The Economy Hits Home: Entitlements
Why every American born today owes $200,000 and what to do about it.
Stealing from Our Children
If you’ve noticed the trillions of borrowed dollars sent out from Washington in the recent bailout and stimulus packages, you already know that the federal government has a spending problem. But when it comes to “entitlements” like Social Security, Medicare,…
The Economy Hits Home: Regulations
How the flood of regulations hurts Americans
When Regulations Attack
Over the years, George Norris, an elderly retiree, had turned his orchid hobby into a part-time business run from the greenhouse behind his Texas home. He would import orchids from abroad—South Africa, Brazil, Peru—and resell them at plant shows and to local enthusiasts. He…
The Economy Hits Home: Poverty
What causes poverty in America?
If you’re like most people, you are concerned about poverty—but probably not your own. By historical standards, most Americans are quite wealthy. And that’s part of what bothers us. If we were all poor, we might think that’s just the way things are, but when millions of us are doing quite well while others languish in…
The Economy Hits Home: International Trade
Why Free Trade is the Fairest Trade of All
“Free trade” should appeal to everyone. After all, it describes transactions between mutually willing parties. But if you’ve heard anything lately about free trade, it’s probably been bad. Critics tell us that it’s unfair to American workers and businesses, hurts our economy, exploits poor workers in the…
The Economy Hits Home: Energy and the Environment
How to Be a Good Steward of Energy and the Environment
When it comes to energy and the environment, most of us feel conflicted. On the one hand, we depend on affordable energy for almost everything -- from traveling across town or across the world, to cooking our food, to running Google searches and talking to friends on cell phones. We like heating and air…
The Economy Hits Home: What Makes the Economy Grow?
What makes the economy grow?
Everyone should want the economy to grow. A growing economy puts more money in families’ pocketbooks and charities’ budgets, the poor and unemployed have an easier time finding jobs, and families saving for retirement or their children’s education can see their nest eggs grow.
So what makes the economy grow? You don’t need a degree…