2019 G20 Summit: Tariffs and forbearance

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace. Continue Reading...

Why looting is the worst kind of theft

The Mongol ruler Genghis Khan once asked his generals, “What is the greatest happiness in life?” When they answered that it was going hunting on a spring day while riding a beautiful horse, Genghis said they were wrong. Continue Reading...

Should credit-card interest be capped at 15%?

Democratic presidential primary contender Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have unveiled a plan to cap credit-card interest rates at 15%: Under the “Loan Shark Prevention Act,” the annual percentage rate applicable to any extension of credit would not be allowed surpass 15% on “unpaid balances, inclusive of all finance charges” or “the maximum rate permitted by the laws of the State in which the consumer resides.” Consumer debt, and credit card debt in particular, is something many Americans struggle with and both the amount of total debt as well as the interest rates have escalated in recent years: The median credit-card interest rate was 21.36% Continue Reading...

Should the Boston Marathon bomber get to vote?

During a CNN town hall on Monday, a student asked Democratic presidential candidates Bernie Sanders and Kamala Harris whether they would allow felons in prison to vote: You have said that you believe that people with felony records should be allowed to vote while in prison. Continue Reading...

From the streets of Caracas, Venezuela

Perhaps nothing sums up the situation in socialist Venezuela quite like the photo below. Within just a few feet of a grocery store, people dig through a garbage truck in desperation looking for food. We’ve written quite a bit about the crisis in Venezuela over the past year and today, we’re pleased to bring you a report straight from Caracas. Continue Reading...