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10 Right Wing Economic Misconceptions
Immigration What the Right believes: Immigrants take away American jobs. Illegal immigrants suppress wages of American workers. Illegals suck up our social welfare dollars and are a drain on our economy. The Truth is: Immigration is beneficial to the economy, and our economy is dependent on the labor of illegal immigrants. Due to their cheap…

10 Steps to Fix the US Budget
1. Liquidate Unused Property The Federal Government owns more than 77,000 buildings which are currently not being used. Some of them have even been condemned. These properties should be sold at auction or simply bulldozed if they are unsuitable for sale. Basic upkeep on these buildings is costing US taxpayers. Annual Savings to the US…

The Case for Competing Currencies
Almost forty years ago the economist Friedrich Hayek wrote a book entitled Denationalisation of Money-The Argument Refined: An Analysis of the Theory and Practice of Concurrent Currencies. Its thesis was that money and monetary order would be better provided by the private sector; instead of a central bank issuing a national currency, Hayek advocated a…

Is the federal minimum wage really “the third-lowest” of developed nations?
Congressman David Cicilline (D-RI) has been a vocal proponent of raising the minimum wage. He claims the US’s federal minimum wage is “the third-lowest minimum wage of the countries in the OECD.” At first look, he appears correct, but there is more to it. When adjusting for purchasing power parity, the United States federal minimum…

Just what is Capitalism?
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…

10 Facts about World Poverty That Will Shock You
Many people will be shocked by these facts about world poverty…. Photo by Bob Jagendorf 1. World poverty has been cut in half In the past twenty years the world’s acute poverty rate has been slashed in half! Measuring poverty is based on daily consumption, not income. In 1990, 43% of the world lived in…