Today’s N&O offers up this article about a study that allegedly calculates a "living wage." The study: "tried to show what it actually takes to pay for housing, food, childcare, health care, transportation, taxes and other necessities across the state." What did they find? "The average family of four in North Carolina needs $42,841 annually [...]
Who’s Paying Tax in N.C.?
Wouldn’t you like to know. (Hint: Look out for those calling for the wealthy to pay their "fair share.")-Max Borders
Myth of the Middle Class Squeeze
Drew Carey on the troubles of the middle class.-Max Borders
No Better off than 1975?
If you believe that the average worker is no better off than in 1975, then you may be missing something.(Beautiful addendum to this post from Steven Landsburg in the NYTimes.)-Max Borders
Blame “Easy Credit” for Business Cycles
"Business cycles and economic downturns are a natural by-product of a capitalist economy." So the common refrain goes. Nonsense. In this oldie-but-a-goodie Freeman article, Brian Summers dispels this myth. "Critics of capitalism assert that recessions are caused by free enterprise. But when pressed on the matter, these critics can never find anything in the free [...]
