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The Case for Abolishing Minimum Wage Laws

August 1, 2019 by Admin

By Antony Davies and James R. Harrigan Eighteen states impose minimum wages higher than the federal minimum of $7.25 an hour. Among the states, California’s $12 an hour minimum is currently the highest (the minimum wage in the District of Columbia is $13.25). States are free to set whatever minimum wage they think is appropriate. This latitude notwithstanding, the American … [Read more...] about The Case for Abolishing Minimum Wage Laws

When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

July 30, 2019 by Admin

By Graham Smith Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many Aussies are celebrating Bitcoin’s exclusion from this clause, others find … [Read more...] about When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

This Cartoon Shows How the Minimum Wage Works

July 30, 2019 by Admin

By Mark J. Perry The cartoon below illustrates an important, but overlooked fact about the minimum wage and labor markets: Workers compete against other workers, not against employers, for jobs and higher wages. The low-skilled worker below (ex-bus driver Otto Mann on the Simpsons) is willing to work for $8 an hour to help Morris “Moe” Szyslak clean his bar but loses that … [Read more...] about This Cartoon Shows How the Minimum Wage Works

New Data Show the Trade War’s Mounting Costs

July 29, 2019 by Admin

By Max Gulker The trade war initiated last year by the United States is costing the global economy dearly. As observers around the world digest economic data from the second quarter, the harm manifests itself in different ways around the globe. Distilling a single narrative about why and how the trade war has harmed world economies is nearly impossible. A look through … [Read more...] about New Data Show the Trade War’s Mounting Costs

Fix Patents, Not Prices, to Solve America’s Prescription Problem

July 29, 2019 by Admin

By Marcus Maldonado Sen. Kamala Harris (D-CA), a frontrunner in the Democratic nominating contest for president, recently announced her plan, titled “People over Profit,” to solve the nation’s ongoing crisis regarding the ever-rising prices of pharmaceutical drugs. The provision courting the most national attention and controversy is its proposed hard cap on … [Read more...] about Fix Patents, Not Prices, to Solve America’s Prescription Problem

What’s Wrong With Intellectual Property?

July 29, 2019 by Admin

By corbettreport What is "intellectual property," exactly? Where does this pernicious idea come from? And how does this philosophical wrong turn lead us not just into the heart of absurdity, but toward the censorship of the internet and the control of your genome? Find out in this jam-packed edition of The Corbett Report . . . and stay tuned for the worldwide debut of … [Read more...] about What’s Wrong With Intellectual Property?

Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

July 28, 2019 by Admin

By Kai Sedgwick When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying and … [Read more...] about Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

How Our Culture Disempowers Teens

July 27, 2019 by Admin

By Kerry McDonald Teenagers are extraordinarily capable. Louis Braille invented his language for the blind when he was 15. Mary Shelley, daughter of libertarian feminist Mary Wollstonecraft, wrote Frankenstein when she was 18. As a young teen, Anne Frank documented her life of hiding from the Nazis during World War II. Malala Yousafzai won the Nobel Prize at 17. The Impact … [Read more...] about How Our Culture Disempowers Teens

The Pension Fund Apocalypse

July 26, 2019 by Admin

By Colin Lloyd Over the period from 1915 to 2014 the return on U.S. equities was an annualized 11.5 percent, while the return on government bonds averaged 4.3 percent. The longer-run average S&P 500 return is nearer 9 percent, but during the past decade it has exceeded 14 percent. U.S. bonds have also rallied, returning around 2 percent. Yields across most developed … [Read more...] about The Pension Fund Apocalypse

The Minimum Wage Is a Complex Issue. We Should Treat It as Such

July 26, 2019 by Admin

By Trace Mitchell Last week the House passed a bill that would increase the federal minimum wage to $15 an hour over the next five years. Proponents say it will put more money in the pockets of working-class people. Others worry that it will lead to a reduction in the number of jobs available to entry-level workers. A recent report issued by the CBO found that increasing … [Read more...] about The Minimum Wage Is a Complex Issue. We Should Treat It as Such

Want to Fix Health Insurance? Start With the Tax Code

July 25, 2019 by Admin

By Ethan Lamb In March, President Trump tweeted, “The Republican Party will become ‘the party of healthcare!’” The Republican Party will become “The Party of Healthcare!” — Donald J. Trump (@realDonaldTrump) March 26, 2019 Given the GOP’s inability to deliver on that promise over the better part of the past decade, many have remained despondent. After all, health … [Read more...] about Want to Fix Health Insurance? Start With the Tax Code

Lessons from Spain’s Minimum Wage Experiment

July 23, 2019 by Admin

By Paul Boyce The impact of a higher minimum wage will depend on how much it is increased. For example, a new minimum wage of $20 will have a more significant effect than $10. Further, the impact can vary depending on how rapidly it is increased. Increasing the minimum wage to $20 over five years will have less of an impact than an increase in one year. It is because of such … [Read more...] about Lessons from Spain’s Minimum Wage Experiment

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