The Fallacy of “Living Wage”
The fundamental issue is not wage rates, but productivity. If a worker desires a higher wage, he must produce more in a given period of time.
Gentlemen, Start Your Presses: The Bernanke Virus Spreads Across the World
The past few months illustrate a serious spread of Bernanke’s policies across the entire developed world.
The Hydra of Government Medicine
Yet the relationship between doctors and patients is increasingly under attack by a relentless government. A hydra-headed monster of multiple agencies at all levels is poisoning the practice of medicine. While Obamacare diverts our attention, another head rears toward our medical care.
Consumer Protection: Regulation vs. Reputation
A Canadian woman recently bought a can of lobster pate at a Wal-Mart store. The pate was about a year and half past its best before date, and the woman claimed that she felt ill about four hours after consuming some of the pate. In this era of the nanny state, the...America Can’t Afford the Affordable Care Act
The new health care law, the “Affordable Care Act,” is actually making it less affordable for employers to provide coverage to employees. Under the Affordable Care Act, large employers must provide health coverage to all full-time workers and their dependents or face...Lobbying and Political Power
Lobbyists are not a creation of the free market, but of a mixed economy–an economy with a mixture of freedoms and controls. When government has the power to arbitrarily dictate the actions of individuals, individuals will seek legislation that is favorable to them.
The Economic System That Time Forgot
Rubio perpetuates exactly what’s wrong. He assumes, like Obama, that what we have is a mostly free enterprise system. But we don’t.
