This is the second of two posts comparing the US and Europe, in response to Big Government advocates wishing that America was more like Europe. In the first post, I discussed why the desire for a European-style welfare state is misguided. In this post, I will discuss the Nordic countries (defined here as Denmark, Finland, … Continue reading US versus Europe: Nordic countries
If I had a bitcoin for every time I’ve heard someone say that the US should be more like Europe… What they mean is that the US follows a harsh model of laissez faire capitalism, while Europe follows a kinder, gentler model of ‘democratic socialism.’ They would like the US to adopt a larger welfare … Continue reading US versus Europe: The welfare state
I’m writing about ‘net neutrality’ this week because someone asked me to, and because it’s a hot topic. However, I admit up-front that I am no tech expert. With that caveat, let’s look at what’s going on. Background The internet started to become a big thing in the mid-1990s. The internet market was quite free … Continue reading Is net neutrality good or bad?
Are electric vehicles (EV’s) inevitable? Some people think so. The most ambitious forecast I’ve seen predicts that 95% of automobile miles driven in the US will come from EV’s by 2030. That’s a steep climb from today, when EV’s account for roughly 1% of new vehicle sales. Early days EV’s are not new. The early … Continue reading Are electric cars inevitable?
(I'm posting this on Tuesday instead of the usual Thursday because of the Thanksgiving holiday. Happy Thanksgiving to all my American readers!) In recent decades, the Chinese government has allowed its citizens to keep more of their economic freedom. As a result, China posted excellent economic growth and greatly reduced poverty. However, more recent signs … Continue reading Which way will China go?
Big Government advocates often claim that we have government to thank for our modern 40-hour work week. In the bad old days, businesses forced employees to work super long hours, but then benevolent government stepped in and forced all businesses to limit the work week to 40 hours. How much of that is true? Let’s … Continue reading How did we get the 40-hour work week?
Over the past week or two, a few random threats to freedom have caught my eye. Nothing as alarming as purges or labor camps, but still threats to freedom. Freedom can be undermined by threats both big and small. Smaller threats are often less clear and obvious, but they’re still threats. The UK’s NHS Our … Continue reading Lose weight or you’re denied surgery?
Historically, the US has been known as a beacon of freedom. Unfortunately, that reputation has become tarnished over the past ten to fifteen years. I’m referring to economic freedom, not political freedom. Economic freedom means that each person is free to work, produce, consume, and invest as they wish. This involves personal choice, voluntary buying … Continue reading US not the beacon of freedom you think
When people discuss cutting taxes, the question of whether tax cuts can pay for themselves usually arises. I’ll try to answer that question here. The optimistic view says that tax cuts often pay for themselves because lower tax rates encourage economic growth. The larger economy then throws off higher tax revenue, offsetting the tax loss … Continue reading Can tax cuts pay for themselves?
This American retailer has a distinct business model. It aims to sell high volumes of merchandise at low prices. In pursuit of low prices, it bargains hard with its suppliers and grows impressive economies of scale. Its business model draws flocks of customers to its stores. It becomes the largest retailer in the entire world, … Continue reading Creative destruction