UKIP’s Nigel Farage calls for Tax Fairness in EU

            Nigel Farage's party, UKIP, was considered a fringe party only a couple years ago, but following recent huge increases in power from local elections, the Liberty-minded party is becoming more influential at the national and international level.  Here, Farage calls out the EU for an unjust tax system, debt and monetary policy, and suggests that if the status quo of Statism was replaced with the free markets of the UK and US in the 1980's, we would all be a lot better off.  

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FEE: Advice to Young, Unemployed Workers

by JEFFREY TUCKER We are now in the fifth year of very choppy hiring markets for young workers. The latest unemployment numbers once again leave them out from posted gains. Not even the boom in temporary employment included them.  The United States has one of the highest rates of unemployment amongst 20-to-26-year-olds in the world. Nearly half of the U.S. army of unemployed is under the age of 34. As for those who are hired, there is a huge gap between wage expectations and paycheck realities, which is exactly what you would expect in post-boom world. A survey by Accenture finds that …

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Cafe Hayek: The Curse of Aggregation Strikes Again

            by DON BOUDEAUX Mr. Denis D___ Dear Mr. D___: Thanks for your e-mail explaining your “black hole theory of the minimum wage.” A critical part of your theory, as I understand it (with help from the link you sent to a video of Sen. Elizabeth Warren talking about wages and worker productivity), is that the minimum wage hasn’t risen by as much as has overall worker productivity.  Supply and demand, therefore, presumably aren’t working for low-skilled workers. Ms. Warren and you are correct that worker pay in the long run is determined by worker productivity.  The productivity that’s relevant, however, …

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Fed Stimulus still Essential to Recovery, says Bernanke

            Today, Federal Reserve chairman Ben Bernanke told Congress he needs to maintain interest rates at record lows in order to continue to alleged economic recovery.  As he does at every Congress hearing, he further pressed Congress to get its act together, reminding our elected officials that he only has so many tools.  It should be asked, however, if Bernanke only has a select amount of tools, and as he is human only has a select amount of knowledge, should he be trusted to supply neverending cheap money to markets, thus creating bubbles in the face of an actionless …

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