Milton Friedman and the Myth of Minimum Wage helping Poor. Milton Friedman discusses the effects of minimum wage, dispelling the myth that it is a Good Thing. From Milton Friedman: The fact is, the programs labeled as being “for the [...] The post Milton Friedman explains the Myth a Minimum Wage

It’s fairly easy to categorize Patrick Byrne, the founder of Overstock.com, as a visionary, although he is usually described in less glowing terms in the mainstream media, a typical adjective being “controversial”. Byrne founded the $1.4 billion internet retailer of mainly “closeout” merchandise in

Authored by Daniel Nevins via FFWiley.com, Forget about big hair, Ray-Bans, and Donkey Kong. Don’t even think about Live-Aid, Thriller, and E.T. Above all else, the 1980s were the gravy days of the money supply aggregates. Beginning in late 1979, the Fed built its policy approach around the

Authored by MN Gordon via EconomicPrism.com, “Inflation is always and everywhere a monetary phenomenon,” once remarked economist and Nobel Prize recipient Milton Friedman.  He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services

Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe - Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis- Venezuela's new 100,000-bolivar note is worth less oday thehan USD 2.50- Maduro announces plans to eliminate all physical cash- Gold rises in