Barack Obama, Adam Smith, and the Minimum Wage

by Timothy Taylor, Conversable Economist Posted originally at Conversable Economist, o6 December 2013. In a speech recently on economic mobility, President Barack Obama quoted Adam Smith in support of a higher minimum wage. Given that minimum wage laws were not a hot topic in 1776 when The Wealth of Nations was published, I went looking …

November 2013 CPI Inflation Little Change

by Doug Short and Steven Hansen The November 2013 Consumer Price Index (CPI-U) year-over-year inflation rate increased marginally but was constrained by a decline in energy prices.

ECB Bank Stress Tests: Catalyst Of The Final EU Crisis?

by Cliff Wachtel, FX Empire Everything you need to know about biggest threat to markets for the foreseeable future-why EU bank supervision can’t be avoided, but risks so much The following is a partial summary of conclusions from our weekly fxempire.com analysts’ meeting for the week ending 15 November 2013 in which we share thoughts and …

September 2013 CPI Inflation Moderates Although Energy Prices Rose

by Doug Short and Steven Hansen The September 2013 Consumer Price Index (CPI-U) year-over-year inflation rate declined although energy commodity prices inflated.