Dec 31, 2016 ~ Pat Buchanan, 'Trump Right on Trade Predators' - According to the WTO, Britain, France, Spain, Germany and the EU pumped $22 billion in illegal subsidies into Airbus to swindle Boeing out of the sale of 375 commercial jets and other examples. Taken advantage of. [Trade, Economics]
Dec 31, 2016 ~ Minimum wage hikes create 45,000 new robot jobs at Amazon as they are forced to automate jobs where it used to be cost effective to use people. Democrats will never get that you can't make people worth a certain salary by making it illegal to pay less. [Minimum Wage, Economics]
Dec 31, 2016 ~ Thomas Sowell retires - many celebrate his career and write tributes to an intellectual giant in economics and clear thought. [Economics, Politics]
Dec 31, 2016 ~ Walter Williams explains how sugar tariffs are harmful. For each 'sugar growing and harvesting job saved through high US sugar prices, nearly 3 confectionery manufacturing jobs are lost'. Consumers pay higher prices. Less money for other goods. Trade barriers harm employment. [Walter Williams, Economics, Tariffs]
Dec 31, 2016 ~ Ed Rensi, 'Thanks To 'Fight For $15' Minimum Wage, McDonald's Unveils Job-Replacing Self-Service Kiosks Nationwide' - Predictions were right - Jobs lost, businesses closed - purpose was always to enrich SEIU members whose salaries are tied to the minimum wage. [Minimum Wage, Economics, Unions]
Dec 20, 2016 ~ David S. D'Amato, 'The Importance of Free-Market Banking Reforms' - Dodd-Frank has made it very difficult for smaller banks to compete with larger banks which can better absorb all of the increased costs - consumers are big losers. [Economics, Regulations]
Dec 1, 2016 ~ John Stossel, 'Thanksgiving Tragedy' - Pilgrims started with socialism and many starved - 'tragedy of the commons'. No one had incentive to work. They thrived after embracing private property - Bureau of Indian Affairs keeps Indians in poverty today because of the same problem [Economics, Socialism, John Stossel]
Nov 13, 2016 ~ Paul Ryan releases 'A Better Way' - path for country to move forward to sustainably fight poverty and provide health care, addresses the problem of not being worth it to find a job because of lost benefits - being totally ignored [Economics, Entitlements]