California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."
Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.
Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.
Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.
If allowing markets to operate represents an "ideology" to most people, so be it. I would argue that markets represent a lack of ideology. More importantly, markets provide far and away the most practical approaches to difficult problems like terrorism.
For the Republican elites, it probably seemed like business as usual when the 2016 primary election started. But in a country where people are truly worried about their economic future, the old rules don't apply.
Is government spending on infrastructure less of a misallocation than other spending?
Hillary Clinton has received $18,747 in campaign contributions from Federal Reserve employees — over four times more than all other candidates combined.
Murray Rothbard examines the origins of the Federal Reserve in light of the history of the Progressive movement.
Is there anything the state won't micromanage? Back in the 1970s, the Feds passed "emergency" legislation imposing daylight saving time. We're still living with this pointless and annoying mandate today.
