Now that the government has become serious about eliminating exchange controls, a simpler solution becomes available to deal with the “strong” rand problem troubling exporters. All government has to do is offer them a choice of currencies. Exporters should be allowed to conduct their business in a currency of their
The new health care law mandates and extends the kind of insurance that breeds overuse, thereby driving up costs and premiums. The medical system is about to be overwhelmed because there are no disincentives for overuse, says Marc Siegel, an associate professor of medicine and medical director of Doctor Radio
Many people in France are waking up to the reality that they cannot sustain the welfare state indefinitely. Apparently, it isn’t economically feasible to have citizens take five weeks of vacation, produce very little and then be guaranteed pension benefits at age 60. It just doesn’t work, says Lee Doren,
California Congressman Brad Sherman (D) has introduced legislation to repeal right-to-work laws in the 22 states that have them. “Right-to-work” refers to the right of states to prohibit closed shops, a workplace that requires a worker to be a member of a labour union and to pay dues to that
In an economic climate that is characterised by recession, not depression, President Obama’s aggregate-demand-driven approach to recovery is suspect. Recessions are typically caused by industrial restructuring or realigning supply and demand, not massive, across-the-board declines in output or income (as it was during the Great Depression), says Samuel R. Staley,
The 2010 Index of Economic Freedom lowers the ranking of the United States to eighth out of 179 nations behind Canada! A year ago, it ranked sixth, ahead of Canada, says John Stossel.
For the past 16 years, the index has ranked the world’s countries on the basis of their
