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Tag Archives: Economic Freedom


Trump Announces E.U. Has Granted Trade Concessions

By Jack Crowe • National Review

President Trump announced during a Wednesday press conference that his meeting with European officials yielded key trade concessions, including an increase in American soybean and liquefied natural gas (LNG) exports to Europe, and a commitment to work toward eliminating non-auto tariffs entirely.

“We have agreed today to work toward zero tariffs, zero tariff barriers and zero subsidies on non-auto industrial goods,” Trump said, reciting a joint statement crafted with European Commission president Jean-Claude Juncker. “We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans. The European Union is going to start almost immediately to but a lot of soybeans, they’re a tremendous market, to buy a lot of soybeans from our famers in the midwest primarily.”

“The European Union wants to import more liquefied natural gas from the United States and they’re going to be a very big buyer. We’re going to make it much easier for them but they will be massive buyers, so that they will be able to diversify their energy supply,” he added.

Continue reading


President Trump’s Economic Recovery Proves America’s Freedom Still Has A Chance

By Adam Mill • The Federalist

Recently, Jesse Kelly wrote a worthy article forecasting the United States’ decline and eventual suffocation in the quicksand of socialism. He correctly notes that as government gets bigger, freedom must get smaller.

Kelly clearly fears a socialist America will follow the failures of Greece, Venezuela, and every other country that has followed a welfare state model to its logical conclusion. While he is absolutely right that economic failure and socialism are inexorably related, he is not correct that the United States is on an unstoppable path to this oblivion.

Take cheer, Kelly: we have reason to be optimistic as a result of President Trump’s brief but dazzling experiment with cutting taxes and regulation. While government is growing, it’s not growing fast enough to crowd-out all freedom. One byproduct of the Trump boom is that economic growth is actually outpacing growth in government spending. The government’s share of gross domestic product has fallen to Continue reading


Boom — Jobs Aplenty as Economy Steams Ahead

By Washington Examiner

The economy is booming. Even the New York Times, no fan of the president, decided that “splendid” and “excellent” were appropriate adjectives to describe Friday’s jobs report from the Bureau of Labor Statistics.

These showed the nationwide unemployment rate falling to 3.8 percent. If it improves yet further, it will hit lows not seen since the 1960s. The unemployment rate among black people fell to 5.9 percent, an all-time low, which makes one wonder how many African-American voters might think twice about voting against the incumbent Republicans in the midterm elections. The Hispanic or Latino unemployment rate ticked up a tenth of a point, but remains below 5 percent. Before President Trump took office, that stat could only be said of one month since the statistics bureau began tracking it in the 1970s.

The good news is not confined to the fact that there is an abundance of jobs. Wages are rising, too. For the first time Continue reading


U.S. Economy Has Its Growth Mojo Back

By Stephen Moore • Investor’s Business Daily

T.S. Eliot famously wrote that “April is the cruelest month,” but when it comes to America’s fiscal picture, nothing could be further from the truth about this April. The latest government numbers confirm that last month was a blockbuster for growth, federal revenues, and deficit reduction.

One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems – from poverty, to inner-city decline, to lowering the national debt.

We’re not quite at a sustained elevated growth rate of 3% yet, but the latest economy snapshot tells us we are knocking on the door. The growth rate over the last four quarters came in at 2.9% — which Continue reading


U.S. Back At No. 1 Competitiveness Ranking

By Investor’s Business Daily

Economy: Have Donald Trump’s policies had a big impact on the U.S. economy and its competitiveness? The answer, we think, is an obvious yes. Now comes a new report, based mainly on “hard” data, that confirms that.

The report comes from the IMD Competitiveness Center in Switzerland. Each year it ranks countries by 256 different variables to come up with its global competitiveness rankings.

For 2018, there was a surprise: The U.S. leapt three places to take over the top spot in global competitiveness — just ahead of Hong Kong, Singapore, the Netherlands and Switzerland. That jump was based on its “strength in economic performance and infrastructure,” ranking first in both areas.

That this is so shouldn’t shock anyone with any knowledge of what’s going on in the economy.

