Capital and Labor Both Suffer under Minimum Wage Mandates
Biden and the Democratic Party have pushed hard to more than double the national minimum wage from $7.25 per hour to $15 per hour over the next four years. This…
Millions of Americans not eligible to receive stimulus checks
UPDATED 5:30 PM PT – Monday, March 8, 2021 As Congress looks to finalize passing the nearly $2 trillion COVID relief package, questions surround who exactly will be receiving a…
Yellen: Passage of COVID relief bill will get labor market back on track despite inflation fears
UPDATED 12:45 PM PT – Monday, March 8, 2021 Treasury Secretary Janet Yellen is banking on the COVID relief bill to get the country back on track, while downplaying concerns…
To Understand Economics, First Understand Private Property
In Man, Economy, and State, Murray Rothbard expounds the principles of economics by reconstructing an economy from the ground up. Following the practice of classical economists, he opens the book…
The V-Shaped Recovery Never Happened
In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000, month-over-month which was above the expected increase…
The Fed’s Money Supply Measures: The Good News—and the Really, Really Bad News
Last week the Fed announced that, retroactive to May 2020, its M1 money stock measure would include savings deposits, which were reclassified as transaction accounts similar to other deposit components…
Fmr. Trump adviser optimistic about the economy as it reopens
UPDATED 11:28 AM PT – Sunday, March 7, 2021 Stephen Moore, former economic adviser to President Trump, said the U.S. just had a “blowout jobs report.” In an interview on…
17M Americans ineligible for stimulus payments, reduced payment amount and narrowed cutoff leaves critics fuming
UPDATED 8:00 PM PT – Saturday, March 6, 2021 After the COVID relief package passed in the upper chamber, critics pointed out how many Americans will actually miss out on…
Robinhood Moves Toward IPO Despite GameStop Controversy
Robinhood Moves Toward IPO Despite GameStop Controversy Noam Galai /Getty Lucas Nolan 6 Mar 2021 Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year,…
Senate Passes Partisan $1.9 Trillion Coronavirus Package
Senate Passes Partisan $1.9 Trillion Coronavirus Package 389 AP Photo/J. Scott Applewhite Wendell Husebo 6 Mar 2021 The $1.9 trillion coronavirus package, which includes $1,400 stimulus payments and $350 billion…