Do We Really Need a Minimum Wage?
In the 73 years since the passage of the FLSA, the federal minimum wage has been increased 28 times and decreased only once (in 1963).
Interventionism
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What Drives Higher Unemployment?
In an unhampered free-market system, the Ricardo effect is benign and progressive. It is just an interesting observation.
Should There Be Shop-Closing Laws?
After decades of strict laws regulating when stores can open and close in Germany, the laws are progressively liberalizing.
The Sources of New Deal Regime Uncertainty
The Roosevelt administration proposed and Congress enacted an unparalleled outpouring of laws that significantly attenuated private-property rights.
The Power of Persuasion
What they were interested in was a collection of issues that included the right to own gold and the abolition of the military draft.
Paranoia Is Good for You
Privacy rests on the assumption that an individual has a right to shut his front door and tell other people (including the government) to mind their own business. This is a presumption of innocence. It is also the bedrock of civil society.
Can Government’s Finances Be Compared to a Household’s?
The deficit-hawk politicians are right when they say the government should be sharing in the belt-tightening along with everyone else. Slashing spending at the federal level would return much-needed resources to the private sector, where they would do the most good.
Welfare Is Corrupt Always and Forever
Every government transfer program allows resources given for one purpose to have far different effects than intended.
The Economics of Abundance
The increasing concentration on short-run effects is not only as a serious and dangerous intellectual error; it is a betrayal of the main duty of the economist and a grave menace to our civilization.
A Negative Railway
Here we have clearly the interest of labor put before the interest of consumers.
