The day after Thanksgiving a group of Walmart workers plans to strike to protest certain company policies. Specifically, the group wants Walmart to phase out its minimum-wage jobs.

Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future.

 

 

“Don’t let anyone tell that, ah, you know, it’s corporations and businesses that create jobs,” Hillary Clinton proclaimed to loud applause at a political rally in Boston on October 24. 

“You know that old theory — trickle-down economics,” she continued. “That has been tried. That has failed. It has failed rather spectacularly.”

The Congressional Budget Office offered no solutions as to how to pay off the burgeoning national debt; it just reports the facts.

There are many lessons to be learned in the International Monetary Fund report claiming China's economy has surpassed that of the United States. First, not every number is to be believed. Second, not all numbers were considered.

 

 

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