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6 ways a new CBO report devastates the $15 minimum wage

Liberty Unyielding - Sat, 07/13/2019 - 6:51am
Rachel Greszler, Heritage Fdn.

‘Naked bikinis’ are the sexy, flesh-toned summer trend

Liberty Unyielding - Sat, 07/13/2019 - 6:45am
Nicole Zane, NY Post

Hawaii governor vetoes bill aimed to end confiscation of property without a conviction

Liberty Unyielding - Fri, 07/12/2019 - 5:16pm
'A felony conviction requirement would give police pause before going after low-hanging fruit, and it should be a bare minimum to uphold another notion, one eternal rather than quaint, due process.'

Illegal alien ordered deported six years ago accused of killing father of two

Liberty Unyielding - Fri, 07/12/2019 - 2:06pm
Jose Rodriguez, a 27-year-old illegal alien from Honduras, was ordered deported about six years ago but secretly remained in the U.S.

A Lesson from China about Growth and Shared Prosperity

Center for Freedom and Prosperity (CF&P) - Fri, 07/12/2019 - 12:46pm

I’ve just finished up a week of teaching at Northeastern University in Shenyang, China.

I mostly taught public finance and explained issues such as marginal tax ratesdouble taxation, the Rahn Curve, the Laffer Curve, and the fiscal implications of demographic change.

I also gave a lecture on comparative economics and looked at nations that converged or diverged over several decades. And this lecture included some material on China’s impressive (but still incomplete) reforms and subsequent growth.

The goal of the classes was to make the students aware of key issues rather than to proselytize.

But one thing I noticed in the class discussions is that students were under the impression that capitalism was mostly for the benefit of the rich.

I tried to preemptively deal with that question by recycling my charts showing how poverty fell dramatically after China shifted toward free markets.

That’s very compelling data, as far as I’m concerned, but I’m not overly confident the students were similarly impressed.

So in future years, I think I’m going to steal some data from Professor Ken Schoolland, who was also part of the faculty.

This data showing changes in income distribution between 1980 and 2008 is very powerful.

As you can see, almost everybody was very poor back in 1980, which was about when China began liberalizing its economy.

By 1995, a significant share of the population climbed out of poverty.

And the 2008 numbers show that a majority of the population was middle class or above.

Very impressive. It seems a rising tide does lift all boats.

To be sure, China hasn’t turned into a mainland version of Hong Kong. It’s not even close to Taiwan.

But you don’t need perfection. Chinese data confirms that partial reforms (what I call giving an economy “breathing room“) can generate significant benefits.

P.S. There’s also data on how incomes have expanded over time for both the United States and the entire world.

P.P.S. Much to my dismay, I forgot to inform the student about how the IMF and the OECD want to sabotage China’s economy.

———
Image credit: wuwow | Pixabay License.

How deep in denial are Dems that they ever said there was no border crisis? This deep

Liberty Unyielding - Fri, 07/12/2019 - 11:57am
'One of the reasons why so many young people, so many vulnerable people are in tragic conditions is because we didn’t act when the administration wanted us to provide funding that was absolutely necessary to care for people.'

VIDEO: Joe Biden: ‘I respect no borders’

Liberty Unyielding - Fri, 07/12/2019 - 11:35am
Rachel Stoltzfoos, Daily Caller

Predicting the Democrats’ VP shortlist

Liberty Unyielding - Fri, 07/12/2019 - 11:20am
If you want to put your money where your mouth is when it comes to calling the 2020 election, PredictIt is the place to go. The website assigns a probability to candidates between 1% and 99% and then converts each into US cents.

Cartoon of the Day: Heavyweights

Liberty Unyielding - Fri, 07/12/2019 - 10:56am
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