Economy

The Death of Cash as a Vehicle for Saving

The nation’s supply of financial capital consists largely of the flow of savings from American households. However, in today’s monetary environment, savers are pressed — they might as well put their d…

Why the "Rich" Can Get Richer Faster than the "Poor"

President Barack Obama has tagged the growing inequality of income over the past three or four decades as “the defining challenge of our time,” an often-repeated claim recently echoed by economist Tho…

Liberating the Poor from Poverty

Poverty has exploded to record levels under President Obama.

Why Are There So Few Job Losses from Minimum-Wage Hikes?

Both proponents and opponents of federal minimum-wage hikes are convinced that if Congress raises the minimum wage (whether to $9 or $10.10 or $15 an hour) the welfare of tens of millions of low-incom…

Commodity Prices Follow Gold — A Leading Indicator of Inflation

Market analysts usually attribute changes in the prices of commodities — uniform, widely traded goods, such as metals — to higher or lower demand in major world economies, such as the United States an…

Most of the Benefits of a Minimum Wage Increase Would Not Go to Poor Households

Most people who earn the minimum wage or slightly more are the only earners in their households and, therefore, are poor, right? And so, if the federal government or state governments raise the minimu…

How Differences in the Cost of Living Affect Low-Income Families

In the United States, eligibility for government social benefits is based mainly on an absolute measure of poverty - the federal poverty level - which is an income threshold that varies by family size…

The High Cost of a Cheap Dollar

The United States and other countries intermittently or persistently pursue currency depreciation - to the point that the phrase "currency wars" is now part of many nations' vocabularies. Switzerland…