By: Karl-Friedrich Israel One of the most discussed topics in modern macroeconomics is the alleged trade-off between price inflation and unemployment. The Phillips curve became, in one form or another, the linchpin of modern monetary policy since the 1960s when Nobel laureates Paul Samuelson and Robert Solow presented the curve as a politically exploitable “menu […]
Archives for October 2016
A brief look at the negative effects of the minimum wage (video)
If you don’t feel like reading through Ludwig von Mises or Murray Rothbard and you don’t want to watch the hundreds of YouTube videos about this topic then here is a quick overview of the negative effects of the minimum wage. PragerU is out with a new video that quickly explains how the minimum wage […]
Scary: WikiLeaks tweets photo of heavily armed ‘police’ outside Ecuador embassy
It doesn’t look good for Julian Assange at this point. WikiLeaks, the government transparency organization, tweeted out a photo that appeared to be heavily armed “police” stationed outside of the Ecuador embassy in London. Here is the tweet: PHOTO: Heavily armed ‘police’ appear outside Ecuadorian Embassy in London where Julian Assange has political asylum (photo, […]
The Federal Reserve is Hillary Clinton’s secret weapon
By: Tommy Behnke Say what you want about Donald J. Trump, but he is correct about one thing: the Federal Reserve has, with near certainty, been holding interest rates down for political purposes — namely, to aid Hillary Clinton in getting elected president of the United States. In September’s first presidential debate, Mr. Trump said: We […]
Infographic: How does the stock market perform during U.S. election years?
The stock market is placing its money on Hillary Clinton, and it certainly hopes that traders are right. Investors view the former Secretary of State as a status quo candidate that will continue to feed Wall Street money and not rein it in at all. On the other hand, traders view Donald Trump as a […]