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opinion
Why I’d Never Invest in the Chinese Stock Market (And It’s Not Just Because of the New Decline)
From the summer of 2009 through 2012, I was an American economist living in Beijing. Although an avid stock investor, I have never once owned a Chinese listed company. Let me tell you why. Traditionally, Chinese households have had (basically) two places to put their savings: the banking system and residential real estate. With housing… -
opinion
EPA Finds Fun and Creative Ways to Waste Taxpayer Dollars
Senator Jeff Flake, R-Ariz., recently issued a report entitled “The Science of Splurging,” which provides several examples of how the Environmental Protection Agency wastes millions of dollars on meaningless projects, frivolous luxuries, and outright employee fraud. Here are just some of the examples: Contractor “Man Caves.” The EPA’s Office of Inspector General found that contractors… -
opinion
Omnibus Prolongs Corporate Welfare for Travel Industry
The omnibus appropriations bill the House will take up Thursday includes a measure to reauthorize Brand USA, the troubled corporation created by Congress to promote international visits to the U.S. The charter for Brand USA is due to expire at the end of 2015, but the House has proposed reauthorizing it through 2020 and adding… -
opinion
10 Free Market Principles That Could Transform Agriculture
Agriculture policy affects all Americans. From policies that drive up food prices to government control of your dietary decisions, it warrants significant attention. Unfortunately, central planning has been entrenched in agriculture policy for more than 80 years. The 2014 farm bill didn’t change that reality. When it comes to agriculture, many legislators ignore any free-market…
