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10 Myths About FDR and The Great Depression
Photo by woodleywonderworks 1. Government Spending Ended the Great Depression A commonly held belief is that government spending stimulated the economy and eventually ended the Great Depression. Reality is excessive government spending took badly needed resources from the private sector and spent them on insolvable government programs and jobs that produced no real values. The…

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…

How Sanctions are effecting the Russian Economy
Keith Farrell The downing of Malaysian Airlines flight 17 has raised tensions that seemed to be cooling between Vladimir Putin’s Russia and the West. Western leaders have threatened to levy additional sanctions against the Russian economy as finger pointing over the incident continues. The West has joined together to decide just how to punish Russia,…

Lobbying and the Misconceptions about It
Lobbyist are often decried as the reason for most of what is wrong with our country, government, and society as a whole. They are those lowdown scoundrels of big moneyed influence and corporate cronyism who buy congressmen as easily as one orders Chinese takeout, and who have sinister influence on all matters of policy. The…

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…

Punting to Politicians
Just as reliably as the sun rises and sets, so too with every election are there those who change their positions and defend the new ones tooth and nail over the old ones. No, it’s not the politicians, it’s the people who support them. Despite the fact that it often seems as though it’s always…