From a great piece by Kevin D. Williamson at National Review. Right now, we are embroiled in a deeply, deeply stupid debate over whether to raise the statutory minimum wage to $15 an hour. (I write “statutory minimum wage” because the real minimum wage is always and everywhere $0.00 an hour, as any unemployed person […]
Monthly Archives: May 2015
…and then receive it back.
From John Steinbeck’s East of Eden—a book I’m trying, for the fourth time, to read through to the end. It wasn’t very long until all the land in the barren hills near King City and San Ardo was taken up, and ragged families were scattered through the hills, trying their best to scratch a living from the […]
NYT discovers that people respond to incentives!
Here’s a hilariously pathetic choice of words in the blurb of a New York Times piece published today. It turns out that generous maternity leave and flexible rules on part-time work can make it harder for women to be promoted — or even hired at all. “It turns out….” Please. It’s as if this author has […]
Scott Walker the socialist (on immigration)
Last month, Scott Walker explained to conservative talk-show host Sean Hannity that immigration policy should be based, first and foremost, on “protecting American workers and American wages.” The next president and the next Congress need to make decisions about a legal-immigration system that’s based on, first and foremost, on protecting American workers and American wages. […]
A new piece, and a great interview
Here’s my new piece at EnhancingCapital.com on interest-sensitive investments — a handy little read, I hope, for anyone concerned about how an interest rate hike might affect their portfolio. Then again, I still stand by my prediction from last December: The Fed won’t raise interest rates in 2015. Inflation is just too low. In fact, I […]
The most amazing economic chart ever
From AEIdeas. If you’ve taken even an introductory-level economics class, you’ve probably seen this before. But it never gets old.