Burton Folsom Jr. provides a telling history of Franklin D. Roosevelt’s administration during the Great Depression, returning a sense of accuracy to the story. The president’s New Deal concluded in continued plight and poverty for the average American, while foreign countries were already pulling out of their own economic quagmires. Despite these failures, today’s leaders promise the same.
Posts Tagged ‘poverty’
Minimum Wage Welfare
The minimum wage has not guaranteed the same standard of living throughout the ages. Compared to employees in 1956 and even the 1970s, minimum wage earners make less today. The problem is not that there is too little welfare, it’s that there is too much welfare. The government is running the printing press to afford it, and it is inflating the dollar.
The Green Economics of the Carbon Tax
World governments mean to impose on local and foreign goods taxes in order to punish them for high emission of so-called greenhouse gasses. These taxes fail to take into consideration the possibility that their ecological theories are wrong, but more importantly they do not guarantee a decrease in the production of these greenhouse gasses. They only guarantee more widespread poverty.
Why Capitalism Has Failed in the Third World
Hernando de Soto presents the solution to solving poverty in the Third World. The answer lies in private property rights, which he shows are virtually non-existent in countries suffering from severe economic woes.
Why Not Legalize Theft?
Obama’s universal health care proposal only benefits the few in the expense of the majority. And, ultimately, even those few that benefit from the system will be negatively effected by the inevitable drop in productivity that will come as a result of an increase in taxes.
Zionism’s Losing Battle
Zionism is doomed to failure, and the only Middle East peace solution is a dissolution of government and the return of economic and social freedoms to both the Jews and the Arabs.
Out of Work: Lessons for Europe
The world is facing spiraling unemployment: especially Europe and the United States. According to the Economist, unemployment in the United Kingdom rose to 7.6% up to May 2009. Spain’s labor force is facing 17.4% unemployment. The Ecounemployment in eu and usnomist suggests that those unemployed are shifting the blame to foreign workers, who are willing to work for lower wages (and may have more experience), but then says that a more realistic scenario is that the increase in unemployment is due to an increase in the minimum wage.
The Depression is Not Over
On Friday, 17 July, MSNBC reported that the “recession is slowing” in twenty-three major urban centers throughout the United States. They equate a slowing recession with a “bottoming out” economy. These trends show that early signs of recovery, or more accurately “bottoming out” (recovery begins only after the markets have cleared), can be deceiving. The United States’ economy is still clearing, and it has a long ways to go.
