Economics

Economics

Government’s Debt Ceiling, Defined

April 25, 2024 thefpAdmin 0

What is the Debt Ceiling Limit? The debt ceiling is a limit imposed by Congress on how much debt the federal government can carry at any given time. When the debt ceiling is reached, the US Treasury cannot issue anymore treasury bills, bonds or notes. It can only pay bills as it receives tax revenues. In other words, each time the debt ceiling is increased, it essentially allows the federal government to pay bills above its means. Average Citizen Comparison We can compare this practice to a personal credit card issued by a bank in your name. At issue, you were given a credit limit of $3,000.00 with an interest rate of 21% per year. […]

The Founding Principles

Right to Property and Pursuit of Happiness: Work

May 22, 2023 Tony Wyman 0

The Happiness Factor of Work  A Civilizing Force Maybe the greatest civilizing force in society today is that most of us have to get up five days a week, take a shower, put on something presentable, if not exactly fashionable, and go to a job where, for a minimum of eight hours, we are expected to be better people than we really are in exchange for a paycheck and a dose of self-respect…or we work.    We all complain, of course, about having to go to work, about the cruelly inverse nature of the ratio of weekdays to weekends, about racing rats and climbing over bodies to get to the top of the corporate heap, […]

Our Government

The Free Market: Trading Pudding for Pickles

January 12, 2023 Tony Wyman 3

Part of the TFP Founding Principle Series, Tony Wyman continues with an explanation of Free Markets. Trading Pudding for Pickles ~ How the Free Market Made School Lunches Great No matter how many times I told my mother that I absolutely despised Snak Pak Butterscotch Pudding, every day I opened my lunch box in middle school, there it was. That vile, brown-grey paste, sitting in its little plastic tub, took up space in my lunch that should have been occupied by the food I craved most: Vlasic dill pickles. But, my mother, who religiously packed my lunch every day, insisted that I didn’t actually like pickles and that every boy of a certain age absolutely […]

History

Awuah: From Microsoft Millionaire to Educator

May 12, 2021 Peter Crowell Anderson 0

Awuah: From Microsoft to Ghana With so many Americans working from home now and especially so during the 2020 health emergency, we should thank one of the people, who was instrumental in making Internet Communications possible, Patrick Awuah, Jr. The Story of Patrick Awuah, Jr. Patrick Awuah, Jr. can be considered one of the Pioneers of Internet Communications.  He was one of the original Microsoft Team Members in 1988 who developed the first Dial Up Applications.  He left all of that and his life as an American multi-millionaire before the age of 30 and returned to his home in Ghana to found Ashesi University in Accra, Ghana.  Here are his words and here is his […]

Education

From the Trenches…My Class

June 16, 2017 Guest Writer 0

Let me tell you about my school What education looks like “from the trenches” and with my homeroom class: I teach at a dropout recovery school that serves mostly inner-city kids. These kids cannot be in any other school, either because they are sex offenders, are on parole, have been homeless and away from school too long, are felons banned from other schools, or they have emotional, psychological, behavioral and/or learning disabilities that propel them out of mainstream schools to be at my school. Many of these kids have been pushed along in the public schools and are then bounced out of the public school to avoid having their low test scores affect the overall […]