The United States economy created just 156,000 new jobs in September. This is lower than expected as economists had projected 176,000 new jobs. Meanwhile, the unemployment rate rose to five percent. The pace of job creation has been sluggish since last year. Many industries, particularly energy and manufactured, have reduced their hiring initiatives. The industries […]
Archives for October 2016
Hillary Clinton & Donald Trump – Why Democracy Rewards Bad People
By: Hans-Hermann Hoppe One of the most widely accepted propositions among political economists is the following: Every monopoly is bad from the viewpoint of consumers. Monopoly is understood in its classical sense to be an exclusive privilege granted to a single producer of a commodity or service, i.e., as the absence of free entry into […]
5 random things for Friday (what Brexit collapse?, the miracles of socialism, the real cause of inflation)
News Story of the Day: it seems the state-run pension systems are going to be in for some turbulent times over the coming years. Last year, state-run pension systems across the United States were underfunded by $1.2 trillion, and the experts are warning that the funding gap could widen over the next several years. According […]
Watch Tim Kaine interrupt Mike Pence for five minutes
The United States vice presidential debate between Mike Pence and Tim Kaine took place on Tuesday. The general consensus was that Pence was the victor, particularly because Kaine came across as obnoxious, uncouth and underconfident. Perhaps also because he never permitted his opponent to speak. Here is Kaine interrupting Pence for five full minutes:
U.S. government spends $1 billion a year telling you how good of a job it’s doing
The government is spending your money to tell you how good of a job it’s doing. A new report from the Government Accountability Office (GAO) found that federal agencies spend approximately $1 billion each year on advertising and public relations contracts. Interestingly enough, the government has spent an extra $430 million for 5,000 federal public […]