Today is the 215th anniversary of the birth of Frederic Bastiat. Born June 30, 1801, Bastiat was the one of the greatest classical liberal economists coming from France. He brilliantly came up with the Broken Window Fallacy, penned the hilarious satire “The Candlemaker’s Petition” and proposed to the King of France that he “forbid all loyal […]
Archives for June 2016
A third of U.S. businesses would reduce staff to pay for $15 minimum wage
One of the unintended consequences of the minimum wage is that businesses would hire fewer people or reduce their workforce altogether. Unions know this so they try to cut a deal with companies and pledge to work for less if management unionizes the business. Just look at what’s happening in California (SEE: Union Hypocrisy: Los Angeles […]
Here We Go Again: Elizabeth Warren takes on Silicon Valley
Elizabeth Warren…is there anything she won’t regulate? The Massachusetts Democratic Senator delivered a speech during an event for New America, a public policy think tank in D.C., in which she claimed that, like many of the big Wall Street banks, some of the tech companies have become “too big to fail” and that something needs […]
Ron Paul: After Brexit, Can We Exit a Few Things Too?
By: Ron Paul Last week’s UK vote to leave the EU may have come as a shock to many, but the sentiment that led British voters to reject rule from Brussels is nothing unique. In fact it is growing sentiment worldwide. Frustration with politics as usual, with political parties that really do not differ in […]
Is a global food shortage coming? FEMA contractor warns of unrest after 395% food price spike in 2020
Is a global food shortage on the horizon? Reports are making the rounds on the Internet after a FEMA contractor warned of worldwide unrest after a 395 percent spike in the cost of food. Such a jump would lead to extreme civil chaos in each part of the globe. Reportedly, an array of parts of […]