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    Minimum Wage Reality in America

    Economist Walter Williams knows that minimum wage laws are hurting poor, African-American teenagers and his new book, “Race and Economics: How Much Can Be Blamed on Discrimination?”, attempts to dispel the myth that higher minimum wage laws help. Simple economics recognizes that if the price of labor increases, employer demand … More

    Morning Bell: It's Just Lipstick on a Pig, Mr. President

    Despite the good news this week about Osama bin Laden’s demise, all is not rosy for President Barack Obama — at least in the eyes of the American people. The approval of his handling of the economy hit an all-time low with only 34 percent of Americans giving him a … More

    VIDEO: Hayek vs. Keynes Rap Battle Royale

    It’s not Eminem or Dre, not East Coast or West. It’s economists Hayek and Keynes, and Congress can’t decide who gets it best. They’re battling it out on the mean streets of DC, to see who can fix the economy…. Sometimes, the best way to get a point across is … More

    Morning Bell: Is the Age of America Coming to An End?

    A dire prediction hit the news yesterday: A date has been set for the end of the “Age of America,” — i.e., when China’s economy will overtake the United States. The news comes by way of an International Monetary Fund (IMF) forecast that shows China’s economy surpassing America’s by 2016. Though there … More

    America Outmatches China Economically (For Now)

    China announced its economic results for the first quarter this morning. GDP was said to grow a strong 9.7 percent, while consumer inflation reached a worrisome 5 percent. Frankly, most Americans shouldn’t care that much. China’s economic importance is being overstated now, and even its considerable economic potential is sometimes … More

    Young Arabs Agree: Economic Freedom Necessary for Prosperity

    A study released Thursday shows that young people in the Arab world overwhelmingly want greater economic freedom and opportunity, and that conditions prior to the current uprisings left them “crying out for change.” Gallup conducted the large poll before the current unrest began, providing a unique, retrospective look at conditions … More

    VIDEO: IHOP Owner Fears Obamacare's Impact on Jobs and Economy

    TERRE HAUTE, Ind. — In 2006, when Indiana small-business owner Scott Womack purchased a development agreement to expand his IHOP franchise into Ohio, he had no idea Congress would pass a massive overhaul of the health care system four years later. Today, one year after that legislative overhaul became law, … More

    Stalled Energy Projects Harm Economy

    Since the Gulf oil spill nearly a year ago, the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement has issued just one deepwater drilling permit — but oil rig owners aren’t alone when it comes to permitting problems. Renewable, coal, natural gas, nuclear and transmission energy projects across the … More

    In Pictures: Bush Vs. Obama On Gas Prices

    As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush.  The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being … More

    Ways and Means Hearing: Obamacare Is Bad for Business

    Last Thursday, Treasury Secretary Tim Geithner sent a letter extolling the impact of Obamacare on small business. Geithner touted small business tax credits and the creation of health insurance exchanges as ways to enable a greater number of employers to offer health benefits. But reality tells a different story. A … More