AUSTRIAN ECONOMICS ADDICT

The pen is mightier than the sword… (Photo credit: mbshane)

Fast-Food Workers Plan Strikes In 100 Cities This Week, at economicpolicyjournal.com. Unions are trying to increase their membership by preying on the economic ignorance of young people, promising them a minimum wage of $15 dollars an hour. Minimum wages laws don’t work! Read here.

One Of These Is The “Real” Economy, at zerohedge.com. The Fed’s counterfeit money is creating a bubble in the stock market, and  misallocating  scarce resources in the private sector.

Obama Doesn’t Understand Income Inequality Either, by Michael S. Rozeff, at economicpolicyjournal.com. Incomes are unequal because individuals are unequal, it’s that simple. Individuals have different skill sets, work ethic, and desires. Lebron James and I have different incomes because people value his skill set higher than mine as evidenced by the fact that they will voluntarily pay him more to perform his skill than they will pay me to perform my skill.

Cartoon Of The Day: People vs. Government, at aei-ideas.org. This cartoon says it all.

Clueless Krugman Speaks Out Of Both Sides Of His Mouth, by Chris Rossini, at economicpolicyjournal.com. Krugman laments the idea that the poor and middle class are finding it harder to move up the economic ladder while at the same time cutting their chance to climb the ladder by proposing raising the minimum wage.

San Francisco Considers Banning Butterfly Releases, at economicpolicyjournal.com. Why do we even consider stupidity like this.

Obama’s Plan To Snatch Your Savings, by Jeffery Folks, at americanthinker.com. Government bureaucrats have their eyes on your retirement accounts. Where ever there’s a pile of money, bureaucrats will try to figure a way to get their hands on it. They will pass a law to make their theft legal.

Confiscation Begins In NYC: “Immediately Surrender Rifle and/or Shotgun, by Tammy Bruce, at tammybruce.com. Nothing more to  say.

This entry was posted on December 7, 2013 at 2:05 am and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Barack Obama, Economic inequality, Government Theft, Gun Confiscation, Minimum wage, Stock Market Bubble