“I was on a picket line in the early 1990s against NAFTA, because you didn’t need a Ph.D. in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.” This statement by Bernie Sanders at a recent Democratic debate has been quoted with approval…
by Ben Ramanauskas Ever since Hugo Chavez came to power in 1999, Venezuela has been subjected to socialist policies. For example, it has undertaken a colossal social spending program, combined with price and labor-market controls. As the Government spent more and more, it was forced to rely on the profits of the State-owned oil company,…
by Ben Ramanauskas Democratic front-runner Hilary Clinton and her rival for the presidential nomination Bernie Sanders have both called for higher taxes. Both Clinton and Sanders have promised that they will increase the top rate of tax and, therefore, make the wealthiest pay more money to the Government. The proposals of Clinton and Sanders have been…
By JP Carroll Venezuelan government officials announced Sunday they’re investigating the disappearance of 28 gold miners, and members of the country’s political opposition say the Socialist government covered up their deaths. The miners in Bolivar — a rural state known for its jungle and illegal mining — reportedly extracted a significant amount of gold last week before disappearing. The men…
According to a new report from Business Pundit, acclaimed businessman and investor Jim Rogers is “100% sure” of an impending second recession within the year. “It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them every four to seven years for whatever reason—at least…
Connor D. Wolf New York Democratic Gov. Andrew Cuomo released a list of 85 companies Wednesday that support his $15 minimum wage proposal but some are expressing doubt the list is an accurate reflection of the position of state businesses. Cuomo announced his proposal in September to increase the statewide minimum wage to $15 an hour, and…
Juliegrace Brufke Democratic presidential front-runner Hillary Clinton’s tax plan would actually reduce incentives to work, save and invest, a new report from a nonpartisan Washington-based think tank finds. Clinton’s proposal to increase marginal tax rates would reduce “incentives to work, save and invest,” and make the tax code more complex, according to the Tax Policy Center report published Thursday…
Juliegrace Brufke Democratic 2016 hopeful Sen. Bernie Sanders’s tax plan would result in Americans losing an average of 12.4 percent of their after-tax income in 2017, according to a study released by the Tax Policy Center (TPC) Friday. The Vermont senator’s proposal includes historically high numbers, changing the top marginal tax rate – as capital…
Who is Caitlyn Jenner supporting for president? The answer may surprise you. Jenner, who is the world’s first transgender celebrity, recently weighed in on the ongoing presidential race. What is surprising to many is that Jenner puts social issues and matters concerning transgenders on the back burner; emphasizing that economic policies are what voters should be…
Donald Trump does not understand trade deficits. Watch Milton Friedman school Trump on trade, thanks to the people at Liberty Pen.