Accuracy in Media

Megan McArdle at Bloomberg wanted to find out why the state of Utah happens to have the highest income mobility metric in the nation for the likelihood of moving from the lowest quintile of income to the richest: 10.8% (by comparison, Charlotte, North Carolina has the statistic of 4%). She mentioned how most of the legwork […]

More private sector interaction in the economy, combined with state influence, can be a good thing regarding free market economics and governance. The Washington Post attempted to paint a negative picture of free market principles in a recent article about President Trump’s proposed budget cuts to the federal government. Instead of making a case against the free […]

Alex Nitzberg conducts an interview with economist Peter Schiff on the U.S. economy:

The article highlighted the criticism from Hillary Clinton of Donald Trump’s economic plan, which Clinton called “regurgitated trickle-down economics of the typical Republican, but worse.” Yet, CBS News did not report how ‘Reaganomics’, as Ronald Reagan’s economic trickle-down theory was nicknamed, actually worked and led to an economic recovery from the Jimmy Carter years.

Say hello to the rise of the automated machines at fast-food restaurants: Minimum wage increases are set to go into effect in 15 localities on Friday. Minimum wage increases will go into effect in 15 cities in California, Kentucky, Maryland, Oregon, and Illinois, as well as the District of Columbia. Those increases threaten to curb hiring […]

All thanks to Obama? The middle class, once the engine driving the American Dream, is shrinking rapidly due to decreasing incomes, and “may no longer be the economic majority in the U.S.,” according to the Pew Research Center. In a report released late Wednesday, Pew found that middle income Americans are decreasing in 203 of […]

Rick Scott is trying to lure California-based businesses to relocate to Florida, where there is no $15-an-hour minimum wage law. Photo by Fibonacci Blue

On economic issues, Krugman believes that Trump’s protectionism won’t destroy jobs when compared to Cruz’s proposals. Photo by visionshare

The Federalist did a great interview with the noted economist, which can be read HERE.

WASHINGTON — Three U.S. scientists ended up winning the 2013 economic Nobel Prize this week for their research, which focused on forecasting the prices of long term assets. Reuters reported that this area of research, which became an important topic to some after the 2008 U.S. housing market collapse ended up causing a global financial […]