Bureaucracy and Regulation

A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.

Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.

Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels. 

Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.

Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.

Puzder supports what is today called “enlightened shareholder values,” according to which shareholders want “woke” goals. 

We hear of many schemes to promote government "efficiency." The problem is that the very nature of government makes “efficiency” impossible.

It is unlikely many of the Department of Government Efficiency's recommendations will ever be implemented. The value of the DOGE lies in how it exposes government waste. 

As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.

Not a single person on the face of this earth makes a pencil. Not only is this corollary true, but it’s also now jurisprudence.