Among the hotly contested list of Joe Biden’s promises is an increase of the federal minimum wage to $15 an hour. There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and...
US News The House votes to impeach Trump. [Link] Thousands of people in Missouri were overpaid state unemployment benefits. The state is now asking for the money to be repaid. [Link] Eddie Lee Howard was freed after spending 26 years on death row. Howard was...
Scott talks to Bob Murphy about the economic side of all the covid policies this past year. Most obvious are the huge spending bills, which dwarf even the stimulus measures taken after the 2008 recession. Murphy reminds us that this kind of rampant spending really...
Wyoming is leading the country in creating an innovative blockchain legal framework. Caitlin Long (follow her on twitter) has been a leader in this effort but not the only one - this year Cynthia Lummis was elected to the senate from Wyoming. She is a strong advocate...
On COI #50, Kyle breaks down the $2.4 trillion dollar spending bill passed by both houses of Congress. Many of our Representatives are pitching the $600 check each American will receive as a huge boon for us. However, the bill gives billions to foreign countries while...
US News The new Covid bailout bill will authorize $900 billion in spending. Each American will get a small $600 check, however, the major bailouts go to those well connected in DC. The bill authorizes the Smithsonian to build two new museums, a presidential library,...
Inflation as a weapon of war. According to local economists who spoke to MintPress, the reasons behind the collapse of Yemen’s economy and its currency are many and varied but the expansionary monetary policy that has been taken by Saudi Arabia is one of the key...
On COI#39, Kyle talks about Biden's picks for Secretary of Defense and State. For State, Biden selected long-time aid Antony Blinken. Blinken is a career hawk who has supported wars in Iraq, Syria, Yemen, and Libya. Blinken may help push the US back into the JCPOA and...
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