Economics has been called the dismal science by some. But since economics is one of the cores of our civilization should we have a better understanding of it? What are the strengths and weaknesses of the American free-enterprise system and are there reforms and policies changes that could make it even better?
One change that might be beneficial is to index some programs to keeps pace with inflation such as gasoline taxes. Our gasoline taxes are not now sufficient to fund the repairs of our highway system including bridges.
The minimum wage has not kept up with inflation, and if it had been indexed starting around 1968, it would be around 11 dollars an hour and not be such a political football.
What are your thoughts? Click on reply at the top and leave your comments at the bottom.