Mississippi’s pension system one of nation’s worst

MORTAL DANGER: Mississippi’s unfunded liability with its state pension system ranks high among the states according to a recent study. By Steve Wilson | Mississippi Watchdog | November 12, 2014 Got $18,722 to spare for each resident of the Magnolia State? That’s each Mississippian’s share of the state’s growing unfunded liabilities in its defined-benefit pension system. Good luck […]

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A Recovery Stymied by Redistribution

A Recovery Stymied by Redistribution

Public policy intended to make layoffs less painful actually made layoffs cheaper and more common. By Casey B. Mulligan | The Wall Street Journal | Opinion | June 29, 2014 5:00 p.m. ET This is adapted from remarks by University of Chicago economics professor Casey B. Mulligan on receiving the Hayek Prize on June 25 from the Manhattan Institute for […]

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Smartphones

Don’t Despair, A Changing Economy Is On the Rebound

As smart-phones and their sensors become ever more sophisticated so will the apps to exploit them. It is an opportunity rich environment for entrepreneurs to remix and reboot the American economy. By Ashby Foote | June 13, 2014 | RealClearMarkkets.com June 2014 marks five years since the Great Recession officially ended and, despite the frenetic and sometimes imaginative […]

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Liberty and the Power of Ideas

The battle for the preservation and advancement of liberty is a battle not against personalities but against opposing ideas. The French author Victor Hugo declared that “One resists the invasion of armies; one does not resist the invasion of ideas.” This is often rendered as, “More powerful than armies is an idea whose time has […]

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The Truth About the Minimum Wage

People don’t like to think that anyone’s labor is worth less than the minimum wage. Someone might end up flipping burgers for $5.00 an hour. You might think the minimum wage is a way of paying some sort of dignity premium–hence language like “living wage.” People with such good intentions look at the direct beneficiaries […]

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Fracking: Glass Half-Full or Half-Empty?

Fracking has been hailed as a revolution in the American energy field. But according to a November article in The Economist, not all are optimistic about the benefits fracking will have on the economy. Some big companies have had poor investment results, and a Goldman Sachs report predicted only a “modest [economic] boost” from shale […]

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The Economic Safety Net (a parable)

Once upon a time, far, far away, people lived in a village on an island where life was difficult. But the people were good and worked hard and the village grew. The people called their island “Economy” and they were happy. Once upon a time, far, far away, people lived in a village on an […]

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