By Guy Bentley Uber’s lowest cost service has massively expanded access to cheap transport for low-income New Yorkers and serves people living outside the wealthy center far more than the city’s yellow taxi cartel, according to a new study. The Manhattan Institute study shows that while all UberX rides equated to only five percent of…
By Connor D. Wolf Franchisees argued in an appeals court Tuesday that the Seattle $15 minimum wage doesn’t just disproportionately hurt their businesses, it was designed to be that way. Seattle led the way in implementing a $15 minimum wage back in June of 2014. To help mitigate the potential for economic harm, the increase…
By Connor D. Wolf Walmart executives have reportedly been encouraging some stores to cut hours just months after announcing wages would be raised for 500,000 workers. Store officials, though, say that is not what is behind the move to cut hours. Economist often argue that raising the minimum wage will result in less employment opportunities and reduced…
July Points Out How Minimum Wage Hurts Workers by Josh Guckert In a video from July entitled “Young People, The Silly Minimum Wage Debate, & Basic Economics,” rapper Eric July unloads on the minimum wage. July states that one is not paid for their “personal life,” but rather for the “value in the position.” He goes…
By Jason Pye Former Congressman Ron Paul (R-Texas) made the Federal Reserve a centerpiece of his legislative agenda and presidential campaigns in 2008 and 2012. “Audit the Fed” was not only a bill introduced in Congress, though it’s actual title was the Federal Reserve Transparency Act, it becamea political movement that conservatives, libertarians, and even…
Professor Lawrence White, an economist from George Mason University, joins the Freedom Report podcast today to discuss free market monetary policy. At the Jackson Hole Summit, White and a group of rebel economists gathered to discuss the topic of whether or not central banks are the problem or the solution to America’s financial woes. Professor…
By Guy Bentley A band of entrepreneurs and tech developers is giving fresh hope to New York City’s struggling yellow and green taxis with a new app called Arro to rival Uber. The new app will connect riders with taxis and could help the ailing industry stage a comeback, providing even more intense competition in a burgeoning marketplace….
Libertarian “Bilderbergs” Gathering To Blast Central Planners JACKSON HOLE, WY – A conference of rebel economists are set to gather in Jackson Hole, Wyoming this weekend to poke holes in the mainstream consensus of American monetary policy. While the US stock market is currently undergoing a roller coaster ride of downs and ups, a symposium of…
By Guy Bentley Uber’s aim to expand its business beyond ride-sharing was given a boost Tuesday as the company launched its food delivery service UberEATS in Washington D.C. D.C. will join seven U.S. cities where Uber customers can use the ridesharing app to have some of their favorite lunchtime meals delivered in just 10 minutes. The three outlets that will…
By Guy Bentley Billionaire investor Mark Cuban has delivered some sage advice to stock holders during a day of turbulence in global markets and on Wall Street. In short: Do less. “If you don’t know what you’re doing, or you think you do but you can’t afford to lose your stake holdings, do nothing,” said Cuban. He…