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The Real 'War on the Poor' Is Being Waged by Obama

The Real 'War on the Poor' Is Being Waged by Obama

Republicans in Congress are being accused of fighting a “war on the war on poverty,” in part because of a tiny cut in the food stamps program last week. Democrats charge that these “cuts” will take food from the mouths of hungry children, and they claim this is an example of how Congress has shred ...

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Europe May Be in the Calm Before the Storm

Europe May Be in the Calm Before the Storm

Analysis

Austrian business cycle theory explains that the “bust” phase of that cycle is created by extension of the cheap and plentiful credit by a fractional reserve banking (FRB) system. A FRB system is inherently fragile during the bust phase as its leverage (lending as a percentage of its own ...

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15 Reasons Why Your Food Bill Is Going To Start Soaring

15 Reasons Why Your Food Bill Is Going To Start Soaring

Did you know that the U.S. state that produces the most vegetables is going through the worst drought it has ever experienced and that the size of the total U.S. cattle herd is now the smallest that it has been since 1951?  Just the other day, a CBS News article boldly declared that "food ...

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Reads: 3055

How Special-Interest Groups Benefit from Minimum Wage Laws

Those campaigning for a substantial jump in the minimum wage all assert that the purpose is to help working families. Unfortunately, careful students of the evidence come to a different conclusion. As Mark Wilson summarized it, "evidence from a large number of academic studies suggests that minimum ...

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Reads: 3018

28 Signs That The Middle Class Is Heading Toward Extinction

28 Signs That The Middle Class Is Heading Toward Extinction

The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it.  Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has declined for eight years in a row and U.S. ...

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The Wolves of Constitution Ave

The Wolves of Constitution Ave

Leonardo DiCaprio has been lambastedfor romanticizing the life of the real-life “wolf” he recently won best actor for at the Golden Globes. Jordan Belfort, the founder and president of New York investment banking firm Stratton Oakmont, conned small-time investors out of millions of dollars between ...

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Can the State Justify Welfare Spending?

Can the State Justify Welfare Spending?

An Essay on natural rights on in individual and the coercive power of the state to extract one's money and property.

The purpose of this brief essay is to present an argument that state spending on welfare, which necessarily rests on the state’s power to extract funds from the public, cannot be ...

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The World-View Behind Minimum Wage Advocacy

The World-View Behind Minimum Wage Advocacy

It’s at times like these, with minimum wage laws suddenly in vogue again, that one realizes that having the evidence on one’s side is not enough to win public policy debates.  The intellectual framework that people use to order their experience of the world must also be taken into account. How ...

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Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

This time, the Federal Reserve has created a truly global problem.  A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets.  But now that the Fed has decided to begin "the taper", investors see it as a ...

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