Since Trump took office, GDP growth has Continue reading


Frontiers of Freedom Statement on the U.S. Postal Service’s Latest Losses and the Administration’s Opportunity to Transform the Agency

By Frontiers of Freedom

Washington D.C. – This week, the U.S. Postal Service released its financial report for the midway point of the 2018 fiscal year, which detailed yet another distressing loss of $1.3 billion. After monitoring the Postal Service’s financial mismanagement for years, Frontiers of Freedom expressed its continued concern about the agency’s direction.

“The latest losses posted by the USPS offer yet another indicator that the organization and its governing bodies have neglected to offer meaningful solutions to avert a likely taxpayer bailout of the Postal Service,” said George Landrith, president of Frontiers of Freedom.

Landrith further discussed the Trump Administration’s work to address the beleaguered agency: “The new Postal Task Force to be led by Secretary Mnuchin offers a promising step towards implementing structural changes that the USPS needs. It is imperative that the Task Force identify the right path forward. Any serious proposal will ensure that the Postal Service fixes its deteriorating letter mail service for all Americans and becomes a sustainable operation well into the future. But making minor course corrections at this point will not get the job done. The problems at the USPS are serious enough that real and bold reforms are required. There is no time to waste.”

As Frontiers of Freedom notes, the Postal Service’s ability to provide reliable and efficient mail service to all, and especially for those in rural communities, is a significant point of concern. A recent report by the USPS’ regulator found that the Postal Service failed to meet its performance objectives for every single service included within First-Class Mail.

Previous policymaking and management practices have proven insufficient for correcting the Postal Service’s course and the Administration must now seek new drastic changes to ensure a genuinely accountable and sustainable operation.


Why Socialism Doesn’t Work, as Learned by a Waiter

By Rob Knowles • The Association of Mature American Citizens

“In practice, socialism didn’t work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.” – David Horowitz

I had a topic in mind for today’s piece, and was set on writing about it when my roommate came home from his new job as a server. Our subsequent conversation blew me away because despite my roommate’s ardent support of Democrats, and Bernie Sanders specifically, he made an inadvertent argument against socialism.

I sat on our big red couch in awe as he said the following (not exact wording):

The job is really nice. The only annoying thing about it is that our tips are pooled. It kind of makes you wanna work less hard because you’re not getting your tips directly.” Continue reading


Millennials like socialism — until they get jobs

By Emily Ekins     •     Washington Post

Millennials are the only age group in America in which a majority views socialism favorably. A national Reason-Rupe survey found that 53 percent of Americans under 30 have a favorable view of socialism compared with less than a third of those over 30. Moreover, Gallup has found that an astounding 69 percent of millennials say they’d be willing to vote for a “socialist” candidate for president — among their parents’ generation, only a third would do so. Indeed, national polls and exit polls reveal about 70 to 80 percent of young Democrats are casting their ballots for presidential candidate Bernie Sanders, who calls himself a “democratic socialist.”

Yet millennials tend to reject the actual definition of socialism — government ownership of the means of production, or government running businesses. Only 32 percent of millennials favor “an economy managed by the government,” while, similar to older generations, 64 percent prefer a free-market economy. And as millennials age and begin to earn more, their socialistic ideals seem to slip away. Continue reading


Socialism’s Bloody History Shows Millennials Should Think Twice Before Supporting It

Socialism demands that we place blind trust in whoever takes the power to distribute society’s goods and services. History shows those who have this power abuse it in horrific ways.

by Stella Morabito     •     The Federalist

Nikolai Bukharin was executed by shooting in Moscow on March 15, 1938. He had been revered as a giant of the Bolshevik Revolution in Russia, as one who even worked side by side with Vladimir Lenin himself. Alas, Bukharin’s Marxist chickens had come home to roost by the time he was shot like a dog during Josef Stalin’s reign of terror. His execution marked the pinnacle of Stalin’s show trials of high-level officials.

You see, Bukharin invested in building a political system that inevitably puts the reins of power into the hands of just a few strongmen who end up calling all the shots. It’s a system in which suspicion and the smell of treason tend to hang in the air.

Socialism, by the way, is just such a system. This is the case whether you call it by any other name, whether communism, utopianism, or collectivism. Oh, go ahead and slap some lipstick on that pig and call it “democratic” socialism or “progressivism” or “communitarianism.” Continue reading


Free Markets Are Moral and Superior


Yellen’s Job Puzzle: Why Are 20-Somethings Retiring?

