Since minimum wage and poverty have made front-page headlines once again due to the nationwide fast-food demonstrations, this video will highlight that the best solution to poverty anywhere in the world is not government but rather the free market. World-renowned economist Milton Friedman explains this to a group of college students in 1978 at Stanford […]
Archives for December 2013
Study finds minimum wage hikes may widen income gaps
Fast-food workers and union members and leaders gathered in 100 cities across the United States on Thursday to encourage a hike in the minimum wage. Right now, fast-food workers earn $7.25 per hour for 20 hours each week, but they want the wage to soar to $15 an hour. This is the third major protest […]
Alan Greenspan warns of bitcoin bubble due to lack of intrinsic value
Is the establishment afraid of rising competing currencies against the United States dollar? Or is there genuine and reasonable concern over the digital currency? There is an ongoing, fierce debate on the true value of bitcoin. Speaking in an interview with Bloomberg Television in Washington on Wednesday, former Federal Reserve Chairman Alan Greenspan claimed that […]
Ron Paul: Bitcoin could be ‘the destroyer of the dollar’
Former Texas Republican Congressman and three-time presidential candidate Ron Paul has commented on bitcoin. Although Dr. Paul did not criticize or show support for the cryptocurrency, he stated that bitcoins could very well be “the destroyer of the dollar.” “There will be alternatives to the dollar, and this might be one of them,” said Paul, […]
5 cryptocurrency alternatives to bitcoin
Bitcoin is all the rage these days, mostly because of it’s dramatic climb from a few bucks to more than $1,000 in a 12-month timespan. For those looking to enter into the market to earn some quick cash, it might be too late for them. However, one can always speculate on five of these other […]