We are all Homo sapiens, but for many economic theories and models we are also Homo economicus—the perfect economic men and women. All of our decisions with money are rational and we shop and sell with complete efficiency—or at least that is the theory.
The Mercatus Center, a conservative think-tank located at George Mason University, recently released its 2013 Freedom in the 50 States study.
The U.S. federal government is approximately $16.8 trillion in debt, according to the Department of the Treasury.
Hurricane Katrina wiped out New Orleans in 2005; it eradicated the physical and political infrastructure of the city. This is why when Mitch Landrieu, brother of Sen. Mary Landrieu, was elected as mayor
of New Orleans in 2010, he was able to remake the city.
“My dad killed himself,” said Senate Majority Leader Harry Reid in an interview with George Stephanopoulos of ABC News.
There has been much debate over whether or not the Republican Party should reform, and if it does, what should be the result of that reform. New Hampshire and the Free State Project offer an example of a possible end result.
Chapter 9, or municipal bankruptcy, is the fate that awaits Michigan’s most populous city if Michigan Gov. Rick Snyder’s efforts to restructure the city fail.
Economic development in Detroit will take money the city doesn’t have. A report by The Atlantic showed overall Detroit had $444 million in unpaid taxes and penalties owed to it. Since the crash on Wall Street in 2008, the property tax base has collapsed and state law says municipalities cannot collect sales tax.
In 1975, New York City suffered a financial crisis similar to the one Detroit is in now, and city leaders found themselves under the auspices of a state authority. An inordinate amount of municipal debt left the city unable to fund basic services and default appeared imminent.
“We must stop being the stupid party,” said Gov. Bobby Jindal of Louisiana about his beloved Grand Old Party in a speech to the Republican National Committee.
Republicans may take solace in a recent Gallup poll that showed 40 percent of Americans identify as conservative, 35 percent as moderate and only 21 percent identify as liberal—but those numbers provide a false sense of comfort.
Marco Rubio, the Republican senator from Florida, delivered his party’s response to President Barack Obama’s first State of the Union address of his second term—and it was awful.
Far from the penurious tendencies of his conservative counterparts in other states, Michigan Gov. Rick Snyder wants to raise taxes and spend more.
Michigan Gov. Rick Snyder laid out his taxing and spending proposals Thursday for the 2014 fiscal year.
They say cheaters never win, but Republicans across the country are determined to try.
Prince Harry of Wales recently compared his experience in active combat to playing video games during an interview with Britain’s Channel 4. The prince is brave to have left a comfortable life for warfare, but it was wrong to compare it to a video game. It reinforces an impression of a perilous situation, that while they may not admit it, many Americans already have of our campaigns in the Middle East.
When my elders start to reminisce about how good things were “back in the day,” I am tempted to remind them that back in their day, there was no cure for polio.
There was little to do but chuckle as I came upon a past article by The New York Times, “Michigan’s GOP governor defies easy labels,” a hagiography of Michigan Gov. Rick Snyder’s moderate presence in the state.
People say you shouldn’t politicize tragedies. But you should.
Every mass shooting, like the recent Sandy Hook Elementary School shooting in Newtown, Conn., is an opportunity to have a conversation about our gun culture. For it is the rare occasion, despite the frequency of these horrors, that you have the public’s attention.
The New York Times reported Dec. 3 that U.S. auto manufacturers posted sales had risen 15 percent in November. This year there has been plenty of positive news to report on the American auto industry. In January, it was reported that General Motors, which is headquartered in Detroit, repositioned itself as the top auto manufacturer in the world.
“m b v” as anything but a highly anticipated train ...