Elect or Appoint? SC To Decide Process for Adjutant General’s Selection

October 1, 2014

DID YOU KNOW? This fall, South Carolina voters will be asked to decide whether or not South Carolina should continue to be the only state in America that still elects it’s Adjutant General….a position that very few know much about. Earlier this year, the Spartanburg Herald Journal Herald Journal did a good job laying out some key considerations..

Why We Have To Get Healthcare Right: Part II

Healthcare
September 4, 2014

A few weeks ago, I outlined how the policy areas of Immigration, Fiscal Policy and Poverty Assistance are integrally bound up in the larger healthcare debate. Today, we’ll examine three more. There are two indisputable facts on which everyone can agree: first, everybody will need medical care at some point. Second, the cost of medical treatment is astronomically high. A couple days of uninsured hospital care could easily saddle someone with a lifetime of debt. What many don’t realize however, is just how deeply entwined healthcare is with nearly every arena of public policy. Today, we’ll examine its impact on Agriculture, Education, and Federalism.

The Power of Words and the Ongoing Fight Against Common Core

Education
August 29, 2014

We have known for some time that Common Core State Standards (CCSS) have left voters, legislators, parents, and teachers frustrated and confused. Now we are learn that the Standards have caused a controversy amongst another group: pollsters. In a recent clash of surveys, the Gallup poll shows 60% of Americans oppose Common Core while an Education Next survey shows support for the standards in the 53% to 68% range. Why the big difference? Not surprisingly, it is the questions themselves.

Why We Have To Get Healthcare Right: Part I

Healthcare
August 14, 2014

Healthcare could be the single most important lynchpin policy issue that America has to grapple with today. There are two indisputable facts everyone can agree on when it comes to healthcare: first, everyone needs medical care at some point, and second, the cost of medical treatment is astronomically high. A couple days of uninsured hospital care could easily saddle someone with a lifetime of debt. It is impossible to bury your head in the sand deep enough to deny that our healthcare system is broken and needs reform. What many don’t realize however, is just how important healthcare policy is, and how desperately needed reform is. Let’s take a tour of six different policy arenas that are deeply entwined with healthcare. Here are the first three…

Ask The Economist: Exploring Quantitative Easing

Jobs & Economy
July 23, 2014

“Inflation everywhere is a monetary phenomenon,” said Milton Friedman, in his famous 1970 essay titled, The Counter-Revolution in Monetary Theory. What he meant is actually quite simple. Inflation (an overall increase in the price levels of an economy) only occurs when the amount of currency printed by the Federal Reserve exceeds the amount of goods being produced.

Ask The Economist: Are Government Agency Banks a Good Idea?

Jobs & Economy
July 15, 2014

People often associate capitalism with “Wall Street greed” and corporate fat cats getting special favors from government. The truth is, anytime the government is involved in the business of anything beyond protecting individual and property rights, it leads to a distortion of the free market and in fact detracts from authentic capitalism. We call this cronyism.

Ask the Economist: Minimum Wage Laws or Minimum Skills Laws?

Jobs & Economy
July 11, 2014

Many feel-good policies are ultimately disastrous. One of these, the concept of a government-mandated minimum wage, is particularly counterproductive. On the face of it, what could be so bad about guaranteeing the poorest workers in society receive wages high enough to ensure a minimum standard of living? (Especially since it only comes at the cost of “immoral corporate greed”?) The answer is: a lot.

Ask The Economist: Why Elasticity Means Soaking the Rich Won’t Work

Jobs & Economy
July 3, 2014

In the history of civilization, income tax policies designed primarily to soak the rich have always failed. Why? Because of a basic concept of economics called elasticity. Imagine the price of gas goes up by $4 per gallon (to say, the European price). If you routinely buy 20 gallons of fuel a week for your “fun” car (maybe a BMW M3 or Chevy Corvette), would you, after this price hike, be likely to add an extra $80 a week to the coffers of the gas company? The answer is, of course, no. You observe the price of gas going up and cut your consumption.