It is a perfectly natural assumption – increasing minimum wage will help the poor. Force businesses to pay their lower-skilled laborers more money and those workers will spend more, thereby helping the economy. Right? Well, not exactly. While the self-proclaimed “compassionate” love to feel righteous (while standing on the shoulders of others), one needs to […]
President Barack Obama will announce in tonight’s State of the Union speech an increase in the minimum wage for federal workers on new contracts to $10.10, up from the current level of $7.25. Putting the constitutionality of such a plan aside for a moment, what effect will an increase in the minimum wage have on […]
A Gallup poll released last week revealed good news: Americans’ confidence in the federal government’s ability to handle foreign and domestic problems has reached an all-time low. In both areas, a minority of those polled said that they had either a great deal or fair amount of confidence in Uncle Sam.
“End the Fed” author and Texas Representative Ron Paul will once again face Federal Reserve Chairman Ben Bernanke in front of the House Financial Services committee, but it’ll probably be for the last time. “It’ll be hard to think up anything brand new other than reiterating my concerns over the last 30 years,” he told […]