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Economics

Raise Minimum Wage and Workers Cut Hours to Keep Welfare

ronald mcdonald sad Reportedly, Seattle’s law to raise minimum wage is running into a conflict with the welfare state. As Mark reported back in 2013, one attempt to propagandize for a higher minimum wage was to accuse large companies using unskilled labor of being “welfare queens.” McDonald’s and Walmart were smeared with this term because anyone who was trying to live on a single income as one of their employees would need government assistance to live. The idea was pushed that McDonald’s and Walmart are Read more [...] Continue reading →

Limo Rider Hillary Clinton Lectures Us on Evils of Uber

uber_logo Uber is bad because consumers aren’t paying more to crony taxi cab companies. When a politician is described as “boosting labor” that means he or she wants to force consumers to pay more and get fewer options.  Thus the U.S. News and World Report headline: “Hillary Clinton Boosts Workers, Blasts Uber.” Hillary Clinton is out to boost labor rights at companies like Uber, a move that may resonate with some voters but could alienate small-business owners. The leading Democratic presidential Read more [...] Continue reading →

Obamacare Already Rations Healthcare so Let’s Kill Babies if They Have Defects

death panel reaper obama A Princeton professor is blunt about his call to kill babies by intentional withholding of care. They intentionally deceived the nation to pass “The Affordable Car Act”... and the truth keeps flowing about what they intended to accomplish with Obamacare all along: From Vision to America: “Princeton Professor Calls For KILLING Disabled Infants Under OBAMACARE.” In a radio interview Sunday with Aaron Klein, broadcast on New York’s AM 970 The Answer and Philadelphia’s NewsTalk 990 Read more [...] Continue reading →

Politicians and Voters Both Live in Make-Believe World

Pope on Subway Pope Francis has become a propagandist for the make-believe world of the EU and the US ruling regime. Here is a rousing commentary on the foolishness of both Pope Francis and the Eurocrats: “The Pope joins the EU in a sad world of make-believe.” What has a Papal Encyclical calling on the world to end its use of fossil fuels and to pray to God for the success of the global “climate summit” in December got in common with the Greek euro crisis, the ominous rift between the West and Russia, Read more [...] Continue reading →

Unaffordable Care: Obamacare Prices May Go Up 30-50% in Some Regions

repeal obamacare Anyone who was honest and not stupid knew that Obamacare prices would skyrocket, so naturally politicians imposed it on us. Do you think health care costs are unaffordable under the (heh) Affordable Health Care Act? Well... medical insurance premiums under Obamacare are going up an additional thirty to fifty percent in 2016. Yes, really!—thirty to fifty percent in some places. Here’s the news from Politico.com: “Experts see big price hikes for Obamacare.” The cost of Obamacare Read more [...] Continue reading →

Daily Beast Writer Figured Out Minimum Wage Hurts Poor

minimum wage She writes as if she hates admitting that real economists have said for centuries that raising the minimum wage hurts poor people. Even as she raises the issue she tries to make “conservative economists” appear unreliable: This week, the Los Angeles City Council voted to increase its minimum wage to $15 an hour, from the current $9, by 2020, joining the ranks of other liberal cities like Seattle and San Francisco who are acting despite federal inaction on the issue. But L.A. is the largest Read more [...] Continue reading →

Even If Man-Made Global Warming Was Real, Environmentalists Would Still be Wrong

polar bears roasting penguin Man-made global warming would not make big government competent to fix it. If you think that just because you are not personally a climate scientist you therefore have no right to an opinion about anything Al Gore says the government should do, you need to think again. Ryan McMaken has written an excellent essay at Mises.org that points out the political fallacy. He writes in part: It seems that for the global warming lobby, all that is necessary to set everything right is to hand control Read more [...] Continue reading →

Obamacare Spending Is Consuming the Economy

money vortex While GDP barely improved, Obamacare spending has exploded. As I mentioned recently, mainstream news outlets are admitting that the economy is grinding to a halt. A Washington Post article revealed that the economy only grew a fifth of a percentage point in the last quarter. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year. Read more [...] Continue reading →

God’s Law regarding Economics

 When travel plans go awry it can be frustrating. My flight out of BWI on Monday was canceled due to equipment breakdown. I’m glad that was discovered by the crew as we sat on the run way rather than in the air. It meant returning to the terminal, deplaning and a wait of 10 hours. That delay created a cascade of problems that had to be worked out, find a last minute replacement to speak in my stead at the meeting that night in California, find a different person to pick me up at the airport Read more [...] Continue reading →

No, Harry Reid, Crushing Poverty Does Not Cause Violence

poverty etc Harry Reid thinks crushing poverty explains the violence of the riots—though he is quick to say he does not condone the violence. Before I explain how wrong he is, let me first thank Harry Reid for bringing up justice reform as a bipartisan issue. The Daily Caller reports that he did so: So instead of turning a blind eye, let’s work together and take this problem seriously. There is bipartisan work being done on criminal justice reform and that is a good start. For once, Reid is absolutely Read more [...] Continue reading →

Obama on Earth Day: I’ve Stolen More Lands from States than Any Other President

Barack Obama, Al Gore Earth Day is a rationalization for Federal land grabs in the name of the planet. The euphemism for “stole” in President Obama’s statement is “set aside.” As in the headline at CNS News: “Obama: 'I've Set Aside More Public Lands and Waters Than Any Administration in History'” In an Earth Day speech delivered today in the Florida Everglades, President Barack Obama boasted that he has set aside more "public land and waters" than any president in the history of the country. President Read more [...] Continue reading →

L.A. Stage Actors Understand Economics! No to Higher Wage.

minimum wage L.A. stage actors want to be exempt from minimum wage hikes because they don’t want their employers driven out of business. This is great but it is infuriating. Doesn’t anyone realize that all other businesses are affected by the same economic forces? I’m referring to this story at the New York Times about L.A. stage actors: “Actors’ Equity Pushes for Minimum Wage, but Not All Members Want It.” They rehearse for weeks, often in run down theaters that were once garages or retail Read more [...] Continue reading →