Under our current banking system, it is possible to create money out of thin air. Fractional reserve banking is a system in which only a small amount of the money circulating in the economy are backed up by actual cash. The rest of this money, while still counted in individual bank accounts, is free to … Continue reading Fractional Reserve Banking
In February of 1913, the 16th Amendment to the US Constitution was passed, giving Congress the power to levy an income tax. Since then, Americans have been paying money, taken from their hard earned income, to the IRS to fund government functions. Is it a good thing, though? Should the income tax exist? I intent … Continue reading A Case for Eliminating the Income Tax
I hear about free college a lot in current political discourse. The price of a college degree is rising higher and higher every year, while wages are remaining more or less stagnant. Many offer a solution to this in the form of guaranteed free college. Under their ideal system, the government would offer payment of … Continue reading Why The United States Should Not Have Tuition-Free College
Government intervention has ultimately created a cronyism and banking socialist system that damages the economy is keeping the class warfare Marx spoke of alive.
Imagine going to the doctor and not paying a cent. This is an idea becoming more and more popular. Single payer healthcare is an extremely favorable idea on the political stage today. Many politicians advocate for it. Bernie Sanders almost won on ideas like it. Let us look at some examples of the single payer … Continue reading Why The United States Should Not Have Single Payer Healthcare
A heavily debated topic in current economic discourse is over a government-imposed wage floor. Is minimum wage good for the economy, or does it do harm? Many economists will agree that is in fact does harm the economy, but there are a few who would advocate for it. I intend to prove that the minimum … Continue reading My Take on the Minimum Wage