Price Controls

Minimum Wage Madness

Minimum Wage Madness

Countries with minimum wage laws almost invariably have higher rates of unemployment than countries without minimum wage laws.

Rent Control Hypocrites

Rent Control Hypocrites

Those who benefit from government coercion seldom like it when the gun is turned around and pointed at them. They have no hesitation to demand that government use compulsion for their benefit, but complain when compulsion is directed at them. As an example,...
The Temperamental Minimum Wage

The Temperamental Minimum Wage

The first fundamental law of demand postulates that the lower the price of something, the more will be demanded, and the higher the price, the less will be demanded. To my knowledge, there are no known exceptions to the law of demand. That was until last fall when 650...
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:...
Minimum Wage, Maximum Folly

Minimum Wage, Maximum Folly

About a fortnight ago, Mrs. Williams alerted me to an episode of Oprah Winfrey’s show titled “Inside the Lives of People Living on Minimum Wage.” After a few minutes of watching, I turned it off, not because of the heartrending tales but because most...