In the United States, we naturally celebrate the Labor Day holiday with a holiday from work.
It’s well-known (although it’s not clear anyone wants to do anything about it) that US budget deficits and government debt took a big jump during the Great Recession from 2007-9, then another big jump during the pandemic recession, and are projected to rise steadily in the middle-term as an aging US population leads to higher government spending on Medicare, Medicaid, and Social Security. But it’s not just the United States. Especially after the pandemic, government debts around the world are high. The question is, based on past experience, what steps have some plausibility for reducing these debts.
There has been a growing concern about the stagnation of start-up firms within the US economy.
Gwartney's interview highlights how external factors, personal interests, and the people one encounters shape our life's trajectory and outcomes.
A staggering 14 million American workers report being part of the gig economy.
The “socialist calculation debate” happened in the 1920s and 1930s.
W.H. Auden once proposed that the extent of civilization could be judged by a dual standard: both “the the degree of diversity attained and the degree of unity retained.” I don’t fully agree, but at least to me, the idea captures something important.