John Maynard Keynes is, together with Milton Friedman, the most influential economist of the 20th century. His most acclaimed work, The General Theory of Employment, Interest and Money, contributed to the paradigm shift that took place in the economics profession in the mid-1930s. He’s also the most quoted economist among non-economists, who more often than not misrepresent…
The U.S.S.R., China, Cuba, Venezuela, North Korea, Nazi Germany. These are just a few of the big names on the endless list of Socialist/Communist failures. If I were to list every example that comes to mind, you would be reading an article full of nothing more than an exhaustive list of the failures of Collectivism…
Evie Fordham Federal workers will not lose their holiday paychecks even if Congress remains in gridlock over a budget deal and triggers a partial government shutdown, according to the Office of Management and Budget (OMB). Federal employees will receive checks for the Dec. 9 to 22 biweekly pay period on time, no matter what happens…
In a move that might possibly be enshrined in the halls of “The Worst Ideas Ever Put Forth By Government,” California’s Public Utilities Commission has put forward a proposal for a new tax on cell phone text messages. This tax would ostensibly be used to help pay for programs that provide free cell phones and…
Evie Fordham The difficulties some members of Congress have affording housing are again front and center because of Nov. 8 comments from Democratic New York Rep.-elect Alexandria Ocasio-Cortez about making rent. Her comments about “squirreling away” money until she starts receiving her congressional salary of $174,000 in January re-ignited debate on the issue that has included proposals…
Evie Fordham Shoppers love Black Friday because they can save money and get an early start on Christmas gift shopping — but not all Black Friday deals are created equal. The average item markdowns at popular stores vary from less than 20 percent to nearly 70 percent, according to a WalletHub survey published Friday detailing what stores…
Molly Prince Democratic socialist and Rep.-elect Alexandria Ocasio-Cortez of New York announced Thursday that issues like finding an apartment in Washington, D.C., before receiving her congressional salary are “very real.” “I have three months without a salary before I’m a member of Congress, so how do I get an apartment?” Ocasio-Cortez said to The New York…
Neetu Chandak A colleague is coming to a California teacher’s defense who was arrested Friday for punching a student seen in a video. Maywood Academy High School music teacher Marston Riley was caught on video beating a student as a woman in a yellow vest tried to intervene. The teacher was arrested Friday and held on…
Tim Pearce The U.S. economy added 250,000 jobs through the month of October and the unemployment rate held steady at 3.7 percent — a symbol of the historically tight labor market — according to Department of Labor (DOL) data released Friday. Wage growth topped 3 percent growth over the past year for the first time in nearly…
Kevin Daley Supreme Court Justice Brett Kavanaugh will not accept a $600,000 award from a GoFundMe page established to support him as he faced allegations of sexual misconduct from several women. Conservative blogger Josh Hawkins, who launched the GoFundMe effort on Sept. 24, received a statement from former Kavanaugh law clerk Travis Lenkner indicating that…