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Waging War on Work

Waging War on Work

Employment law is a mainstay of state economic policy. Few question its efficacy as a means to correct “market failures”—like unlivable wages for meaningful work—that would leave society in shambles. In fact, no serious debate exists among American policymakers about the benefits of such laws. ...

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Reads: 1012

40 Ways That China Is Beating America

40 Ways That China Is Beating America

China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening.  The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is ...

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Reads: 1547

Fed’s Policies Expose Mainstream Fallacies

Fed’s Policies Expose Mainstream Fallacies

At the annual meeting of the American Economic Association in San Diego (January 4–6, 2013), Harvard professor of economics Benjamin Friedman said, The standard models we teach ... simply have no room in them for what most of the world's central banks have done in response to the crisis. ...

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Reads: 873

'Money Stimulus Marathon' Good for Gold Price:

'Money Stimulus Marathon' Good for Gold Price:

Eric Winmill, mining equities research analyst with Casimir Capital, sees great potential for small-cap metals producers and developers in the Americas—home to good infrastructure, skilled workers and great geology. In this Gold Reportinterview, Winmill also explains how "all-in" cash costs are ...

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Reads: 920

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

Are we witnessing the start of a historic financial meltdown in Europe?  In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets.  The first involves Spanish Prime Minister Mariano Rajoy.  It is being alleged that he has been ...

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Reads: 949

Banking and the State

Banking and the State

 "It had come to be accepted that the pigs, who were manifestly cleverer than the other animals, should decide all questions of farm policy, though their decisions had to be ratified by a majority vote."

Orwell, G. (1989 [1945]), Animal Farm, S. 34

 The Starting Point: Civilization ...

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Reads: 937

Economic Freedom Declines Again; Government Control Is Bad For Your Health

Economic Freedom Declines Again; Government Control Is Bad For Your Health

Economic freedom has declined under the Obama administration, and America’s rank has repeatedly fallen on the Index of Economic Freedom and other rankings issued by think-tanks and research foundations. (The Heritage Foundation just releasedthe 2013 Index of Economic Freedom.) In their Economic ...

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Reads: 1252

Where Is the Inflation?

Where Is the Inflation?

Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the price level as measured by the Consumer Price Index (i.e., CPI).

Let ...

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Reads: 1058

Governor Jindal's Bold New Tax Plan

Governor Jindal's Bold New Tax Plan

’I've spent a better part of my day today answering media queries about Louisiana Gov. Jindal’s new tax plan, which is detailed here.Bobby Jindal by Gage Skidmore

His goal is to eliminate the corporate income tax, the individual income tax, and the franchise tax. Details are still a bit scant, but ...

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Reads: 942

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