Why a federal surplus will cost you money

People have been led to believe, wrongly, that their personal financial circumstances will improve when the federal budget is in surplus but the opposite is true.  A federal surplus occurs when the government taxes more than it spends, (and what the hell point is that?). The net result  is billions of dollars being sucked out of the economy.

Why have wages been allowed to stagnate?

People in minimum wage jobs today are doing much worse, relative to the well-off, than they were 50 years ago. Recently, one of our readers wrote in to ask us to explain why minimum wage rates have been allowed to stagnate. Steven Hail delves deeper and shares a few reasons why…