Economics & Economy

Economics & Economy

What's really happening behind political and business smoke and mirrors.
Minimum wage protest. (Via Flickr)

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The minimum wage may contribute to increases in teenage crime.

Santa in Chicago. (Photo copyright Douglas Rahden.

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WASHINGTON, December 18, 2014 – What a difference a day—and a word—can make. Earlier this week, a 10% stock market correction seemed well underway....

Russia - Putin

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Putin is no match for Adam Smith; the invisible hand has slapped him silly, and now it's formed into a fist. What's next for Russia?

Wile E Coyote.

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WASHINGTON, December 16, 2014 – Last week’s stock market horror show, arguably kicked off by Saudi Arabia’s extreme oil aggression game, continued in Monday...

Evil Santa from the film "Rare Exports."

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WASHINGTON, December 15, 2014 – Although it’s a little chilly, it’s a nice day here in Washington, with temperatures up somewhat and with sunshine...

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The answer to America's problems is already in the Constitution

Photo of a waterfowl drowning in oil

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WASHINGTON, December 12, 2014 – Short column today because we’re still in the grips of this week’s same old, same old. In other words,...

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The hearing on December 9 by Jon Gruber in front of the House Oversight Committee would have been all over the news channels if it wasn’t for Diane Feinstein


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WASHINGTON, December 10, 2014 – Wednesday is a day that will live in infamy, at least for those invested in stocks. As we write...

Flickr photo of Wile E. Coyote art.

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WASHINGTON, December 8, 2014 – After another big drop in the price of Brent and West Texas Intermediate (WTI) crude oil, any stocks even...