Nov 12
Michael DiFrancesco, a 22-year-old man from Bozeman, Montana, never had a chance. In 2009, DiFrancesco was convicted of being a minor in possession of alcohol and fined $185. He was ordered to pay for and complete a substance abuse course, neither of which he could afford. DiFrancesco’s driver license was later suspended due to the …
Oct 27
An astounding story was published by Reuters reporters last week. In most countries, “the internet” is a multidimensional thing emanating and maintained by thousands of different businesses, people and institutions. But in some African countries, “the internet” may depend on a single cable system. “Since the start of 2016, governments in 13 African nations have …
Jun 09
Governments everywhere demand that people get government licenses before engaging in certain businesses. Most States require that those who cut hair, perform manicures or help others with makeup must first go through hundreds of hours of government-approved ‘training’ before doing so. Such licensing laws keep poor people down by preventing them from starting businesses or …
Mar 06
Years of government impositions which punish savers and entrepreneurs have taken their toll on Americans. Social Security, Medicare, and other programs disincentivize people from saving and investing. Near-zero interest rates incentivize debt. Government licensing laws prevent the poor from entering rewarding careers. Minimum-wage laws prevent employers from offering entry-level positions to people needing jobs and …
Jan 01
American history has been defined by innovation and mobility. But increasingly, government regulations, licenses and “benefits” are forcing Americans to stay put. See here. “The percentage of Americans moving every year is less than half that of a half-century ago and down significantly since the early 1990s.”
Nov 08
An unemployed Stockton, California woman mentioned on her Facebook page that she would sell a sample of her homemade ceviche (a South American dish of marinated raw fish) for $12. An overpaid, underworked, undercover government investigator responded to the Facebook ad, purchased his meal and left. Now the woman faces prison time for selling food …
Aug 19
The taxicab industry has been so overregulated for so long that it cannot survive any exposure to real-world, market forces. Many states grant monopoly jurisdictions to cab companies and control prices, fares, numbers of drivers, and numbers of cabs. Poor people who want to start a cab company are simply not allowed. In fact, many …
Jul 04
According to a new time-series study by economists John Dawson of Appalachian State University and John Seater of North Carolina State, U.S. regulations have prevented the American economy from being productive and inventive. Because of this, U.S. GDP is just $16 trillion instead of $54 trillion. Ronald Bailey writes that “the growth of federal regulations …
Jun 23
Overregulation by government, near-zero interest rates, student loan debt, and near all-time-low savings rates have devastated home ownership rates. Home ownership is at its lowest in nearly 50 years, falling to 63.7 percent in 2015. It’s a “decade-long slide” that “is unprecedented in American history,” according to an annual report released Wednesday by Harvard University’s …
Jun 21
Financial Times recently reviewed the economic problems facing America’s lower-class males. Males of prime working age have abandoned work, as regulation and the criminal justice system have taken their tolls. See here. “Between 6 and 7 per cent of the prime-age male population was in prison at some point during their lives in 2008.”
