A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
unemployment
Joe Biden Is Lying About the Jobs Numbers
by Ryan McMaken | Jan 11, 2023 | Economics, Featured Articles
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things...
Can Wage Transparency Fix the Pay Gap?
by Walter E. Block | Jan 4, 2023 | Economics, Featured Articles
Will wage transparency reduce or eliminate the pay gap between men and women? Yes and no. Let’s take the no side first. Wage transparency will not reduce or eliminate this pay gap because it emanates from real differences in productivity (actually discounted marginal...
Where Have All the Working Men Gone?
by Ryan McMaken | Dec 29, 2022 | Economics, Featured Articles
Last week, CNN featured a story called "Men are dropping out of the workforce. Here's why" The article went on to tell us virtually nothing at all about why so many men are leaving the workforce. Although as many as seven million men have stayed out of the workforce...
Fake News Exposed: Inflation, Iran, College, America First, and Poland
by The Libertarian Institute | Nov 18, 2022 | Blog, Economics, Politics
https://youtu.be/OVmAJhnGxLU What Makes Wages Rise The buyers do not pay for the toil and trouble the worker took nor for the length of time he spent in working. They pay for the products. The better the tools are which the worker uses in his job, the more he can...
‘Strong as Hell’ Economy is a Mirage of Math
by Tom Luongo | Oct 26, 2022 | Economics, Featured Articles
“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to...
Don’t Celebrate Labor Day If You Advocate Regulating Laborers
by Bryan Caplan | Sep 5, 2022 | Featured Articles
My 13-year-old homeschooled sons just finished my labor economics class. I hope they take many more economics classes, but I’ll be perfectly satisfied with their grasp of economics as long as they internalize what they learned this semester. Why? Because...
Inflation Hits 40-Year High at 9.1%
by Ryan McMaken | Jul 14, 2022 | Economics, Featured Articles
The U.S. Bureau of Labor statistics released new Consumer Price Index inflation estimates this morning, and the official numbers for June 2022 show that price inflation has risen to 9.1 percent year over year. That's the biggest number since November 1981, when the...
Not a ‘Soft Landing,’ But a Crash
by Daniel Lacalle | Jun 20, 2022 | Economics, Featured Articles
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing”...
The Fed’s Rate Hike Is a Shot in the Dark
by Ryan McMaken | Jun 16, 2022 | Economics, Featured Articles
The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has raised rates....
For 12 Years and Tens of Thousands of Dollars, Is Schooling Worth It?
by George Leef | Apr 23, 2022 | Featured Articles
The Case against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan (Princeton University Press, 2018, 395 pages). Almost every book on education policy (and I have read a great many of them) springs from the set of assumptions that...
Caution or Catastrophe: Public Health’s COVID Response
by Stark Realities with Brian McGlinchey | Feb 23, 2022 | Featured Articles
Throughout the COVID-19 pandemic, proponents of lockdowns, shelter-in-place orders, mask mandates and other coercive government interventions have characterized these measures as benevolently “erring on the side of caution.” Now, as the grim toll of those public...
The Real ‘National Emergency’ in Canada is Trudeau
by Lee Friday | Feb 17, 2022 | Featured Articles
On February 14, Justin Trudeau invoked emergency powers to crack down on the peaceful truckers' protest in Ottawa. The Emergencies Act became law in 1988, and it has never been used until now. The act contains “a specific definition of “national emergency” that makes...
Price Inflation Hits 40 Year High; What Comes Next?
by Ryan McMaken | Jan 14, 2022 | Economics, Featured Articles
According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multidecade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index for December, year-over-year...
Blog
Reminder: Volodymyr Zelenskyy Almost Started a World War Based on a Lie
On November 15th, the Associated Press reported that "A senior U.S. intelligence official says Russian missiles crossed into NATO member Poland, killing two people". Since Poland is a member of the North American Treaty Organization, that would mean that America along...
Christopher Hitchens Lied About the Cause of Terrorism
"The suicide murder community is almost perfectly faith based." - Christopher Hitchens On Real Time With Bill Maher, Hitchens claims that because an Islamist in the 1800's used the Koran to justify atrocities, it means that today the issue with Al-Qaeda is due to the...
War is a Euphemism for Mass Murder
To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest crime — waging war on another...
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
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