Interventionism

A little-known loophole in federal law allows people with disabilities to be employed below the minimum wage, writes Nicholas Freiling.

For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy. The Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.

There is a little-known loophole in federal law that allows for people with disabilities to be employed at wage rates below the minimum wage. Why the exemption? It’s an effort to lessen unemployment among the disabled, and a tacit admission in federal law that minimum wages cause unemployment.

Government intervention in health care has driven up health care prices.

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button.

Politicians won’t admit that quantitative easing and fiscal stimulus have unquestionably failed to produce a rapid recovery over the past five years.

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates.

To prevent future economic pain, what is required is the closure of all the Fed’s means of creating money out of “thin air.”