I believe that growth can benefit all Americans, yet while our GDP has tripled in size from 1975 to 2015, average wages have barely risen. The response from both political parties has been to double down on policies that have failed to address this reality Maybe they’re missing something crucial in their economic calculations. A focus on work. Author and scholar Oren Cass explains on my new podcast. www.cgtv.us
People look to the government to prevent future financial crises and too many trust that politicians and economic experts can create policies to protect us and our 401(k) plans. We shouldn’t rely on them. These experts are smart, mostly well-intentioned people but they can’t prevent the next crisis. No one can. Why is that? And why is a future crisis inevitable? I discuss these and many other questions with “Finance and Philosophy” author Alex Pollock.
Since the days of Theodore Roosevelt and Woodrow Wilson, progressives have kept claiming that government bureaucrats know better than the rest of us. But putting more power into the hands of administrative agencies instead of our elected representatives leads government by the people to the road to extinction. American Enterprise Institute’s Peter Wallison and I explain why this is such a huge problem on my new podcast.
Over the past forty years, since Deng Xiaoping began his policy of “Reform and Opening,” the People’s Republic of China (PRC) has evolved from a less developed country to the second largest gross domestic product (GDP) in the world. Over the past 25 years, it has also steadily transformed the People’s Liberation Army (PLA) into a force that is capable of influencing regional, and increasingly global, security environments.
Lower taxes and less regulation are great for business, but some are thriving in high-tax states like New York and California. On my new podcast, Ralph Benko explains the “Tamny Axiom”. Hint: there’s something more valuable in those states than low taxes.
The next time you feel the urge to join a major protest to condemn the elite, powerful forces who are supposedly making your lives worse, don’t bother. The event is most likely organized by elite, powerful forces who are getting rich off your activism while you don’t make a dime or a dime’s worth of difference.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” Sun Tzu, The Art of War
Famed economist Milton Friedman called America’s highway system a “socialist enterprise” and he was right. America’s roads are in desperate need of repair and the federal government is clearly incapable of maintaining them efficiently. Drivers pay tens of billions of dollars in gasoline taxes every year and our infrastructure problems only seem to get worse.
Did you know when you text someone that you’ve landed at the airport, you’re using far more advanced technology than your plane’s air traffic controller?
America’s K-12 education system and institutions were designed in a different era for a different society, and we are at grave risk today from this obsolete system, which fails to prepare all children to succeed as adults. In fact, the system we have now was never designed or intended to reach all children.