Anti-poverty activists, left-leaning government officials and unions have been protesting all over the United States encouraging the federal and state governments to raise the minimum wage. They have been successful because many states have been hiking the minimum wage, particularly in cities and states on the West Coast. Ostensibly, these same groups have failed to read any of the works by Milton […]
Archives for March 2015
Price Inflation Chart: Electricity price index at all-time high in January
Despite mainstream economists and the Federal Reserve continuing to purport the myth that there is no inflation in the United States, another chart shows how there is price inflation occurring, at least for those who use more than a box of matches for their warmth and lighting needs. According to the electricity price index, the […]
10 massive failures from the dot-com bubble era
With the Nasdaq surpassing 5,000 for the first time in precisely 15 years, many are looking back to the dot-com bubble and comparing the two markets. Will we experience another crash similar to what happened between 1999 and 2001? Some analysts say it won’t happen, while others believe a collapse is imminent. We look back at 10 […]
Nasdaq soars past 5,000 for first time since dot-com bubble – a bubble burst near?
Where were you 15 years ago? It seemed like it was only yesterday that Bill Clinton was president, “Survivor” was the most popular show on television, Napster was the king of digital music and the prevalence of “whassup?!” became quite nauseating to the general public after a while. Why is this so important to outline? […]
Amazing chart shows massive debt levels worldwide
Due to excessive money printing, the growth of government and the failed idea that government is everything, we have become a world of debt. Although some countries have a lot more debt than others, it’s quite apparent that the debt-to-GDP ratio is just too high in a lot of developed nations. Using data from the […]