Democratic presidential candidate Elizabeth Warren has had a long-standing call for a 2% wealth tax on any individuals with a net worth exceeding $50 million, and a 3% tax on wealth exceeding $1 billion. Yet when pressed on how to pay for her “Medicare for All” plan,...
Introduction December 12, 2019 is the hundred-year anniversary of The Economic Consequences of the Peace by John Maynard Keynes. This work has been described as “one of the most influential books of the twentieth century.”1 It made Keynes the most famous economist in...
Nowadays, it’s not uncommon for people as young as 20 or 30 to feel they have to share their memories with the world. Even at an advanced age, I prefer not to talk publicly about personal things and experiences in my life, but to reserve this for private...
When Mercedes (“Mercy”) Rodriguez arrived in America on a fall day in 1979, the first thing she noticed was how clean and wide the streets were. The 15-year-old Cuban refugee had just arrived on a plane carrying nearly a dozen political prisoners, including her father...
The national debt crossed the $23 trillion mark in November. When you include unfunded liabilities in the equation, the real debt number comes in at over $126 trillion. But even when confronted with this staggering number, most people just shrug. America has been...
Just over 100 years ago (October 28, 1919), the National Prohibition Act became law. Better known as the Volstead Act, it outlawed the manufacture, transportation, and sale of alcoholic beverages in the United States. Prohibition failed to end alcohol consumption and...
In a public debate concerning the leadership of the United Kingdom, Labour Party leader Jeremy Corbyn claimed that the existence of billionaires in unconscionable. Since then I’ve seen an influx of memes calling billionaires evil. The very notion that someone has made...
The American Heart Association finds that over 1 million heart attacks occur in the United States every year. Fourteen percent of all heart attacks are fatal. Many heart attacks and other cardiovascular issues result from heart disease, which is even more common (and...
