Category: Economic Growth

The Debate Over the Home Mortgage Interest Deduction

In the arguments for tax reform, the home mortgage interest deduction occasionally comes up.  Amazingly, the call for its phase out is a measure that many on the right and left can agree.  The Mercatus Center published a recent study on the mortgage interest deduction and how it encourages debt, excessive borrowing and benefits primarily upper […]

U.S. GDP Growth Is In a Race To the Bottom

Wow…today the Bureau of Economic Analysis released its final first quarter estimate of U.S. annual GDP growth, and it’s not pretty.  Real GDP contracted 2.9%, far greater than the BEA’s original estimate of 0.1% growth.  For those who are alarmed, you should be.  A comparison of the United States to the G20 countries shows that […]

Seattle and Midland: A Tale of Two Cities

I was perusing the latest news on jobs and wages this morning, and I have been intrigued by the happenings in Seattle recently – the city council’s approval to raise the minimum wage to $15 an hour (phased in over seven years) and now a proposed plan for free universal pre-school paid for with a $58 […]

Countries Failing to Protect Inventors’ Rights In Medical Innovation

The U.S. Trade Representative just released its “Special 301” report, which lists countries that fail to enforce intellectual-property rights. Protecting inventors’ property rights is necessary to attract investment in medical research and development, as well as a moral imperative for government. Yet, countries at all levels of development fail in this duty. India is singled […]

Anywhere But Illinois?

A Gallup poll released last week found that half of residents in Illinois would move if they could.  Half?  Runner up states were Connecticut (49 percent) and Maryland (47 percent).  What’s going on?  Reading further down, it appears that for those in these states who are actually planning a move to another state in the […]

States Are Turning Their Attention to Apprenticeships

With so much federal money poured into college aid, resulting in recent graduates mired in loan debt, it is refreshing that more attention is being paid to apprenticeships.  Some states are recognizing the importance in helping businesses boost these declining opportunities.  Read the WSJ article.

More On the Minimum Wage Debate

Last weekend, the Wall Street Journal ran an excellent article by Michael Saltsman, director at the Employment Policies Institute.  He rightfully noted that the examples President Obama uses of businesses that pay their employees well above minimum wage are businesses that can afford to do so.  For example, on a stop at the University of […]

Dallas’ New Bag Tax: What’s the Point?

Yesterday the Dallas City Council passed an ordinance that would require retailers to charge 5 cents per paper or plastic bag used by consumers.  While this is not an all-out ban on plastic bags, it does punish consumers who make the choice to use a plastic or paper bag instead of bringing their own reusable […]

Is There a Relationship Between Economic Freedom and Intellectual Property Rights?

The Global Intellectual Property Center (GIPC) scores the intellectual property environment (IP) in 25 sampled countries ranging from high-income countries to emerging markets, as well as some relatively low-income countries. The Economic Freedom World Index (EFW), on the other hand, reflects the extent to which 152 countries and territories around the world are supportive of economic freedom. As shown in […]

2014 Global Intellectual Propery Index

The United States has the best intellectual property environment in the world, according to a new report from the Global Intellectual Property Center. The Global Intellectual Property Center (GIPC) details the intellectual property environment of 25 countries across the globe. Using 30 different factors, the GIPC ranks countries in terms of intellectual property (IP) protection. […]