Economy

What happens when governments force corporate boards to appoint more women?

A controversial new law in California requires publicly traded companies headquartered in the state to include at least one woman on their board of directors. Supporters of those types of laws even contend that gender quotas could boost firm profitability. However, the literature indicates that gender quotas are unlikely to enhance firm performance. What is also shocking is that research argues that...

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Johns Hopkins economist explains why true cost of Biden’s spending plans could be $17.1 trillion—3X higher than advertised

In just his first 100 days, President Biden has rolled out ambitious spending plans meant to vastly increase federal funding for everything from infrastructure to jobs to families. The whopping $6 trillion price tag on these combined proposals has raised many eyebrows about how a nation more than $28 trillion in debt can afford such a splurge. Article by Brad Polumbo...

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America’s semiconductor industry crisis

For the past four years, the Department of Defense has been warning of a problem with the supply chain providing semiconductors and microelectronics. The demand would outstrip the supply.  Much of the concern centers on the U.S. dependency on China and other Asian suppliers for semiconductors and other electronic components. How did this dependency happen, you ask? Joe...

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The faith of entrepreneurs

Ludwig von Mises didn’t like references to the "miracle" of the marketplace or the "magic" of production or other terms that suggest that economic systems depend on some force that is beyond human comprehension. In his view, we are better off coming to a rational understanding of why markets are responsible for astounding levels of productivity that can...

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Bitcoin and a lesson in electricity markets

In their desperation to find a reason for why bitcoin is terrible-bad-destructive-awful and morally reprehensible, the crypto-obsessed authors of the Financial Times blog Alphaville – Jemima Kelly, Jamie Powell, Izabella Kaminska – are quickly running out of good choices. Article by Joakim Book from AIER. Their latest one is the “environmental FUD” – a classic in our world of environmentally obsessed elites,...

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US intelligence issues ominous warning over ‘sustained economic downturn’ and other long-term threats

The US Intelligence Community has warned that the COVID-19 pandemic will have long-term fallout, and will impact political and economic realities across the globe. Article from Zero Hedge. According to the Annual Threat Assessment - which comes on the heels of a separate intelligence report last week which offers a grim view of global challenges likely to be faced over the next...

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Higher prices and shortages on aisle three

If the post-coronavirus economy means living without ketchup and spreading less Nutella on toast, what were the face masks and lockdowns all for anyway? From higher prices to product shortages, the latest consumer trends signal hard times for U.S. shoppers as future visits to the supermarket and restaurants will be different from before the COVID-19 public health crisis. In the...

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