Perhaps no person in the history of economics has inspired such strong opinions, both for and against, as John Law. Some view Law as a genius. To others he is considered a madman and swindler. In many ways, he was all of these things
If the cost of labor increases, someone has to pay for it. Laborers may pay in the form of decreased work opportunities, investors may pay in the form of decreased returns on capital, or consumers may pay in the form of higher prices required by increased costs.
Joan Kennedy Taylor first became involved in the libertarian movement in the early 1960s, when she was a student at the Nathaniel Branden Institute in New York City. As a student of Objectivism, she espoused the political views of Ayn Rand.