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Meat and Three: 2021 Favorites | Heritage Radio Network
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Making a Case Against James Buchanan s Stance on Public Debt
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For years, a school of economists has complained that US wages have been virtually stagnant for decades.
“Jobs are coming back, but pay isn’t. The median wage is still below where it was before the Great Recession,” former Labor Secretary Robert Reich said in 2015. “Last month, average pay actually fell.”
In fact, it’s not hard to find data showing that wages have barely increased since the 1970s, a figure many have used to stoke classy envy.
The Dow soars, wages don’t.
The truth is, there have always been problems with the claim that real wages (adjusted for inflation) have been stagnant for years. As economist Don Boudreaux has pointed out (see below), Reich and others overlook several important factors including how inflation is calculated, compensation outside of wages such as healthcare, and the distinction between individuals and statistics.
Vietnam Vet Shares Conversion Story
Monday, April 12th, 2021
A Vietnam veteran believes God allowed him to experience war so he could become a spiritual warrior.
Don Boudreaux fought in Vietnam from 1967–1968, before being honourably discharged after being severely wounded.
He says he underwent an inconceivable transformation after his days in Vietnam and doesn’t spiritually resemble the man he once was.
He told Christian Newswire after being wounded in Vietnam, he says he spent seven years as a lost man before coming to know Jesus Christ.
Don Boudreaux has written the book “Vietnam and Christianity: A Vietnam Veteran’s Transformation from Army Soldier to Warrior of God”.
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Canadaâs recovery from the pandemic will require, in addition to vaccines, rapid economic growth. Unfortunately, just as the Trudeau government has faltered in delivering vaccines â the rate of vaccinations in Canada lags far behind many other developed countries including the United States and United Kingdom â it seems to have little understanding of the sort of economic policy needed to hasten recovery. Itâs instead relying on false ideas that will only impede economic growth.
The governmentâs economic strategy comes squarely down on the side of increased government spending and âindustrial policy,â which is a euphemism for central planning. In an interview last December, Navdeep Bains (who was at the time the minister of innovation, science and industry), spoke of the government making âbig betsâ with subsidies and program spending in certain industries, including clean technology and the digital economy, to spur innov
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