Americans are increasingly foregoing paychecks due to disability, school or retirement

by Kasia Klimasinska

How come more people are retiring in their early 20s? Why are middle-age men becoming stay-at-home dads? What’s keeping women out of the workforce other than illness, kids or school?

Those are some of the questions raised in a new Bureau of Labor Statistics report that shows changes over the past decade in why people stay out of the labor force. Finding answers is key for the Federal Reserve as it maps the contours of a job market that’s becoming harder to predict with the aging of the baby boomers and shifting household priorities.

Here’s what the bureau found, broadly: Thirty-five percent of the U.S. population wasn’t in the labor force in 2014, up from 31.3 percent a decade earlier. (You’re considered out of the workforce if you don’t have a job and aren’t looking for one. That’s distinct from the official unemployment rate, which tracks those out of work who are actively job hunting.)

Drilling down into the numbers reveals more about the shifts in the reasons some people forego a paycheck. In all age groups, for instance, more people cited retirement as the reason for being out of the labor force, and it wasn’t just older people. Continue reading


U.S. drops to 16th on ‘economic freedom’ list, behind Canada, Chile

By PAUL BEDARD     •     Washington Examiner

The United States, ranked second in worldwide economic freedom as recently as 2000, has plummeted to 16th, according to a new report of world economies.

The Fraser Institute’s annual report, Economic Freedom of the World, showed that the country’s drop started in 2010, the second year of the Obama administration.

The world-recognized report showed that the U.S. fell in several areas, including legal and property rights and regulation. Continue reading


Why Liberals Hate Uber

By Rich Lowry     •     RealClearPolitics

Grandmothers may know best, as Hillary Clinton has put it in tweets, but judging by her latest economic speech, they don’t necessarily get or like Uber.

The ride-sharing service is synonymous with the new efficiency and convenience enabled by information technology, and is anathema to regulators and entrenched interests everywhere. Add to the list of its critics the presumptive Democratic presidential nominee.

Hillary Clinton didn’t mention Uber by name but warned about the disruption caused by it and other companies in the so-called sharing economy. Her husband wanted to build a bridge to the 21st century; Hillary worries about the downsides of “advances in technology and expanding global trade.” Continue reading


ObamaCare’s Prices Will Keep Surging

After this year’s spike, the average family plan will go up another 11.2% in 2016.

By Stephen T. Parente     •     The Wall Street Journal

Americans who purchase health insurance on the Affordable Care Act’s exchanges should buckle up. Within the month, state regulators will begin approving premium hikes for plans sold in every state. The Centers for Medicare and Medicaid Services (CMS) has already released the premium increases that health insurers have requested for their 2016 plans. By law, insurers must receive regulatory approval for any increase more than 10%—and more than 10% is what many of them want.

The numbers are staggering. According to the rate requests posted on Healthcare.gov, nearly every state has multiple plans that are facing a more than 10% premium increase. Many plans—including some offered by state-market leaders—could see hikes of more than 30%, 40% or even 50%. Though most of these requests have not been approved, nor have all of the rate hikes that are less than 10% been unveiled, it is undeniable that millions of Americans are facing double-digit premium increases for health insurance next year. Continue reading


Patent Trolls Don’t Contribute to Innovation – They Impose a Private Tax

by George Landrith     •     Breitbart

Trial lawyers trying to hold parts of the legal system hostage to make money is nothing new. It always happens the same way: a few creative lawyers figure out how to exploit legal loopholes; then abuse those loopholes to enrich themselves at others’ expense until someone stops them. Along the way, they come up with all sorts of creative justifications for what they are doing, claiming it’s actually positive and beneficial. Behind the scenes, they convince or pay off special interests to lobby for delays in changing the law that would close their loopholes and stop the cash flow.

Fortunately, conservative Members of Congress and state legislators can usually be counted on to lead the charge to dismantle the trial lawyers’ schemes. One of the last great examples was the passage of the Private Securities Litigation Reform Act (PSLRA) 20 years ago, over the objections of the lawyers and a Democratic president’s veto. That law reined in the frivolous securities litigation that was doing nothing but lining lawyers’ pockets. Today, this has been replaced by a new threat. Continue reading