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US Incomes Increased More in 2018 Than in the Previous 20 Years—Combined - Foundation for Economic Education


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. ....

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Lord Acton: Libertarian Hero - LewRockwell


Lord Acton: Libertarian Hero
[Originally published April 4, 2006, at LewRockwell.com]
“You would spare these criminals, for some mysterious reason. I would hang them higher than Haman, for reasons of quite obvious justice; still more, still higher, for the sake of historical science.”1
Thus ends a long passage of a letter from John Emerich Edward Dalberg Acton, First Lord Acton (1834–1902) in which appears his famous aphorism regarding power’s tendency to corrupt its possessor. In a few words to a fellow historian, who regarded his critic as the “most learned Englishman now alive,” his vast historical knowledge, passion for justice, and love for his Church are fused and brought to a fine point.2 ....

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The Great Nonsense of 'The Great Reset'

The Great Nonsense of 'The Great Reset'
lewrockwell.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lewrockwell.com Daily Mail and Mail on Sunday newspapers.

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Poll Finds 50% of Southern Republicans Now Support Secession


Professor Toshio Murata of the Yokohama College of Commerce died on March 12, 2021, at the venerable age of 97. During World War II, he was a staff officer responsible for economic planning in Shanghai, under the Japanese Occupation. He soon found out that central planning in a city of that size.
Professor Toshio Murata of the Yokohama College of Commerce died on March 12, 2021, at the venerable age of 97. During World War II, he was a staff officer responsible for economic planning in Shanghai, under the Japanese Occupation. He soon found out that central planning in a city of that size did not work, and, when his opinions become known to the central authorities, he was removed from his post. After the war, an American student sent him a copy of ....

Gary Galles , Jeffrey Sachs , Tyler Watts , Asim Hussain , Frank Shostak , Morgan Poliquin , Brundtland Commission , Human Development Index , Age Of Sustainable Development , Economic Development , Sustainable Development , கேரி கேல்ஸ் , ஜெஃப்ரி சாக்ஸ் , டைலர் வாட்ஸ் , அசிம் ஹுசைன் , வெளிப்படையான ஷோஸ்த்தக் , மனிதன் வளர்ச்சி குறியீட்டு , வாழ்நாள் ஆஃப் நிலையான வளர்ச்சி , பொருளாதார வளர்ச்சி , நிலையான வளர்ச்சி ,