Is there a causal connection between the compensation paid to Chief Executive Officers and the wages paid to workers? At first glance, the numbers seem to suggest a correlation. Between 1978 and 2013, the inflation-adjusted compensation paid to … [Read more]
A Few Richard Nixons needed from the Democratic Party
Where are the Richard Nixons of the Democratic Party? Richard Nixon was known as a staunch anti-communist. It was Vice President Nixon who, in 1959, engaged in a famous "kitchen debate" with Soviet Premier Nikita Khrushchev as the two were … [Read more]
Free Trade: Good for Rich and Poor
The last 25 years have seen the most rapid improvement in the human condition in history. In 1990, 35% of the world’s population, a total of 1.85 billion people, lived in extreme poverty (defined as living on $1 per day or less). By 2013, only … [Read more]
Why Are There Poor Americans?
Why are there poor people in a rich country like the United States? People generally answer that question in one of two ways. Some would say that people are poor in the United States primarily because of “systemic” causes. The economic system … [Read more]
The Harm of a $15 Minimum Wage
Imagine a nefarious group of people that wanted to do as much harm as possible to the employment prospects of those with limited education and work experience. What scheme would they concoct? Probably this devious plan: Increase the national … [Read more]
Time to Furl the Confederate Flag
Those who wave the Confederate Battle Flag claim it is misunderstood, that history shows it represents “Heritage not Hate.” I saw a T-shirt with a Confederate Battle Flag and the words “If this flag offends you . . . You need a history … [Read more]
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