Jeffrey Miron To a first approximation, economic policies target one of two objectives: efficiency (growing the economic pie) or redistribution (reallocating the economic pie). Alas, most politicians favor the latter, which typically shrinks the economic pie and often reallocates in perverse ways. Presidential candidates Kamala Harris and Donald Trump are no exceptions. Mostly, their policy positions emphasize redistribution (to groups whose ...
When it comes to economics, the cannabis industry is one of those industries with staggering numbers. Weed revenues are projected to reach $64 billion by 2024. Looking ahead, expect a strong uptick that’s sure to bring in more windfall profits. Today, cannabis lovers have a huge choice. They can either smoke traditionally with a bong or buy THC vape to ...
Dubai, one of the most vibrant financial centers in the world, has become a top choice for entrepreneurs and investors looking to forex trading. The strategic location, suitable legal environment, and modern infrastructure of the city make it a very appealing center for trading worldwide foreign exchange (forex) markets. But what do you need to know to engage in this ...
I’m Brandon Straka, originally from O’Neill, Nebraska. I am the founder of the #WalkAway campaign, a movement I started to encourage people to leave the Democratic Party and explore conservative ideals. After personally walking away from the left due to what I perceived as increasing radicalization and intolerance, I decided to use my platform to share this journey and help ...
China is expected to double its nuclear arsenal to 1,000 warheads over the next five years, according to a new Defense Intelligence Agency (DIA) report. In 2020, the DIA assessed China had acquired 200 nuclear warheads and would double that by the end of the decade. Now, the intelligence agency says China has already reached 500 warheads and will have ...
The House Republicans’ campaign arm is confident that voter enthusiasm for former President Donald Trump will push them to victory in tight races across the country on Election Day. A National Republican Congressional Committee (NRCC) memo being sent to candidates and campaigns Monday morning, obtained by Fox News Digital, said the House GOP would rise or fall with Trump. ‘The ...
James A. Dorn In October 1994, I was a visiting scholar at Fudan University in Shanghai. During my stay, I gave a series of lectures and received the Chinese edition of Economic Reform in China: Problems and Prospects, originally published in 1990 by the University of China Press. My co-editor, Professor Wang Xi, arranged for my visit and the translation ...
The UK economy has been mired in low growth for years, a problem exacerbated since the 2008 global financial crisis. Despite a few short-term recoveries, average annual growth has been consistently weak, leading to stagnating living standards. A striking indicator of this trend is that real wages in the UK are barely higher than they were 16 years ago, marking ...
The bus fare cap in England is set to rise to £3, following an announcement by Prime Minister Sir Keir Starmer. The new limit, which will be introduced in the upcoming Budget, marks an increase from the current £2 cap that was implemented by the previous Conservative government as a cost-of-living measure. The £2 cap was originally due to expire ...
Democratic vice presidential nominee Minnesota Gov. Tim Walz repeated Hillary Clinton’s attack that former President Donald Trump’s rally at Madison Square Garden in New York City mirrored a 1930s Nazi event. Walz compared Trump’s rally on Sunday night to a 1939 ‘pro-America’ rally held by German dictator Adolf Hitler at Madison Square Garden 85 years ago, before World War II. ...