Economic Politics articles

Minimum wage or more of this? (Public domain photo)

6 myths about how minimum wage hurts job growth

6 myths about how minimum wage hurts job growth

WASHINGTON, October 24, 2014 — Despite recent Gallup Poll data showing Americans are concerned with the economy, government performance, and jobs, the 2014 Midterm Elections have not been defined by these issues. One of the few economic solutions put forward is raising the minimum wage.  Although legislative efforts to increase minimum wage are normally associated with Democrats, the

The 1,534Mw Sandow Station coal-fired electric power plant in Rockdale, Texas:. Credit/Steve Davidson

No need for EPA’s Clean Power Plan

AUSTIN, October 21, 2014 — According to a government report released today, despite a 2.5 percent increase in U.S. carbon dioxide emissions in 2013, the United States is on track to achieve the Obama Administration’s goal of reducing emissions 30 percent below 2005 levels by 2030, without approving the EPA’s controversial Clean Power Plan. The annual

U.S. Federal Reserve's DC HQ. (Via Wikipedia)

The stock market, QE and the psychology of asset bubbles

WASHINGTON, October 16, 2014 — Has the stock market’s Day of Reckoning arrived? The occasional dips in the mild amusement park ride of the Dow’s climb from 7,000 to 17,000 have not had any effect on investors until now. The reason was that the big money — the institutional investors — followed the Federal Reserve’s interventions

Emirates Air

Moral hazard at the Export Import Bank: Private gain vs. social risk

WASHINGTON, September 30, 2014 — Neal Asbury writes in Money News that Congress’s reauthorization of the Export-Import Bank is a good move. His chief argument in favor of the Ex-Im Bank: This is needed because private American financial institutions will not collateralize foreign receivables or inventory. Without this, legions of small businesses and entrepreneurs that

Marx / Photo: Holger Wirth, used under Flickr Creative Commons license

Vote to save the American way of life, whatever that means

WASHINGTON, September 25, 2014 — Conservatives claim that liberal “socialist” policies are the greatest threat to the American way of life. From the perspective of liberals, strict capitalist policies backed by conservatives are the greatest threat to the American way of life. In reality, the capitalism versus socialism debate is a distraction that clouds the