The Racist History of Minimum Wage Laws

I remember reading Friedman’s column in 1996 when I was an undergraduate.  Began my journey to become an advocate of a laissez faire economy.  

“In 1966, Milton Friedman wrote an op-ed for Newsweek entitled ‘Minimum Wage Rates.’ In it, he argued ‘that the minimum-wage law is the most anti-Negro law on our statute books.’ He…”

Source: The Racist History of Minimum Wage Laws

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Remember the Housing Bubble of 2008?

Source: Remember the Housing Bubble of 2008?

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Gold Resolves Some Bearish Divergences – Free Weekly Technical Analysis Chart – McClellan Financial

New gold bull market? 

Source: Gold Resolves Some Bearish Divergences – Free Weekly Technical Analysis Chart – McClellan Financial

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IMF Issues “Discussion Paper” on a Cashless Society

The noose tightens on our economic freedom and privacy.  

Source: EconomicPolicyJournal.com: IMF Issues “Discussion Paper” on a Cashless Society

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Bad intelligence: Donald Trump attacked Syria based on a report full of holes | Mulshine

“Donald Trump campaigned as the candidate who wasn’t going to get involved in the Syria situation; instead he adopted Hillary Clinton’s pro-intervention position based on a report that a top scientist says was full of holes.”

Source: Bad intelligence: Donald Trump attacked Syria based on a report full of holes | Mulshine

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Frédéric Bastiat Is Right (Again)

“French economist Frédéric Bastiat was a man far ahead of his time.”

Source: Frédéric Bastiat Is Right (Again)

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Sabbatical Day 87

Yesterday began editing chapter one.  Finished today and some additional content needed.  Began reviewing the material for chapter 2, the Greenspan years at the Fed.

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104 Years of the Income Tax: Then and Now

“As Americans finish yet another tax filing season, let’s take a look at the 104-year history of the income tax: In 1913 the top marginal income tax bracket was 7% — today it is 39.6%.   In 1913 the marginal income tax bracket range was 1% – 7%. Today the range is 10% – 39.6%.   In 1913 there were 400 pages in the tax code. Today there are 74,608 pages in the code.   In 1913 the family standard deduction was $98,425.45 in today’s dollars.”

Source: 104 Years of the Income Tax: Then and Now

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Assange Responds To CIA Director That “Produced al-Qaeda, ISIS, Iraq, Iran & Pinochet”

“Called a “non-state intelligence service” today by the “state non-intelligence agency” which produced al-Qaeda, ISIS, Iraq, Iran & Pinochet.”

Source: Assange Responds To CIA Director That “Produced al-Qaeda, ISIS, Iraq, Iran & Pinochet”

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UK & Germans Did Intercept Trump’s Phone Calls with Russia | Armstrong Economics

Source: UK & Germans Did Intercept Trump’s Phone Calls with Russia | Armstrong Economics

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Politics, Power, and Preventive ActionHow Many Bombs Did the United States Drop in 2016?

Source: Politics, Power, and Preventive ActionHow Many Bombs Did the United States Drop in 2016?

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CNN Confirms – Judge Napolitano was Right – Brits Gathered Info on Trump then Gave it to Obama ⋆ The Constitution

“If CNN has the story right, this would be HUGE news, and it would be particularly satisfying for Judge Andrew Napolitano.”

Source: CNN Confirms – Judge Napolitano was Right – Brits Gathered Info on Trump then Gave it to Obama ⋆ The Constitution

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GOLD IS PROTECTION AGAINST DAMNED LIES AND WAR 

Source: GOLD IS PROTECTION AGAINST DAMNED LIES AND WAR | Matterhorn – GoldSwitzerland | Matterhorn – GoldSwitzerland

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The bullish market trend since the election may be over, according to this simple chart indicator

“The S&P 500’s close below its 50-day moving average could signify further weakness over the next few weeks, even months, history shows.”

Source: The bullish market trend since the election may be over, according to this simple chart indicator

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Taxation is Theft

“With a tax code that exceeds 72,000 pages in length and consumes more than six billion person hours per year to determine taxpayers’ taxable income, with an IRS that has become a feared law unto itself, and with a government that continues to extract more wealth from every taxpaying American…”

Source: Taxation is Theft

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