That’s right! According to a new Heritage Foundation study, the amount of money in new regulatory costs last year equals the number of stars in the Milky Way Galaxy.

Ten months following the implementation of Seattle’s minimum wage increase, how is the city doing?

Common sense – not to mention tight budgets – shout for penal code reform. Our legislature should take the time and effort to fix our woefully out-of-date penal code.

Economics is a logical science. Economists use mathematics, graphs, and plain logic to map out consequences of policies. Sounds simple, right? Is anything as simple as it sounds?

Ah, Labor Day. The punchline of so many unfunny jokes. We won’t attempt to humor you with any jokes, but we would like to briefly discuss a topic that'll make you smile...

Great golf, gorgeous beaches, spicy shrimp and grits, and tea so sweet it’ll knock you into next Tuesday: welcome to South Carolina!

Trade matters. The dizzying array of countries that fill in the blank on the “Made in ______” tags attached to everything we buy proves that. This is currently a hotly debated issue in Congress, and we all ought to care deeply what they decide: because it will affect us all as consumers.

Late in 2014, headlines heralded the news that America’s official unemployment rate had fallen below 6% for the first time since 2008. Surely, a sign that we’re on the path to recovery, right? A closer look says “not so fast.” From 2008 to the most complete numbers we have in 2013, South Carolina’s labor participation has seen a uniform, steady decline across gender and race, aside from a 2012-2013 rebound among Hispanic workers.

“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.

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.