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
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?
One problem with government is that politicians often feel obligated to "do something." Any action is perceived as better than inaction. Even if the action is ultimately unneeded or unhelpful. And then politicians crow about how they have made the world a better place. Just the nature of politics. The Consumer Financial Protection Bureau (CFPB) … Continue reading Example of really bad government
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?
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
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
US healthcare is generally recognized for its significant innovation and quality medical care. However, it is even more widely recognized for having certain problems. Two main problems are usually cited. Problem #1 is that 10-15% of the population is uninsured at any point in time. Problem #2 is that medical care and health insurance are … Continue reading Origin of healthcare problems
It is an article of faith to some class warriors that the rich do not pay their “fair share” of taxes. Is it true? We can evaluate this claim since there is plenty of publicly available data. The data here comes from a 2016 CBO report. Effective tax rates It is difficult to look at … Continue reading Do the rich pay their fair share?
Congress is talking about tax reform. Hopefully something will get done. The US tax code is overly complicated and discourages growth. This post will lay out some rough goals for tax reform, with a few details on how to achieve the goals. It’s aimed at the US tax code, but some principles apply anywhere. The … Continue reading Tax reform goals