Imagine that you wanted to do some grocery shopping. To do so, you drive your car from your house not to the grocery store, but to a parking lot miles […]
Imagine that a longtime friend complains that you’ve repeatedly tracked mud into his house and threatens to trash your house in return. You endeavor to wipe your feet, perhaps even […]
Examples of government waste are a dime a dozen these days. From the debacles over the $640 toilet seats in the Pentagon and the Air Force’s $1,300 coffee mugs and […]
Part 1: What is a Trade Balance? The balance of trade, often described under the heading of a “trade deficit” or a “trade surplus,” is the difference between the dollar […]
President-elect Donald Trump has floated the idea of creating an External Revenue Service, which he claims will be used to “collect our Tariffs, Duties, and all Revenue that come from […]
What explains the curious lack of economic progress in the EU over the past 16 years? In 2008, the economies of the European Union and the United States were roughly […]
Europe is a wonderfully diverse continent, with 44 countries, each with its own rich (and long) history and unique constellation of policies. Despite this, though, there are no trillion-dollar companies […]
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
“They arrogantly believe that this time will be different; that their version of a minimum wage will work where every other has failed. Unfortunately, this is what every previous lawmaker believed, too.” ~David Hebert
“Congress has also budgeted for $1.7 trillion of deficit spending for the current fiscal year; over 26,000 times as much money as has been donated to the Gifts to Reduce the Public Debt account over the past 29 years combined.” ~David Hebert