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When we think of the dominant political topics of the day, issues like health care, immigration, and foreign policy in the Middle East quickly come to mind, but it is a mistake to leave the minimal commission from the list. At the face of Republican opposition, congressional action is unlikely before 2015 at the first, but there's quite a bit away from Capitol Hill. States and municipalities across the country are leading a localized drive to increase the minimum wage who see an opening to......Read More
The UK has the lowest-ever unemployment and the highest-ever minimum wage. Data monitoring back to 2000 show no link between the wage level and unemployment. The minimum wage has risen faster than inflation during that time period. The statistics indicate that the traditional economic idea that rising wage costs reduce the number of accessible jobs might not be accurate. LONDON - It's one of the oldest and debates in economics: Does increasing the minimum wage increase unemployment, by making it......Read More
In 1928 the cost of one postage was one cent, the labor for a vehicle tune-up was one dollar, along with labor cost to overhaul the engine and transmission was about $25. These facts strengthen the case for the dollar debasement that Austrian School economists have been creating for decades. Currency debasement is a consequence of monetary inflation. The Universal Law of Cause and Effect countries which each and every Effect has a Cause, also that each and every Cause or Action has a Effect. As......Read More
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