Outsourcing — sending manufacturing or services work abroad where it can be done more cheaply — can be a tough sell in the best of times. It’s even more of a challenge when jobs in the U.S. are already hard to find, making it painful to think of precious jobs being shipped overseas. If only…
American public schools continue to deteriorate while the education system mass produces mediocre students, unprepared for the challenges of real life. In the information age we live in today, we need smart students who can become globally competitive citizens, like never before. The public school system is detrimental to the success of our kids in…
Photo by donnamarijne 1. The Agricultural Revolution Agriculture involving domestication of plants and animals was developed around 12,000 years ago. The Fertile Crescent of Western Asia, Egypt, and India were sites of the earliest planned sowing and harvesting of plants that had previously been gathered in the wild. Agricultural techniques such as irrigation, crop rotation,…
Photo by roger4336 10. St. Louis, Missouri St. Louis is a major US port in eastern Missouri. The city, whose population is estimated to be around 320,000, is the second largest in the state. Almost 15% of St. Louis’ population is living below the poverty line. Missouri was one of only two states in the…
Photo by US Mission to the United Nations Agencies in Rome 1. The free market reduces poverty A 2013 study published by the World Bank which examined 18 countries over four decades, found that 75% of the income gains accruing to the bottom 40% of income earners were a result of economic growth. Thus, policies…
In the 1980’s and ’90s, rising crime, dilapidated streets, and a perception that police alone could not keep the streets of America safe led a few cities to take matters into their own hands. In cities such as New York, Los Angeles, Chicago, and Detroit, business and property owners banded together to form umbrella organizations…
Photo by kenteegardin 1. Higher taxes help the poor High taxes do not help the poor; economic growth does. When the taxes go up, those costs are usually just passed on to other people or spending is restricted. Either way, the net effect is often a huge hit on the economy. Millions of small and…
Almost forty years ago the economist Friedrich Hayek wrote a book entitled Denationalisation of Money-The Argument Refined: An Analysis of the Theory and Practice of Concurrent Currencies. Its thesis was that money and monetary order would be better provided by the private sector; instead of a central bank issuing a national currency, Hayek advocated a…
Photo by U.S. Army Corps of Engineers Los Angeles District 1. CBP spent 4.6 million to buy luxury homes for border agents A new Inspector General report has found that US Customs and Border Patrol spent more than $600,000 each on houses that were priced nearly seven times higher than market value. The homes, which…
Photo by pezhore 1. Standard Oil Co. Inc. Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 in Ohio, it was the largest oil refiner in the world. In the kerosene industry, Standard Oil replaced the old archaic distribution system with its own modernized vertical system. It…
Americans take into account different factors when choosing where to live. For some, the quality of schools is important. For others, the strength of the local economy or personal safety takes priority. To determine the best cities to live in, we used the data provided by 24/7 Wall St., Time magazine, and the U.S. Census…
At the beginning of the Cold War, George Kennan introduced the idea of “containing” an unfriendly state as part of his work on U.S. policy toward the Soviet Union. Later the idea of containment was implemented in part through the use of economic sanctions. It was based on two assumptions: For both ideological and geopolitical…