US Economic Freedom on the Decline — even before the bailout
The Cato Institute recently released its annual “Economic Freedom of the World” Index. The full study can be found here. Unfortunately, the news for the United States is not good. Since 2000, our score has dropped from 8.55 which was good for second in the world, to 7.86 which was good for only 10th in [...]
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Tagged with: Economic Freedom
He Who Giveth, Taketh (and gives to his friends)
In his posting below, Jim rightfully bashes Congress. I want to trash our beloved Albuquerque City Council too. During last night’s meeting, Council approved $147 million in TIDD subsidies in order to redevelop Winrock Shopping Center. Abundant literature shows that TIDD and TIF are economic losers.
At the very same meeting, in a move that could [...]
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Tagged with: Economic Freedom
Budweiser Bid Creates Anti-Trade Froth
The company that makes Miller Beer is owned by a South African company. The Coors Beer company is traded on the New York Stock Exchange and is jointly owned by a Canadian company. Now, shareholders of Anheuser-Busch brewing company are considering whether or not to allow InBev to acquire a controlling interest in the company.
Unfortunately, [...]
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Tagged with: Economic Freedom
Higher Minimum Wage Hurts Teens, Low Income Workers
Recently I blogged about the negative impact recent minimum wage increases are having on teenagers and others on the fringe of the job market. I expanded and elaborated a bit on the argument in a full-length article in The New Mexico Business Weekly.
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Tagged with: Economic Freedom
Early Retirement = Unpatriotic?
The Albuquerque Journal chooses to run some pretty odd articles from time to time. I understand that articles dealing with local topics may not always be the most well-written, but at least they deal with topics relevant to Albuquerque or at least New Mexico residents. The Albuquerque Journal chooses to run some pretty odd [...]
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Ohio or Texas (or New Mexico)?
With the Democratic candidates for President campaigning in Texas and Ohio ahead of Tuesday’s primaries, both states have become the focus of attention. As the Wall Street Journal points out, the states have pursued very different economic paths and achieved opposite results.
On one hand, Texas has no state income tax and is a right to [...]
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Tagged with: Economic Freedom
Rio Grande Foundation Joins National, State Groups in Expressing Concerns Over Stimulus
A week or so ago on this blog I discussed the stimulus package moving through Congress and argued that it was unnecessary and based on bad economics. Unfortunately, the President and Congress don’t always listen to us, so we teamed up with the National Taxpayers Union — a Washington, DC-based grassroots taxpayer organization — to [...]
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Tagged with: Economic Freedom
Can we afford a Richardson Presidency?
New Mexico Governor Bill Richardson has failed to gain the vaunted status of “front-runner” in either New Hampshire or Iowa that would generate the scrutiny that we’ve seen of say Mitt Romney’s religious beliefs or Barack Obama’s past drug use.
Nonetheless, in attempting to educate voters nationwide on Bill Richardson’s record — especially as it relates [...]
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Tagged with: Economic Freedom
Governments Shouldn’t Micromanage Land Use
I opened today’s West Side section of the Albuquerque Journal to find two seemingly unrelated stories that actually point to one of the biggest problems in economic development here in New Mexico: the tight control government bureaucrats have over land use decisions. As I have stated in the past on this blog, politicians are increasingly [...]
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Tagged with: Economic Freedom
Smokers Welcome?
Henry Morgan (subscription required) of Alamogordo is my hero. Why? Because he’s sticking it to the man by letting customers smoke in his restaurant. As any smoker and most non-smokers know, New Mexico is now “smoke free” just about anywhere indoors. So, while I personally may not like smoking and under normal circumstances might avoid [...]
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Tagged with: Economic Freedom

