This page contains a calculator which can be used to design a guaranteed basic income or a negative income tax in the United States, using hard Census data and spending data from the Congressional Budget Office. In its basic form, the tool only requires two inputs to calculate the costs of various forms of a […]
On this page is a daily inflation calculator for the United States. It uses Consumer Price Index data from the BLS from 1913 until the present day, and interpolates or extrapolates to give daily estimates. You can enter a starting amount and we’ll estimate how much it would take on the ending date to match […]
“Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour.” – President Barack Obama, State of the Union Address, February 13, 2013 No matter how big the stage you’re standing on when you make […]
Setting aside my esteemed co-writer’s obsession with hypermiling (not practicing, mind you, joking about), there really is no such thing as a free lunch – especially when it comes to fuel economy. The Government, however, as demonstrated by recently finalized mileage laws, wants their lunch on the house.
As the saying goes, “you can’t legislate innovation”, and fuel economy standards give car manufacturers very interesting incentives.
You don’t have to watch television for long to discover that the United States has a ‘historical’ balance of trade problem. Plenty of causes are given for the United States’ “decline in competitiveness”, like a skill drain, increased educational opportunities elsewhere, the ratification of NAFTA in 1994, outsourcing, and various other bogeymen that politicians on both sides of the aisle like to trot out. However, the fact remains that there has been a trade deficit between our country and various other countries recently. As Milton Friedman said, a sustained trade deficit is the best possible outcome…. we get physical goods like cars, flash memory, oil, computers, toys, and all sorts of other goods for cheaply produced ‘paper’ known as currency.
A classic quote on government regulation by the Nobel prize winning economist Milton Friedman.
A collection of carnivals and links from the week of September 28.
Next month, the minimum wage in America is going to raise from $6.55 an hour to $7.25 an hour. The $6.55 to $7.25 jump is the last of the increases to the minimum wage under the Fair Minimum Wage Act of 2007. The minimum wage is a sexy law; politicians can stand hand in hand with the lowest income workers and say, “I’m fighting for you!”. Unfortunately, the low income workers are holding the hands that hold them down.