An Economy of One – August 17, 2016

Hour1 : FOMC minutes released today; 45 years ago Nixon took us off the gold standard to pay for the Vietnam War; Nixon’s wage and price control fail; The effect of the price controls – ceiling creates a shortage, a floor creates a surplus (and how this relates to the minimum wage/’Fight for $15.); Academic economists don’t take into account the personal preferences and actions of human beings, Austrian Economics does take that into account; Stores that take food stamps will soon have to provide access to fresh fruits and vegetables.

Hour 2:Marita Noon, Executive Director for Energy Makes America Great, Inc on recent Keystone developments and other energy news; Private property rights vs. ‘The Greater Good’; Hillary Clinton’s response to Donald Trump’s statements on the Estate Tax (hint: she thinks your money is HER money); The Clinton Foundation.

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