Tag: economics

Minimum Wage and Income Inequality (Freedom on Trial Commentary: Part 1)

SAM: Now we all know the facts of this case. The defendant decided that he was above the law and paid his employee a rate below the legal minimum wage. But this case is about something bigger. Income inequality. BRADLEY: Why is it that some people are so rich and some people are so poor?…

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Solving the Politics of Universal Basic Income | Owen Poindexter | TEDxUnionCity

Translator: Michele Gianella Reviewer: Rhonda Jacobs It was a cloudy afternoon; I was stuck in traffic when I happened to hear a radio program about the international aid organization “Give Directly.” Now, at the time Give Directly was very controversial because unlike other aid organizations they don’t provide medicine, or school supplies, or sports equipment,…

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Paul Krugman Explains Why Cutting Taxes for the Wealthy Doesn’t Work

-I have to ask you this. As an economist, I imagine people all the time — friends, family — ask you to give them investment advice, ask you to predict the future. -Yeah. -Yeah. And what do you tell them when they ask you that? -I tell them I don’t know, and nobody else knows…

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How Credit Cards Were Invented | Planet Money | NPR

This is where the story of the magnetic stripe and the chip on your credit card begins — an airport in the 1960s. Back then, you want to pay with a credit card, you walk up to a ticket counter, hand over your credit card, and the airline calls up the bank to make sure…

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Sneaker Money – Full Video

you recognize this place right you’ve seen it on TV it’s Wall Street located in lower Manhattan New York City it’s where millions of dollars in stocks and bonds are traded every market day and this is the Chicago Mercantile Exchange where they trade in commodities like cattle grain money in its many forms moving…

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What Is Money ?

What is Money? We all use money We need it to buy things We work hard to earn it. We save it for retirement, or a rainy day. We all rely on money – so why don’t we know how money works? Why is there sometimes too much of it, making us believe that the…

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An honest look at the personal finance crisis | Elizabeth White

You know me. I am in your friendship circle hidden in plain sight. My clothes are still impeccable — bought in the good years when I was still making money. To look at me you would not know that my electricity was cut off last week for nonpayment, or that I meet the eligibility requirements…

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The time value of money – German Nande

They say, ‘Time is money,’ but what does one really have to do with the other? Meet Sheila! She just got her first big bonus. Sheila knows exactly what she wants to do with that money. She’s had her eye on a nice convertible for a while now. Yes, Sheila, that’s a nice car! Oh,…

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Milton Friedman on Guaranteed Income / Negative Income Tax / Basic Income

This is Milton Friedman. The Nobel Prize winning libertarian economist… …who adamantly opposed big government. The government is too big. It’s becoming our master instead of our servant. We’ve got to redact against it and cut it down to size. So it may come as a surprise… …to learn that Milton Friedman… …proposed a government…

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How does corporate income tax work? | VIEWPOINT

Now this is a complicated topic, so we’re gonna be trying to do this in a series of stages here today, exploring different aspects of the topic as we go along. We’re first gonna start with a simple description of how the corporate income tax works today and then lay out what we see as…

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