerce, the Internet Corporation for Assigned Names and Numbers (ICANN) will likely … More

    New Jersey’s New Dealership Regulations Push Out Tesla, Prevent Competition

    In a move that is blatantly anti-competitive and anti-consumer, the New Jersey Motor Vehicle Commission (NJMVC) enacted regulations that, beginning April 1, would prohibit non-franchised, non-licensed businesses from selling vehicles in the state. The regulations would effectively prohibit Tesla manufacturers from selling directly to buyers in New Jersey. You can … More

    America’s Dwindling Economic Freedom: The Root of American Retreat

    America’s economic freedom and its leadership in international security are undeniably aligned. In his recent Wall Street Journal column, William A. Galston of the Brookings Institution asserted that the nation’s continuing jobless recovery has disheartened Americans from supporting a robust U.S. foreign policy: [O]ur political leaders cannot sustain the country’s … More

    How Many Layoffs Would a Higher Minimum Wage Lead To?

    Bad news for minimum-wage workers: If President Obama succeeds in getting the federal minimum wage hiked to $10.10 an hour, some workers could lose their current jobs. According to an Express Employments Professionals survey released Wednesday, a whopping 38 percent of employers said that they would lay off employees if … More

    9 Things Janet Yellen Tried to Say Carefully as the Dow Plunged

    Janet Yellen appeared to emerge with her confidence intact this afternoon after her first press conference as chairman of the Federal Reserve. However, stock markets dropped sharply when, as head of the nation’s central bank, she said the Fed may begin to raise interest rates “six months” after the final … More

    New Book Exposes Entitlement Dangers

    A new book by Jagadeesh Gokhale sheds light on the magnitude of unfunded federal entitlement obligations. Gokhale compiles extensive evidence that America’s current spending path is unsustainable and that the short-term budget impact does not describe the full cost of entitlement programs: [B]udget agencies are refusing to report implicit debts … More

    One Problem We Still Haven't Fixed

    You may not have heard much about the housing market lately…but that isn’t because it’s safe. Leaders in Washington were in denial about Fannie Mae and Freddie Mac’s finances before the last housing crisis. We know how that turned out. And taxpayers are still on the hook for the loans … More