Oily Politicians II: Politicians Play on Consumer Ignorance of Economics
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work. If vast new iron ore deposits are discovered tomorrow in Timbuktu, 99 percent of the people on this planet may be wholly unaware of it —...Oily Politicians I: Oil Prices Rise as Oil Drilling is Restricted By Politicians
If there is anything worse than partisan demagoguery, it is bipartisan demagoguery. Republican leaders have now joined the Democrats in blaming the oil companies for the fact that prices rise when demand expands more than supply. Prices have been rising under these...The Real Friends and Enemies of Wage Earners: An Intellectual Challenge to the Left
Labor unions do not even know how to raise real wages. All they are concerned with is raising the money wages and protecting the jobs of the members of their particular union.
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...Rape Accusations Against Duke Lacrosse Players: Law or Lynch Law?
People who were not within 1,000 miles of Duke University have already taken sides in the case of a stripper who has accused Duke lacrosse players of rape. One TV talk show hostess went ballistic when a guest on her program raised questions about the stripper’s...The Only Cure for Racism
If diversity is the cure for racism, why, instead of promoting racial harmony, has it brought racial division and conflict? It is now taken as a virtual axiom that the way to cure racism is through the promulgation of racial and ethnic diversity within corporations,...Why Can’t We Fix The Tax Code?
While Americans struggle to comply with one of the world’s most complicated tax codes, it’s worth noting that about one-dozen nations have adopted simple and fair flat-tax systems.Hong Kong has had a flat tax for nearly 60 years, and has gone from being...Where Would General Motors Be Without the United Automobile Workers (UAW) Labor Union?
What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.
