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Category Archives: Economy
Right To Work Repeal Would Cost “Thousands” of Jobs, Say VEDP
Editor’s Note: A bill to repeal Virginia’s right-to-work law is currently working its way through the Virginia House of Delegates. More dangerously, a bill to require “Agency Shop Fees” will be considered Sunday in the Senate Commerce and Labor Committee, and … Continue reading
Runaway Health Costs and Hospital Monopolies
Healthcare costs are crowding out other spending by citizens and governments. All Virginians know this. Few understand, though, that their elected leaders in Richmond, who are recipients of huge campaign contributions from hospital interests, bear a significant share of the … Continue reading
Posted in Economy, Health Care
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Forecast for 2020 Looks Better Than it Did a Year Ago
What a difference a year makes. Last year at this time there was talk of recession, in part, because the stock market and yield curve were signaling warning signs. At the end of 2018, the Dow Jones Industrial Average had … Continue reading
Posted in Economy
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Should U.S. Consider Modern Monetary Theory to Improve Economy?
The U.S. budget deficit reached $984 billion in 2019. That’s 4.6% of gross domestic product. Such a large deficit should cause interest rates to rise, according to traditional economic theory, because government debt “crowds out” private sector debt. Since there … Continue reading
Big Minimum Wage Increase Bad for Workers
It doesn’t make sense to ban jobs that pay a living wage, just because an employer can’t afford to pay a still higher wage. But that is what a $15 minimum wage does in regions where living costs and wages … Continue reading