Wait…now Brexit will have zero impact on the United States economy and stock market? Yep. Those are the words of one Federal Reserve official, which is interesting considering that Fed Chair Janet Yellen warned of “significant economic repercussions” just prior to the referendum. Federal Reserve Bank of St. Louis President James Bullard told an audience […]
Archives for July 2016
In Europe, Workers Use Minimum Wage Laws to Exclude their Competition
By: Ferghane Azihari Economists often warn about the perverse effects of the minimum wage. It is acknowledged this measure does not increase the salary of less productive workers. It reduces their employability, their ability to increase their skills and experience and thus constitute a powerful barrier to social mobility. But an effect is “perverse” only […]
Bernie Sanders sells soul – endorses Hillary Clinton for U.S. president
You can’t expect too much from a socialist anyway. Who ever said a socialist had principles in the first place? Vermont Senator and 2016 presidential candidate Bernie Sanders announced Tuesday he will be endorsing former Secretary of State and election rival Hillary Clinton for president of the United States. He claimed that it’s important to […]
Easy money always leads to financial crisis (video)
Do you want a quick economic lesson? Easy money always leads to a financial crisis because it creates artificial booms, which tend to eventually implode. Easy money hurts savers, helps borrowers and props up the economy for a short period of time. In this brief video, Free to Choose Media’s Johan Norberg believes the pundits […]
Surprising: Most Americans against colleges using race in admissions
Are the American people gradually realizing that affirmative action is a failed policy? It seems so, at least according to a new survey from Gallup. The polling institution released the results of a new study that found a majority of Americans oppose colleges using race as a factor in admissions. Seventy percent are in favor […]