Wealth & Poverty Review | Page 4

group-of-young-african-kids-walking-with-buckets-and-jerryca-224079857-stockpack-adobestock
Group of young African kids walking with buckets and jerrycans on their head as they prepare to bring clean water back to their village.
Image Credit: Logan Venture - Adobe Stock

How Africa Can Get Rich

Africa too can get rich, as once-poor Asian countries have, but not if governments keep doing what they've been doing. Basically, they will have to throw off the stifling tax systems inherited from their prior colonial governments. There are other things you can add to that. But, I think we can say, with confidence, that if things stay as they are, nothing is possible. Read More ›
american-flag-wtih-american-constitution-stockpack-adobe-sto-219417522-stockpack-adobestock
american flag wtih american constitution
Image Credit: BillionPhotos.com - Adobe Stock

Constitution Day: If Its Light Goes Out, Darkness and Oppression Are Sure to Follow

We have all had moments where we realized that if we had only known more or had critical information, we would have avoided making a serious mistake. Today there are a considerable number of elites in high places in America who embrace a vision for reordering America wherein our constitutional republican government would be supplanted by a new system to accommodate a new global order. It may be a shorter step than what most would think, for in the last 115 years America has seen its governance evolve from a constitutional republic into an unaccountable administrative state with little resistance. The critical lesson of history that every freedom-loving person needs to grasp is this: The entire world lived in political Read More ›

fifty-hundred-dollar-banknote-closeup-of-50-usd-bill-america-424601806-stockpack-adobestock
Fifty Hundred Dollar Banknote. Closeup of 50 USD bill. American Money. USA Currency, Cash Money as Background
Image Credit: Rabanser - Adobe Stock

How to Avoid Sovereign Default

Governments sometimes get themselves into trouble with too much debt. Early economist Adam Smith devoted the last chapter of his famous Wealth of Nations (1776) to the topic of sovereign default. “The progress of the enormous debts which at present oppress, and will in the long-run probably ruin, all the great nations of Europe, has been pretty uniform,” Smith wrote. “The practice of funding [financing deficits with debt] has gradually enfeebled every state which has adopted it.” Read More ›
a-construction-worker-sits-on-a-beam-overlooking-nyc-this-ph-895599225-stockpack-adobestock
A construction worker sits on a beam overlooking NYC. This photo is ideal for illustrating concepts of urban development, construction, and risk.
Image Credit: SY - Adobe Stock

Labor Day is Really All About American Exceptionalism

Other than punctuating the end of summer, Labor Day has for many lacked meaning associated with other holidays. Properly understood, it is the holiday that celebrates not only labor, but the job creators and entrepreneurs central to the flourishing of the United States and its people. Read More ›
Confederate Memorial Removal
Work continues on the removal of the Confederate Memorial in Section 16 of Arlington National Cemetery, Arlington, Va., Dec. 20, 2023. (U.S. Army photo by Elizabeth Fraser / Arlington National Cemetery / released)
Public Domain image from Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Confederate_Memorial_removal_from_Section_16_of_Arlington_National_Cemetery,_Arlington,_Virginia_on_December_20,_2023_-_16.jpg

Restoring Arlington Cemetery’s Reconciliation Monument is Pivotal for American Greatness

The attack on normalcy, traditions, and history in America intensified in 2020 with Covid-19 lockdowns and the riots catalyzed by the death of George Floyd. When destruction then turned under the Congressional Naming Commission to the icons associated with the Confederacy of the Civil War period, the Reconciliation Monument in Arlington Cemetery came into the crosshairs. It was removed from Arlington on Dec. 16, 2023, despite longstanding traditions and laws against desecrating gravesites. Read More ›
Competition-Will-Put-Rail-on-the-Right-Track-196

New Report Urges Congress to Embrace Competition to Revitalize U.S. Passenger Rail

A new report from Discovery Institute outlines a bold vision for restoring America passenger rail through competition, private sector innovation, and targeted infrastructure investment. The report was written by Chapman and Ray Chambers, head of the Association for Innovative Passenger Rail Operations and a Senior Fellow at Discovery Institute. Read More ›
C43456-15
11/3/1987 President Reagan shaking hands with Donald Trump at a reception for members of the "Friends of Art and Preservation in Embassies" Foundation in the Blue Room
Public Domain image from Wikimedia Commons: https://commons.wikimedia.org/wiki/File:President_Ronald_Reagan_shaking_hands_with_Donald_Trump.jpg

George Gilder: Trump is Reagan’s True Heir

We are confirmed free traders. Trade flows are information. In our information theory of the economy, nothing is more important than letting information flow undistorted. Still, we are not especially worried about Trump’s tariff threats because on net, he is doing the economy far more good than bad. The big economics lesson of the past 40 years has been the decisiveness of tax policy. Read More ›
a-geneticist-developing-gene-editing-techniques-for-disease-1389549628-stockpack-adobestock
A geneticist developing gene editing techniques for disease prevention, lab with CRISPR tools, petri dishes
Image Credit: ColleAno - Adobe Stock

The Future Is Local for Research Funding

Given the Trump administration’s funding cuts to the National Institutes of Health and the National Science Foundation, the U.S. must rethink how it endows innovation at American universities. Read More ›
545539719548a57687d37k
Image from Gov. Bob Ferguson's Flickr account: https://www.flickr.com/photos/wastategov/54553971954/

Gov. Ferguson Strips Away Washington’s Appeal with Slate of Tax Increases

Gov. Bob Ferguson recently signed into law the largest tax increase in state history. It included a 6-cent per gallon increase in the gas tax. Washington already had the third-highest gas price in the country, exceeded only by California and Hawaii. Next, Ferguson approved a rent control package that limits rent increases. Any student of economics knows that if you restrict a business’s ability to make a profit, the business will stop investing. Read More ›
ants-carry-the-leaves-back-to-build-their-nests-carrying-lea-512722548-stockpack-adobestock
Ants carry the leaves back to build their nests, carrying leaves, close-up. sunlight background. Concept team work together.
Image Credit: surasak - Adobe Stock

Disney’s Best Economics Cartoon

If you've overlooked A Bug's Life, you've bypassed one of the most uplifting films ever crafted. This animated triumph ranks among the most profound celebrations of libertarian principles on screen, championing the creative spark that drives human progress. It's perhaps no coincidence the film debuted in that innovative year of 1998, the same year as the founding of Google and PayPal, and the launch of the Apple iMac. Read More ›