Demagogue at Work, Part II: New Yorkers May Soon Be Saddled with Higher Prices and Costs as Decreed by the State Government

News Item: New York Governor Andrew Cuomo, following the lead of other populist politicians, demands that fast food restaurants dramatically raise wages. Cuomo also complains that McDonald’s made $4.67 billion in profits last year while New York State spent a fortune on welfare costs for low-wage workers. He calls for the McDonald’s hamburger chain and…

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Demagogue at Work. Part 1: Economic moonshine from a pol who wants your vote

News Item: New York Governor Andrew Cuomo, following the lead of other populist politicians, demands that fast food restaurants dramatically raise wages. Cuomo also complains that McDonalds made $4.67 billion in profits last year while New York State spent a fortune on welfare costs for low-wage workers. He calls for the McDonalds hamburger chain and…

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Credit Could Help or Wreck Your Grad’s Life

It’s never too soon to develop a virtuous circle in using credit, one of the most important parts of any person’s financial life. So getting into good credit practices when someone is beginning higher education, when one is becoming an adult, is a good time to start. Why? Knowledge Equals Big Bucks Managing credit effectively,…

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To The Generation Behind Me: A letter to Christine, Jonathan and Millions of Other Young People

Many people of my generation, the Baby Boomers, have made a mess of their finances. Some boomers—those born between the end of World War II and 1964—have lived beyond their means for decades. Now a large number of them face an old age of continued work and lower living standards. I know many of these…

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The Social Security Scam, Part III: How to Disengage from a Program and a Welfare State Philosophy that Are Failing

One of the principles of a free society is that people are governed with a minimum of state coercion. When in doubt, liberty should always be the default option. The goal of most social policy should be to leave people alone because each individual knows his or her needs better than any government official. And,…

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Often It Is not the Best Retirement Saving Tool. Yet, like it or not, you must buy Social Security coverage.

Mandatory Social Security, America’s foundation welfare state program, became law in 1935. Over some 80 years it has become more than a retirement program—-it has become an article of faith in our ever expanding welfare state. Millions of Americans depend on it as a primary retirement income source. And, unfortunately in some cases, some rely…

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