The retirement crisis in the United States worsens. A new report suggests that a majority of American households do not have any savings in an individual retirement account (IRA) or 401(k)-style accounts. Last week, the Government Accountability Office (GAO) released a study that found 42 percent of U.S. workers do not have access to a […]
Archives for May 2016
Rand Paul endorses Donald Trump, Ron Paul won’t vote for GOP nominee
It’s 2012 all over again! It should be very interesting dinner conversation at the Paul household. Just like in 2012, Kentucky Republican Senator Rand Paul has endorsed the presumptive GOP nominee. The former presidential frontrunner, who is now on life support to hold onto his senate seat, confirmed that he will support Donald Trump in […]
Public Servants: Who is Serving Whom?
By: Matthew Bankert When was the last time you used a government “service”? Maybe you went to the DMV to get a new driver’s license, or maybe you signed up for new healthcare plan using Healthcare.gov (you’d better — or else!). Whatever transaction it was, there was a government employee on the other end — […]
War on Cash: Larry Summers now wants to kill $50 bill, urges Switzerland to end SFR1,000 franc note
Last week, the European Central Bank (ECB) announced that it was ending the production and issuance of the 500-euro banknote in a move to clamp down on illicit activities. This is a move that should be emulated by the United States, says former Treasury Secretary Larry Summers. Writing in an op-ed in the Financial Times […]
Huh? President Obama calls for minimum wage hike amid disappointing job report
In the weakest job report in seven months, United States President Barack Obama urged the Congress to increase the minimum wage. As Robert Wenzel over at Economic Policy Journal wrote, this is something coming out of The Onion than a real news story. On Friday, the U.S. president said that not only does he want […]