Economics

Center on Wealth & Poverty

Columbus Day is an opportunity to celebrate the virtues of the explorer

Columbus Day was established as a national holiday by FDR in 1937 to commemorate Christopher Columbus, who discovered the New World on Oct. 12, 1492, when he made landfall on what is now known as San Salvador in the Bahama Islands. Although many give him credit, Columbus didn’t discover America, but he inspired many successors who explored coastal lands and Read More ›

Repealing ObamaCare Is The Key To Restoring Economic Growth

For the last seven-plus years, Republicans ran on repealing and replacing ObamaCare. It was a winning platform, demonstrated by their gaining seats in Congress in almost every election since Obama was elected in 2008 — achieving a majority in the House in 2010, a majority in the Senate in 2014, and finally the White House in 2016. And with President Read More ›

Making American Intellectual Property Great Again

A deteriorating intellectual property regime in the U.S. has been quietly unfolding over the last decade and has contributed to the declining standard of living for middle class Americans, the stagnant economy, and the outsourcing of high-tech manufacturing. The Great Recession of 2008 technically ended in June 2009, but normal recovery never got traction in the next eight years of President Obama’s two terms. Read More ›

Making American intellectual property great again

Co-authored by Robert Koch, former head of the intellectual property practice group at Milbank, Tweed, Hadley & McCloy in Washington, D.C. A deteriorating intellectual property regime in the U.S. has been quietly unfolding over the last decade and has contributed to the declining standard of living for middle class Americans, the stagnant economy, and the outsourcing of high-tech manufacturing. The Read More ›

July 4th’s hidden history is darker than you’d expect

July 4th, also known as Independence Day, is a much more light-hearted and festive American holiday — with cookouts, parades, beach and boating parties and fireworks — than other patriotic holidays, such as Memorial Day or Veterans Day. Most people forget that when the 56 members of the Continental Congress signed the Declaration of Independence in 1776, they were in Read More ›

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Currency Trading Is in Chaos — It’s Time to Reconsider the Gold Standard

Trade theorist Paul Krugman, imperious in his Nobel crown; Christine Lagarde of the International Monetary Fund; some 370 economists including 19 Nobel Laureates; and even David Stockman, formerly of the Reagan White House, all agree: President Donald Trump is a menace to world trade and prosperity. As a free-trading supply sider, I once shared these fears. However, I was wrong. Read More ›

July Fourth celebrations distort the risks our Founding Fathers took in 1776

July Fourth — with its cookouts, parades, outdoor parties and fireworks — is a much more lighthearted and festive American holiday than other patriotic holidays, such as Memorial Day or Veterans Day. Most people forget that when the 56 members of the Continental Congress signed the Declaration of Independence on July 4, 1776, they were signing their death warrants. At Read More ›

Make American Intellectual Property Great Again

Co-authored with Robert J. Koch, former head of the intellectual property practice group at Milbank, Tweed, Hadley & McCloy LLP in Washington, D.C.  The Declaration of Independence on July 4, 1776, is celebrated and commemorated as what gave birth to the United States. But the nation’s ascendance from colonial poverty to global superpower in a little more than 200 years Read More ›

Dispensing with the Filibuster

The Senate Republicans had the good sense to vote through the nomination of Neil Gorsuch for Supreme Court justice with a simple majority, instead of a 60-vote majority required to overcome a filibuster. Now it’s time for Republicans to abandon the filibuster protocol altogether and adopt a simple majority to advance and pass legislation. They need to do this not Read More ›

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Republic of Cyprus. The Town Of Paphos. Ancient ruins in Paphos. Remains of ancient buildings. Old Christian Church. Panorama Of Cyprus. Attractions of the Mediterranean coast.

No, the Early Church Was Not Communist

You’ve heard this question. Since I write a lot about Christianity and economics, I’ve been asked it dozens of times. Was the early Church communist? It’s not a crazy query. In the book of Acts, just after Pentecost, members of the new Church sold their belongings and shared their wealth. That sounds like communism to some folks. And if Christians Read More ›