Quote Of The Day
“I believe that in reality what has helped the less fortunate is economic growth. Today’s elderly are affluent not because of Social Security, but because of all of the wealth created by private sector...
View ArticleWhy Credit And Not Grants
The recent winner of the Nobel Peace Prize, Muhammad Yunus, explains why he prefers to help the world’s poor with loans rather than grants of financial aid: Many people ask, Why not just give free...
View ArticleQuote Of The Day
“To dole out relief is to administer a narcotic, a subtle destroyer of the human spirit. The federal government must and shall quit the business of relief.” –Franklin D. Roosevelt
View ArticleThe Other Milton Friedman: A Conservative With a Social Welfare Program
Robert Frank, an economist at the Johnson School of Cornell University, writes in the New York Times: The Other Milton Friedman: A Conservative With a Social Welfare Program By ROBERT H. FRANK...
View ArticleQuote Of The Day
“One of the great mistakes is to judge policies and programs by their intentions rather than their results. We all know a famous road that is paved with good intentions. The people who go around...
View ArticleThe US Economy In Perspective
Mark J. Perry, professor of finance and business economics at the University of Michigan, puts the US economy in perspective: The unemployment rate in Canada just hit a 30-year low of 6.1% in December,...
View ArticleMilton Friedman On Government
In 1975 Milton Friedman appeared on The Open Mind, a television show that is no longer showing, and in the interview he gave the fundamental problem with using the government to solve social problems:...
View ArticlePoverty In The United States
My longest friendship was with Edgar, a friend I met in the 6th grade. He was, like me, a child of immigrant parents and he spoke primarily Spanish. He loved to joke, tell stories, and that favorite of...
View ArticleThe Incentives Of Welfare
What would you do if you were too poor to care for your children? If you said have less children, you have not factored in the economics of welfare: The 1996 Personal Responsibility and Work...
View ArticleBeverly Hills As The USA
Imagine that you lived in Beverly Hills, among the richest people in the United States. Some of your friends were the kids of executives at Fortune 500 companies. Others were the kids of famous...
View ArticleUnemployment Insurance Affect On Unemployment
“We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in...
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