by Ali Meyer • cnsnews.com
The United States does not rank among the Top 10 countries in the world for economic freedom, according to the Heritage Foundation’s 2015 Index of Economic Freedom.
Instead, the U..S. ranked only 12th–after Hong Kong, Singapore, New Zealand, Australia, Switzerland, Canada, Chile, Estonia, Ireland, Mauritius, and Denmark.
Estonia was formerly a part of the Soviet Union.
The Index rates economic freedom for countries on 10 quantitative and qualitative factors that are based on four pillars of freedom: rule of law, limited government, regulatory efficiency and open markets. Continue reading
Of my company’s 5,453 eligible employees, only 420 actually enrolled. The other 5,033 opted to pay a penalty.
by Andy Puzder • The Wall Street Journal
Among the Affordable Care Act’s many economic and political disruptions, the law has unintentionally encouraged employers to convert full-time jobs into part-time jobs. ObamaCare mandates that employers offer health insurance to employees who work more than 30 hours a week, or pay a penalty up to $3,000 an employee. But employers have no such obligation for employees who work less than 30 hours a week, making part-time employment less costly.
It’s a simple fact: Make something more expensive and people will use less of it; make something less expensive and they will use more of it. So naturally employee hours have been reduced, particularly in the retail segment, which has lowered wages and reduced consumer spending. Continue reading
by Stephen Moore • The Washington Post
It was 40 years ago this month that two of President Gerald Ford’s top White House advisers, Dick Cheney and Don Rumsfeld, gathered for a steak dinner at the Two Continents restaurant in Washington with Wall Street Journal editorial writer Jude Wanniski and Arthur Laffer, former chief economist at the Office of Management and Budget. The United States was in the grip of a gut-wrenching recession, and Laffer lectured to his dinner companions that the federal government’s 70 percent marginal tax rates were an economic toll booth slowing growth to a crawl.
To punctuate his point, he grabbed a pen and a cloth cocktail napkin and drew a chart showing that when tax rates get too high, they penalize work and investment and can actually lead to revenue losses for the government. Four years later, that napkin became immortalized as “the Laffer Curve” in an article Wanniski wrote for the Public Interest magazine. (Wanniski would later grouse only half-jokingly that he should have called it the Wanniski Curve.) Continue reading
Shadowy donor club to shield donor names, internal deliberations from public view
by Lachlan Markay • Washington Free Beacon
The Democracy Alliance says opacity in political funding and the influence of “big money” is corrosive to the democratic process, but the group currently discloses nothing about the hundreds of millions of dollars it steers to leading liberal and Democratic organizations. Continue reading
by Sabrina L. Schaeffer • Forbes
It finally arrived – the letter from my health insurance company announcing that my family will be moved to a new plan beginning January 1, that “meets all of the requirements of the Affordable Care Act” . . . for a mere $500 more a month.
I knew this was coming. Golden Rule has been sending me “warning” letters for months now. But really I’ve known this was coming for much longer – ever since Congress created the government-run, one-size-fits-all system known as ObamaCare. And I’ve watched as millions of others – like those on MyCancellation.com – have gone through the same ordeal of losing plans they liked and could afford. Continue reading
The goal must be to find ways for liberty and the environment to flourish together, not to sacrifice one in the vain hope of protecting the other.
by Ronald Bailey • Reason.com
Human activity is remaking the face of the Earth: transforming and polluting the landscape, warming the atmosphere and oceans, and causing species to go extinct. The orthodox view among ecologists is that human liberty—more specifically economic activity and free markets—is to blame. For example, the prominent biologist-activists Paul and Anne Ehrlich of Stanford University recently argued in a British science journal that the environmental problems we face are driven by “overpopulation, overconsumption of natural resources and the use of unnecessarily environmentally damaging technologies and socio-economic-political arrangements to service Homo sapiens’ aggregate consumption.” The Ehrlichs urge the “reduction of the worship of ‘free’ markets that infests the discipline” of economics. Continue reading
by the Oklahoman Editorial Board
Thus it was no surprise that he parroted a Reagan trope in recently asking the question of whether Americans are better off today than when he took office — and then answering his own question by concluding that “the country is definitely better off than we were when I came into office.”
For Reagan, it was a campaign strategy drawn as a weapon against Jimmy Carter in 1980. Are you better off, he asked voters, than you were four years ago?
Such comparisons aren’t unique to Reagan and Obama, of course, but Reagan put his own stamp on it — quite successfully as it turns out.
“By every economic measure,” Obama told college students the other day, “we are better off than when I took office.” So not only has this president adopted the Reagan line (even crediting Reagan). He’s turned it into yet another example of repeated, robotic rhetoric in the endless campaign speeches made by a man “who is not running for anything except the exit,” in the words of Caroline Baum, a former Bloomberg News columnist. Continue reading
by George F. Will
Liberals’ love of recycling extends to their ideas, one of which illustrates the miniaturization of Barack Obama’s presidency. He fervently favors a minor measure that would have mostly small, mostly injurious effects on a small number of people. Nevertheless, raising the minimum hourly wage for the 23rd time since 1938, from today’s $7.25 to $10.10, is a nifty idea, if:
If government is good at setting prices. Government — subsidizer of Solyndra, operator of the ethanol program, creator of HealthCare.gov — uses minimum-wage laws to set the price for the labor of workers who are apt to add only small value to the economy. Continue reading
“America needed to define its interests. . . . The first, foremost obligation is defense of the homeland. . . . (2) We are a trading nation. We need access to our markets and we need for those markets to be reasonably secured. . . . (3) We are a communicating nation which needs access to space, access to the seas. (4) We are a studying nation. Scholarship from science is important to the whole world and those people need to be able to be safe and secure in what they do. (5) Our hemisphere is quite important. If there’s not security in our hemisphere, there’s not security in the homeland. (6) Finally we are a nation with some conscience. It means alliances are extremely important when they’re based on a national interest. We have to have the ability to sustain our presence within those alliances.”
by Rick Henderson & William H. Mellor III*
November 1, 1995
In the introduction to The Almanac of American Politics 1996 , Michael Barone asserts that the election of 1994 signaled that the nation seems to be returning to a “Tocquevillian America, to something resembling the country that French aristocrat Alexis de Tocqueville visited in 1831 and described in his Democracy in America. Tocqueville’s America was egalitarian, individualistic, decentralized, religious, property-loving, lightly governed.” Continue reading