Archives for July 2013

This month, the Obama administration announced that it would be delaying the mandate that forces companies to join the Obamacare program by one year, but that hasn’t stopped small- and medium-sized businesses from taking necessary precautions to become exempt under the healthcare reform law. A new poll by the United States Chamber of Commerce found […]

Should cities mandate how much companies pay their employees? That’s the debate transpiring right now in Washington, D.C. as city council is mulling over legislation that would require big-box retailers to pay higher wages to its workers. Walmart made headlines after it threatened to exit the town if the “living wage” bill is passed and […]

For years, Austrian economists have had to explain to standard economists that war, destruction, riots and broken windows do not bring prosperity to any country, state or city. Famous 19th century French political economist published the 1850 essay “What is Seen and What is Unseen,” which included the Broken Window Fallacy. In his groundbreaking work, […]

The economy has recovered and now the Federal Reserve can roll back its quantitative easing program. At least this is what public officials, the leadership at the nation’s central bank and Wall Street wants you to believe, but anyone who understands government numbers it’s rather prevalent that the recovery has been a failure. Earlier this […]

New data released by the Federal Reserve on Monday indicates that American consumers increased their credit borrowing in the month of May, the fastest rate in roughly one year and the highest since autumn of 2010. The central bank’s monthly consumer credit report showed a near $20 billion increase. In total, consumers have borrowed money […]