By The Austrian Economics Center The 10th AEC International Conference, “The Austrian School of Economics in the 21st Century” will be held live in Vienna, Austria on November 4 and 5, 2021. Offered by the Austrian Economic Center (AEC) and Foundacion Internacional Bases, the event will not be online or zoom, but a […]
By William Yeatman, Cato Institute All told, Congress has authorized about $5.9 trillion in spending to address the social and economic fallout from the pandemic, of which $4.1 trillion has been disbursed or committed through the present, according to the Committee for a Responsible Federal Budget’s “COVID Money Tracker.” By now, more than […]
By Ryan Bourne, Cato Institute In both his Cato paper and then an article for the Journal of Economic Perspectives, UC San Diego economist Jeff Clemens delineated the full range of ways any business might adjust to a minimum wage hike. Most empirical research has focused on whether firms cut jobs or […]
By Andy Blom, TES Washington Editor Joe Biden is bumbling through Europe, getting greeted (for better or worse) as “not Trump”. Benjamin Netanyahu gave his exit speech as Prime Minister of Israel and sounded more like Arnold Swarzenegger than Golda Meir (“I will be baaacckk!”). Aren’t political leaders fun? While our leaders […]
by Tom Ryan In May the first minister of Wales, Mark Drakeford announced that he is trialling a ‘Universal Basic Income’ (UBI) in Wales, a policy of direct and unconditional cash transfers. This fashionable policy has been tried around the world by governments and private organisations, but hasn’t much to show for it so […]
By Robert Genetski Today’s employment report for May confirms that the economy continues to soar. Average hourly earnings rose at a 10 percent annual rate from the first quarter, a further indication of upcoming inflation. The Week That Was Economic news this past week continue to show business activity soaring in May. […]