No Drug Price Controls

No Drug Price Controls

The Democrats who now control Congress want to change President Bush’s Medicare drug benefit to require government officials to negotiate drug prices with the pharmaceutical companies. Under the current program, competing insurance companies cut the deals and...
The Minimum Wage Vision

The Minimum Wage Vision

There are decent people, without a selfish hidden agenda, who support increases in minimum wages as a means to help low-skilled workers, and there are other decent people, with the identical goal, who strongly oppose increases in the minimum wage. So the question is:...
Price Controls

Price Controls

I first became aware of the law of gravity as a small child when I pedalled by tricycle off the porch and crashed into the yard. Gravity was of course operating all along, whether I was aware of it or not. Economics is a lot like that. Many people who are completely...
Killed by the ‘Living Wage’

Killed by the ‘Living Wage’

Businessmen in Santa Fe, New Mexico, are going to court to defend their most basic economic right–the ability to voluntarily negotiate wages with their employees. Last month, the Santa Fe city council voted to raise the minimum wage to $10.50 per hour over the...