William Ryan’s Letter to the Editor this past Wednesday, “Government has $0: Taxpayers foot all bills,” demonstrates a common misunderstanding of the difference between federal government and state and local government finances. Let’s start with the basics. State and local governments — and some national governments (such as members of…
In 2018, the World Economic Forum (WEF) released a report titled “The Future of Jobs.” In that report, it estimated that automation may destroy up to 58 million jobs by 2022. However, in that same report, the WEF also predicted that automation would create 133 million new jobs. That’s 75…
Too often, Americans think our country can’t afford nice things. Several recent letters have exemplified such thinking. In “’Free money’ could kill jobs, boost inflation,” Erich Reimer argues a universal basic income (UBI) is unaffordable. In “President working to lower drug prices,” Marvin Rosman argues that we can’t afford Medicare…