Displaying items by tag: economics

Wednesday, 20 October 2021 14:15

OPINION: 'Fair trade' is still a fraud

The Biden administration is embracing the same flawed “fair trade” mantra that previous administrations used to sanctify protectionist policies. Biden’s team has “largely dispensed with the idea of free trade as a goal in and of itself,” the New York Times reported. U.S. Trade Representative Katherine Tai recently touted the Biden administration’s plans to “shape the rules for fair trade in the 21st century.” What could possibly go wrong from such a lofty aspiration?

Published in Opinion

When it comes to protecting economic liberty, North Carolinians get good help from their state constitution and state Supreme Court precedent. The Tar Heel State fares well in comparison with other states. But that could change.

Published in Opinion
Tuesday, 28 September 2021 10:23

OPINION: Inflation is killing the recovery

Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal income has plummeted, and real median wage growth is lower than inflation.

Published in Opinion

RALEIGH — "The right to live includes the right to work.”

That simple statement opens the text of a state law that has helped boost North Carolina’s economic competitiveness for nearly 75 years.

Published in Local News

RAELIGH — Legislators in both the N.C. House and Senate took a short break from pressing business today to mark the 91st birthday of Thomas Sowell. The Gastonia native has injected important economic concepts into high-profile national public policy debates for decades.

Published in Local News
Monday, 28 June 2021 11:56

OPINION: Got to pick a pocket?

Did Fagin’s pickpockets stimulate the economy of London?

Published in Opinion
Monday, 05 April 2021 11:46

OPINION: Political fantasies can be costly

It’s hard not to play along when children come up with cute untruths.

Published in Opinion

In a March 24 Yahoo! Finance interview, as the price of Bitcoin hovered above $55,000, Bridgewater Associates chief investment officer Ray Dalio weighed in on the future of cryptocurrency. The two main takeaways from the interview are a little scary, each in a different way.

Published in Opinion

“Wasting resources, capital and income on stuff nobody really needs,” Charles Hugh Smith wrote in 2017, “is a monumental disaster on multiple fronts. Rather than establish incentives to conserve and invest wisely, our system glorifies waste and the destruction of income and capital, as if burning time, capital, resources and wealth on stuff nobody needs is strengthening the economy.”

I come across the “stuff nobody needs” argument frequently, from voices all across the political spectrum, for reasons ranging from economic to environmental to spiritual.

Published in Opinion

PEMBROKE — Ottawa University economics professor Dr. Russ McCullough will give a lecture at UNC Pembroke on Nov. 13.

Published in Lifestyle
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