Thu, 29 June 2017
The Seattle $15 minimum wage disaster should surprise no one with a basic understanding of economics. (The government can’t legislate prosperity)
A new study from the University of Washington has shown that Seattle’s new $15 minimum wage is actually hurting those low skilled workers that it was intended to help! It’s amazing how people are still shocked by things like this but I guess maybe it shouldn’t be, since the average person out there is economically illiterate! Many of the so called “experts” out there are also economically illiterate!
Wed, 21 June 2017
Cutting taxes and still growing the size of government isn’t the answer! We need to actually cut the size of government!
With the republicans in charge on Capitol hill, it seems we might just get some tax reform. Many republicans seem to think that if we can just cut taxes we can get the economy booming and the debt problem we have right now will be no more. This view sounds all well and good but if republicans are really thinking cutting taxes and at the same time growing the size of government will make things better, they are delusional! All government spending is taxation so therefore we need to cut the size of government in a meaningful way! That’s the only way out of this mess!
Tue, 13 June 2017
69% of Americans admit to having less than $1000 in the bank! Is this partly the result of the payment mentality?
69% of Americans admit to have less than a $1000 in the bank! Why is this? Even the retirees out there die broke. 46% of retirees die with less than $10,000 in the bank. That’s not much money when you’re not bringing in income and are relying on savings! There’s no question there’s a lot of factors that have led to the average American being broke and the payment mentality is certainly one of the many contributing factors. In the last 17 years we have seen a 4% rise in median wages and an 89% increase in home prices. So the purchasing power of our wages has gone down so the average American is poorer today! This is the result of government spending hitting record levels! The governments spends money at the detriment to the average American.
Tue, 6 June 2017
Regardless of party, when will people realize that just adding another government program or regulation is not the answer!
Jared Bernstein, from his new piece at the New York Times discusses what the lefts agenda should be. He makes the case that progressives must remain in waiting and be ready when it’s time to act but always be fighting. All of the agenda items he wants to see calls for more government programs, more regulations, more subsidies for the poor and he thinks this will make life better for the averages American! Has he learned nothing from LBJ’s great society in the 1960’s. This is why we free market types need to continue to learn more as much as we can and become more effective communicators because the fight will continue to go on.
Direct download: jmsEp144-The_destructive_economic_policies_of_the_left.mp3
Category:Business, News & Politics, Education -- posted at: 3:55pm MST