Category: Economic Growth

The “Living Wage” Argument is Back…As a Presidential Campaign Issue

Last week Salon’s Joan Walsh ran an editorial titled “Scott Walker’s Sleazy New Low.”  What did presidential candidate and Wisconsin Gov. Scott Walker do to earn such scorn? He signed into law the 2015-2017 budget for the state of Wisconsin, which included a rewording of Wisconsin State Legislature Chapter 104. Previously chapter 104 § 02 stated, “every […]

Greece-ing the Skids: Is the Puerto Rico Debt Crisis as Bad as the Greek Crisis?

On Tuesday, Greece defaulted on a $1.8 billion payment due to the International Monetary Fund (IMF). even after months of partial bailouts and negotiations.  According to The Hill, Greece’s debt has reached $350 billion or 180 percent of its gross domestic product (GDP).  Closer to home, Puerto Rico recently announced that it cannot pay its […]

Praisin’ the Raisin Decision

Marvin Horne’s marathon battle against the U.S. Government and the Raisin Administrative Committee (R.A.C.) was vindicated when eight U.S. Supreme Court justices (Justice Sotomayor was the lone dissenter) agreed that the confiscation of Mr. Horne’s raisins was a violation of the Takings Clause of the Fifth Amendment, private property shall not be taken without just compensation.  Why […]

Trade Adjustment Assistance is a Small Price To Pay For the Benefits of Trade Deals

Next week, the Senate will vote on Trade Promotion Authority (TPA), a measure that gives the President trade negotiating power that is necessary to wrap up the Trans-Pacific Trade Partnership (TPP), a 12 country Pacific Rim deal, and possibly a later deal with European nations.  To garner the votes needed to pass the TPA measure […]

Piketty Backtracks a Bit

Last year, French economist Thomas Piketty’s book on the causes of income inequality became the rallying cry by people on the left for a tax on the wealthy.  However, many intelligent and thoughtful individuals (including NCPA blogger Jeff Lerner) disagreed on what Piketty pointed to as the cause of income inequality – mainly, that as the return on capital […]

The President’s 2016 “Budget”

President Obama’s $4 trillion FY 2016 budget request was submitted to Congress today.  It seems unlikely it will pass a Republican-controlled Congress, given the plethora of tax hikes and a few silly ideas.  But it is worth noting a few things: The president has never proposed a balanced budget, ever.  To wit, his FY 2016 budget proposes […]

My Take on the SOTU

See my commentary on the Federalist website.

Los Angeles Planning to Hike the Minimum Wage for Hotel Employees

Just when I thought the granola state could not get any nuttier, here comes a city-council approved plan (to be subject to a final procedural vote and the mayor’s signature), to hike the minimum wage for employees of large hotels to $15.37 an hour. The law would apply to hotels with 300 or more rooms […]

Headlines That Are Not Screaming “Economic Recovery!”

Working Part Time – But Not by Choice (St. Louis Fed) 36 Percent of Adults Lack Retirement Savings, Including Many 65 or Older (Los Angeles Times) Five Years of Weak Wages (ABC News) From April to July 2014, the number of employed youth 16 to 24 years old increased by 2.1 million to 20.1 million […]

Finally! A Proposal That Would Foster Entrepreneurship in Texas

Texas Attorney General Greg Abbott, who is running for governor in this fall’s election, has proposed a measure that would eliminate occupational licensing for jobs that do not directly impact the health and safety of consumers. Of all the proposals designed to help poor and lower-income people, this one deserves major kudos. It does not […]