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If You Work Full Time, You Will Not be Poor

By |2014-02-17T11:39:00-05:00February 17th, 2014|

This column by ACRU General Counsel Peter Ferrara was published on February 5, 2014 on The American Spectator website.

President Obama said in his State of the Union last week, “But Americans overwhelmingly agree that no one who works full time should ever have to raise a family in poverty.”

Thank you, Mr. President. But even without you, as already enacted in current law, for anyone who works full time in America, the minimum wage, plus the Earned Income Tax Credit, plus the Child Tax Credit, equals or exceeds the poverty level for every possible family combination, including single mothers with […]

Truth and Consequences for Krugman, and Keynes, and Obama

By |2014-02-17T11:10:12-05:00February 17th, 2014|

This column by ACRU General Counsel Peter Ferrara was published on February 10, 2014 on Forbes.com.

Just about one year ago, on February 8, 2013, New York Times columnist and unreconstructed Keynesian Paul Krugman was interviewed by another lefty, Marc Lamont Hill, on Huff Post Live, the Huffington Post website.

Krugman was expounding on how to get the economy growing again and create jobs, which he had discussed in detail in his book, End This Depression Now. “It’s the easiest thing in the world,” Krugman explained. “The really horrifying thing is this is something we know how to end, we could […]

Bully EPA's Air Rules Over All

By |2014-02-11T11:05:01-05:00February 11th, 2014|

This column by ACRU Senior Fellow Robert Knight was published February 10, 2014 on The Washington Times website.

With breathtaking mountains, constant wind and a tiny carbon footprint, Wyoming has some of the prettiest scenery and cleanest air in the nation.

Wyoming ranks 10th among the states in size, but with only 580,000 people — fewer than the city of Las Vegas — it’s only 49th in population density. You can throw a lot of rocks and not hit anybody — for miles.

You might think that it would be the last place that the Environmental Protection Agency (EPA) would […]

President Obama's State of the Union Formula for Economic Stagnation: More Taxes for Still More Spending, and Still More Regulation

By |2014-02-03T12:08:12-05:00February 3rd, 2014|

This column by ACRU General Counsel Peter Ferrara was published on January 31, 2014 on Forbes.com.

In a column last month (Barack Obama’s Presidency Is a Complete Failure By His Own, Self-Imposed Standards 12/31/2013), I explained that President Obama’s Presidency has been a complete failure by his own standards. He tells us that he is fighting for the middle class. But real middle class incomes have been declining steadily throughout his entire time in office, more since the recession than during the recession.

He tells us that countering increasing income inequality is the defining issue of our […]

Politics of Hate and Envy

By |2014-01-31T12:40:06-05:00January 31st, 2014|

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published January 29, 2014 on Townhall.com.

Part of the progressive agenda is to create hate and envy. One component of that agenda is to attack the large differences between a corporation’s chief executive officer’s earnings and those of its average worker. CNNMoney published salary comparisons in “Fortune 50 CEO pay vs. our salaries”. Wells Fargo CEO John Stumpf’s annual salary is $2.8 million. CNN shows that it takes 66 Wells Fargo employees, whose average salary is $42,400, to match Stumpf’s salary. It […]

The Taxation President

By |2014-01-31T11:46:07-05:00January 31st, 2014|

This column by ACRU General Counsel Peter Ferrara was published on January 30, 2014 on the American Spectator website.

The President started last year forcing through sweeping tax increases. The top marginal income tax rate rose by nearly 20%, to punish the most successful for the anti-social acts of working too hard and producing too much. The capital gains tax rate was increased by nearly 60%, as was the tax on corporate dividends. America’s top marginal corporate income tax rate remains the highest among all developed world economies, close to 40% on average, given state corporate tax rates as well.

But […]

ACRU Supports Hobby Lobby Against ObamaCare Contraceptive Mandate

By |2020-04-23T21:52:39-04:00January 28th, 2014|

“Individuals have Free Exercise rights with respect to their for-profit businesses.”

WASHINGTON, D.C. (Jan. 28, 2014) – The Affordable Care Act’s contraceptive mandate unconstitutionally violates the religious freedom of a Christian family that owns a chain of craft stores and a chain of Christian bookstores, the American Civil Rights Union argues in a brief submitted today to the U.S. Supreme Court.

Written by ACRU General Counsel Peter Ferrara, the brief in Sebelius v. Hobby Lobby Stores, Inc., Mardel Stores Inc., David Green, et al. notes that the Green family’s refusal to offer insurance coverage of abortifacients to […]

Obama Should Stop Taking Credit: Health Savings Accounts Are Driving Down Costs

By |2014-01-21T12:00:00-05:00January 21st, 2014|

This column by ACRU General Counsel Peter Ferrara was published on January 21, 2014 on the Forbes website.

In his economic address at the Washington Navy Yard on September 16, President Obama bragged that “Health care costs are growing at the slowest rate in 50 years,” and attributed that to his Affordable Care Act, “which has helped to keep down the rise in health care costs to their lowest level in 50 years,” he claimed. He reiterated that in his press conference on November 14. His chief economist Jason Furman echoed that line in arguing that Obamacare is slowing health inflation in […]

Income Inequality

By |2023-03-10T08:04:39-05:00January 15th, 2014|

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published January 15, 2014 on Townhall.com.

Democrats plan to demagogue income inequality and the wealth gap for political gain in this year’s elections. Most of what’s said about income inequality is stupid or, at best, ill-informed. Much to their disgrace, economists focusing on measures of income inequality bring little light to the issue. Let’s look at it.

Income is a result of something. As such, results alone cannot establish whether there is fairness or justice. Take a simple example to make the point. Suppose Tom, […]

Why Economic Growth is Exponentially More Important Than Income Inequality

By |2014-01-15T12:50:06-05:00January 15th, 2014|

This column by ACRU General Counsel Peter Ferrara was published January 14, 2014 on Forbes.com.

In 1900, we had no airplanes, no computers, no cellphones, no internet. We had only rudimentary versions of cars, trucks, telephones, even cameras.

But in the last century, 1900 to 2000, as Stephen Moore and Julian L. Simon report in their under appreciated work, It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, real per capita GDP in the U.S. grew by nearly 7 times, meaning the American standard of living grew by that much as well. The authors explain,

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