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No, Fewer Turnovers Won’t Prevent Minimum Wage Layoffs

 
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No, Fewer Turnovers Won’t Prevent Minimum Wage Layoffs

By: Colin Combs On July 5th, Jared Bernstein wrote for the Washington Post that “No, raising the minimum wage doesn’t lead to layoffs”. He then proceeded to immediately contradict that statement by moving his goalpost over to saying that minimum wage layoffs are only “moderate”. The rest of the article can be summed up by […]


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Export Ban Marginally Decreased

By: Colin Combs Recently, the U.S. Department of Commerce’s Bureau of Industry and Security expanded its definition for acceptable forms of shale oil to be sold abroad to include a form of ultra-light oil known as “condensate”, which has gone through a “stabilization” process in a distillation tower to strip it of lighter gases, making […]


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The Concept of Inflation

By: Colin Combs With recent data showing a sharp rise in consumer prices for the month of May, there has been a lot of discussion on price inflation over the past week, in spite of Janet Yellen’s attempt to dismiss this inflation as merely being “noisy.” Some talk about balancing “Good Inflation” against “Bad Inflation”, […]


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Bang for the Buck

By: Colin Combs Last Friday, economics professor Tyler Cowen wrote in the New York Times that “the lack of major wars may be hurting economic growth”. This isn’t the usual Keynesian argument of how war supposedly helps the economy by “boosting spending”, as if the problems of the economy come from consumers not aligning to […]


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The Unseen of Student Loan Forgiveness

By: Colin Combs On Monday, President Obama signed an executive action to cap student loan payments at 10 percent of their monthly income until December 2015. This is continuing the trend of the government attempts at lifting “the burden of crushing student loan debt.” This is yet another situation where the problems created by government […]


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