Editor’s Note: This is part of Liberty Nation’s coverage of the 100-day mark of the Donald J. Trump administration.
Andrew Moran
How Higher Minimum Wage Affects Lower Quality Restaurants
The minimum wage – or as legendary free-market economist Murray Rothbard called it “compulsory unemployment” – will result in more restaurants shutting their doors, says a new study by Harvard University economists entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit.” With labor costs surging, driven by higher minimum wages, a greater number of restaurants will face ruination.
The Sub-Prime Auto Loan Bubble: Trump’s Next Problem
A new debt bubble has formed in the U.S. economy concerning auto loans. As this frightening balloon takes in more air, President Donald Trump may soon find himself in a financial the likes of which his democratic predecessor confronted when he took office in 2009. This news is a bit more than worrisome.
MSNBC Analyst Malcolm Nance Calls For ISIS To Attack Trump Towers
Malcolm Nance, a counterterrorism analyst for MSNBC, deleted a tweet on Wednesday that nominated Trump Towers in Istanbul as the next terrorist target for the Islamic State — and he’s only one of many members of the media who have called for violence against the President.
Calexit Movement Splits, Withdraws Referendum For Secession
It appears the Calexit movement has come across a significant hurdle. The leader of Yes California, a separatist organization that was founded in 2015, announced on Monday that he is withdrawing his petition for a Calexit referendum and is making Russia his new home.
Is Cash Still King? IMF Looks To De-Cash
A senior economist at the International Monetary Fund (IMF) has published a working paper entitled “The Macroeconomics of De-Cashing.” In his twenty-six-page paper, Alexei Kireyev outlines what governments need to do to establish a cashless society and why it helps states to adopt such a world. This is essentially the blueprint for the war on cash, a battle that has certainly escalated in the last two years.
New York’s Free Tuition Program Has Some Caveats
Millions of New York families will now be getting free tuition. The New York State Senate passed a tuition-free college program on Monday, proposed by Governor Andrew Cuomo (D-NY) earlier this year. The problem is, it’ll cost everyone a lot more than they thought — and not just money.
Trump Flip-flops On Several Core Campaign Promises
It certainly appears as though President Donald Trump may be backtracking from some of his key campaign promises.
Is America Trading A Housing Bubble For Student Loans?
For eighteen consecutive years, U.S. student loan debt has risen, and there are no signs of it slowing down.