monetary supply

Fireside Chat

My friends, I want to talk for a few minutes with the people of the United States about banking — to talk with the comparatively few who understand the mechanics of banking, but more particularly with the overwhelming majority of you…

Franklin Delano Roosevelt, President. 12 March, 1933

It’s been ninety years, and we still haven’t learned the lesson.

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Raise The Minimum Wage — A Little

It’s time.  The wage hasn’t gone up since 2009, and a dollar is worth a lot less today.  $7.25 an hour in 2009 is $9.50 an hour adjusted for inflation, and add a quarter a year for a while just to stay even.

There’s people who couch their arguments in terms of a living wage.  Some talk of morality, of exploitation, of fairness.  There’s a big political movement out there supporting $15 and hour on these grounds; they’ve had some success in Seattle. (more…)