As the boom and bubble persists, we are starting to see more signs that it is 2006 all over again. The Federal Housing Administration (FHA) mortgage delinquencies spiked in the fourth quarter for the time since 2006, a time when the housing bubble was on the cusp of popping. According to a report from the […]
Archives for February 2017
Scary: Thomas Piketty joins socialist campaign in French election
If you thought the socialists in France wouldn’t get any worse then you would be mistaken. If the socialists somehow hold onto power in the next presidential election, you will see Thomas Piketty playing a vital role in government policy. Former Education Minister and Socialist presidential candidate Benoit Hamon announced that the economist has been […]
The Goal of Socialists Is Socialism — Not Prosperity
By: William L. Anderson About 40 years ago, economist Bruce Yandle went to Washington to work for the Council on Wage and Price Stability, ready to apply his knowledge of economics and educate his fellow workers. After all, he reminisces, one eye-rolling, head-scratching decision after another was coming from government regulators that surely someone versed […]
Study: U.S. falls to 17th place in 2017 global economic freedom index
The economic freedom in the United States has fallen once again, says a new report from the Heritage Foundation. For the ninth time in the last 10 years, America’s standing in economic freedom has dwindled, a revelation that shows the 44th president not leaving behind much of a legacy. According to a new study by […]
The racist history behind minimum wage laws (video)
The minimum wage is a racist law. Legendary free market economist Milton Friedman made this statement famous when he described minimum wage laws as hurting black people. Fast forward to the present, and minimum wage laws are still hurting minorities as well as youth, the unskilled and the uneducated. With that being said, the minimum […]