Young people often get their first jobs in fast food or in some sort of retail customer service. Young and not so young adults are aware that fast food jobs will equip them with the skills needed to acquire future employment. Some choose to make a career in fast food, while for others it is a means of developing skills and earning money to satisfy their needs and wants.
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
—Murray Rothbard, “The Death Wish of the Anarcho-Communists”
California’s decision to grant reparations to black Americans has galvanized activists across the globe. Activists think that doing so will remedy the black-white wealth gap. Ensuring that blacks are on par with whites, however, is a strange goal, since East Asians outperform whites on several metrics, including education.
With inflation still at high levels, it is becoming overwhelmingly evident to Americans that Federal Reserve notes steadily depreciate in value as a form of currency.
For example, an item that cost a silver dollar in 1913 – the year the Federal Reserve and federal income tax (16th Amendment) began – would cost close to $31.00 unbacked dollars today, as pointed out recently by Dr. Thomas L. Hogan.
