February 2013

Minimum Wage: Good Intentions, Bad Policy

This article was originally published by ValuesandCapitalism.com on February 15, 2013. Minimum wage is supposed to help poor people. That’s why two out of three Americans support raising it to $10 an hour. And that’s probably why President Obama, during his State of the Union Address last Tuesday, called for raising it by more than 20 percent. […]

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Waging War on Work

This article was originally published at Mises.org on February 11, 2013. Employment law is a mainstay of state economic policy. Few question its efficacy as a means to correct “market failures”—like unlivable wages for meaningful work—that would leave society in shambles. In fact, no serious debate exists among American policymakers about the benefits of such laws. […]

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Self-Interest: A Powerful Force for Good and Evil

This article was originally published at ValuesandCapitalism.com on February 7, 2013. Economists are confusing. They often disagree about the most basic of ideas. But one thing no serious economist rejects is the important role of self-interest in promoting economic growth. In fact, this idea has been a mainstay of economic theory for centuries. “It is […]

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