Congresswoman Norma Torres, Latina Democrat from California, may be doing more than any Republican has to support Trump's campaign proposal to deport illegal immigrants. With unemployment claims down, the Federal Reserve Bank of Atlanta predicting 4% GDP growth (never achieved in any quarter under Obama), and illegal immigration on the decline, President Trump may actually shift his plans to stop illegal immigration to the back burner, but Congresswoman Torres is picking up the slack.
Just as it was important for the Communist world to be continuously exposed to capitalist countries that got economics right, it is instructive for the capitalist world to be exposed to at least one country that gets its economics wrong, such as Venezuela.
As part of yesterday's column about global growth, poverty, and inequality, I realized that I've written several columns about economic policy in China, but never once focused on overall policy in India. Indeed, a quick look through the archives reveals only three columns that even addressed specific policies in India.
In 2015, the Federal Communications Commission passed a set of Internet privacy and net neutrality rules. The rules were then eliminated by Congress two months ago before they ever went into effect. Net neutrality ideologues are lamenting this new action, saying access to the Internet is a right and should be treated as a public utility.
Venezuela used to be one of South America's richest countries but years of explicitly socialist policies from the Chavez and Maduro regimes have taken their toll. Today, who can honestly defend the socialist structure that has caused Venezuela to descend into a nightmare of starvation and violence?
As Ronald Reagan pointed out many years ago, Washington is a company town. But rather than being home to a firm or industry that earns money by providing value to willing consumers, the "company" is a federal government that uses a coercive tax system to provide unearned wealth to various interest groups.
Politicians in California, unfazed by the disaster of Obamacare, want to create a "single-payer" healthcare scheme for the Golden State. In one fell swoop, California politicians would more than double the fiscal burden of government and cue a mass exodus out of the state.
An alien beamed down to Earth, especially to such bastions of global capitalism as London and New York, might be forgiven for thinking that we are in the midst of some sort of a catastrophe.
Finland has announced that it is conducting a social policy "experiment" which deserves closer examination. Through 2017 and 2018, Finland will provide a guaranteed basic income of 560 euros to 2,000 randomly selected welfare recipients. This benefit will be subtracted from other, currently existing welfare benefits that participants may be receiving, and, crucially, the payments will continue regardless of any other income that is earned.
While hard-line Remainers are convinced that people in poorer areas were somehow conned into voting against their own interests, Cornwall, the UK's largest recipient of EU regional development funds, was widely mocked for voting Leave and then requesting reassurance that Westminster would fill the funding gap.
"Occupy Wall Street and the very idea of the "one percent" emerged just after the financial crisis plunged much of the world into recession, and US and British banks were handed billion-dollar bailouts to steady the ship. The anger didn't come from the fact that bankers were so well paid.