Production Theory

The government, famed for building bridges to nowhere, can’t replace a bridge blown down by Hurricane Katrina in four times the time required

Who is Robe

When it comes to matters such as the theory of evolution and stem-cell research, so-called liberals—i.e., socialists who have stolen the name that

This means that employment among the young, the inexperienced, and unskilled will decline with the institution of a higher minimum wage.

What's truly ironic is that this alleged benefit is reduced when the government forces every business to raise wages.

In a letter to Mill, dated July 27, 1820, Ricardo refers to the doctrine that a general overproduction is impossible and that capital can never increase too rapidly, as "Say's and your doctrine of accumulation."

People voting for the minimum wage indulge a fantasy that they are helping the hard-working down-on-his-luck adult minimum-wage earner who is struggling to support a family. Instead they are preventing the sweet, earnest but maybe-a-little slow kid living down the block from getting that first job, because his output does not reach the economic level required by a wage that government has set too high.

This excerpt from an article on Americans abandoning U.S.

Here’s an interesting excerpt from an interview with David Card by the Mi

This morning’s New York Times business page reports