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Macro Economics

In: Business and Management

Submitted By beno02
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WSJ Project

The Lost Wages of Youth
This article was about the problem America has today with youth’s ages 16 – 19 not getting hired, or working as much as they used to. The article talked about how the unemployment rate of older teenagers has risen due to higher minimum wages.
I really liked this journal. I have been working every summer since I was young, then when I turned 16 I entered the “real” work force, so this topic deals close to me. I think this article is right on saying that raising minimum wage only makes things worse. Sure we make more money an hour, but now everything we buy now costs a lot more to produce, driving costs way up. People think that if they get paid more then they will have more money, when in reality as they make more money, prices rise, actually causing them to have less money.
Bring Back the Robber Barons- Daniel Henninger This article by Henninger is about the future of America, and how the Government is hindering us. I really like Henninger’s opinion on this topic. I believe that the government’s stimulus bill to create jobs is stupidity at its max. All this bill does is increase our debt. I like how he wants the barons to come back. Sure they made a lot of money, but they were new, innovative, and brought a new aspect into the game. I don’t think these political entrepreneurs can really help for the better as much as market entrepreneurs could. Once politics take over, the economy crashes. We have seen over and over how well socialists can run a country. The sooner we get back to a free market economy, where the government doesn’t try to control all of it, the sooner our economy gets back on track.
Indiana Says “No Thanks” to Cap and Trade This article is about how the government wants to impose a bill on Indiana that would greatly increase the cost of living. This bill is all about “going green.” I agree with the...

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