Interventionism

Once and for all, I'm going to target the main motivation for minimum wage advocates in academia: politics.

The poor are able to acquire household items that in some cases no one, rich or poor, could have had even a generation ago, and on terms that no one else is willing to extend to them.

The problem for the survival of a market economy arises when the voters permit or encourage the expansion of government power to such an extent that private businesses can gain short-term profits through the intervention into the competitive market by state officials.

What the American worker needs is more of what Wal-Mart offers and less of what the government offers. If we could then fix the Fed so that it would no longer water down the value of our money, we'd never have to worry about declining real wages again.

When government on all its levels enters health care, the industry has to adjust to every dollar spent and every order given.

So it is with the security state. We give it power, we permit it to run itself with no oversight, we put up with its excesses, and we have a hard time imagining what life would be like without it.

That government has managed to corrupt our sense of justice to the point that it can perpetrate such a transparent fraud upon any fully conscious human being is yet another argument in favor of the free society and against the state.

The Fed is there to print all the money the federal government will need. There is no limit on its power to do so. We aren't taxed. For that reason, people are not scandalized by the numbers or the corruption. We don't even call it that. There is nothing about the numbers that seems real.

So there you have it: a theory of causation (lack of regulation) and a proposed solution (more regulation). Are we supposed to believe that in a properly and full regulated world, there would be no unexpected accidents or any regretable malfunctions?

The seemingly impressive Swedish boom will certainly be revealed as a fraud — just as the whole story of the success of the Swedish economic model is a fraud.