When a private company voluntarily pays its staff a higher wage, it’s perfectly acceptable and should be applauded. However, when the government mandates businesses to pay employees an arbitrary number then that’s where the labor market and the private sector start to suffer. As economist Murray N. Rothbard wrote, “In truth, there is only one […]
Archives for April 2015
2015 Tax Season: Americans will spend more on taxes than on food, housing and clothing
With just hours until your tax return is due, the Tax Foundation has released some interesting findings in a new report about United States taxes. Essentially, the report highlights coercive extraction of your hard-earned money by the Internal Revenue Service is just perplexing and unscrupulous. According to the organization, Tax Freedom Day falls on Apr. 24, or 114 days into the year. […]
Citi economist loses his mind – proposes abolishing cash, taxing currency
It has long been predicted that society would transform into a cashless one. The futurists say that we would use chips inserted into our skin to buy milk, while today’s technology pioneers are developing wearable technology to pay for goods and services. Many fear that a cashless society would give the government more power and […]
Video: The Fraser Institute on government education spending in Canada
Like most other government programs, government education has been a failure. Students are being taught to be activists, the quality has decreased and spending has soared. Despite the various reports that governments from British Columbia to Prince Edward Island have slashed education spending, it has gone up while there have been fewer students. In fact, […]
JPMorgan CEO Jamie Dimon: ‘There will be another crisis’
This time, it isn’t just Peter Schiff, Marc Faber, David Stockman or Jim Rogers ringing the alarm bells warning about another looming financial crisis. One of the most prolific Wall Street CEOs is actually informing everyone that “there will be another crisis.” JPMorgan CEO Jamie Dimon wrote in an annual letter to shareholders that another […]