The newest calls to raise the minimum wage in NYC to $11/hour are a frustrating reminder that the city’s own Comptroller, Scott Stringer, has a total lack of understanding about how economics work. Scott Stringer makes the argument that raising the minimum wage to $11/hour … [Read more...] about The NYC Comptroller Doesn’t Understand How Basic Economics Work
Archives for February 2014
What is Wall Street, anyway? I would be willing to bet that 90% of the protesters from Occupy Wall Street and of self-styled liberals have absolutely no idea what Wall Street is, what it does, and how important it is. If not for Wall Street, there wouldn’t be any Main … [Read more...] about What is Wall Street, Anyway?
It is really obvious to see that Ben Bernanke was not an independent Fed Chair, but just a lackey for President Obama. Though his responsibility was monetary policy, he was often asked why - despite the most stimulative monetary policy possible - the economy has shown the worst … [Read more...] about Ben Bernanke Was a Lackey
The new pre-school plan presented by Mayor de Blasio reveals just how politically disingenuous he really is. In his effort to push the progressive agenda he put forth during his campaign, de Blasio has vowed to have universal pre-school in New York State to be paid for only … [Read more...] about De Blasio and the Universal Preschool Fallacy
AEI posted two fantastic cartoons by Henry Payne, which demonstrates well how illogical minimum wage law really is. Click on the link to see the cartoons (reprinted at AEI with the author's permission) … [Read more...] about Quickly Noted: The Two Best Minimum Wage Cartoons