Free Markets

One effect of a minimum wage is to reduce the availability of on-the-job training, since more resources are required simply to hire and retain a workforce.

The market's love of reality is triumphant.

Freedom works; market prices guide people to make the necessary adjustments after a big surprise.

The vast majority of American workers remain stubbornly nonunion despite the best efforts of labor unions, the federal government, its court intellectuals, and the mass media.

The whole idea is just plain dumb, not to mention incredibly ill-timed.

The two haute couture lines creating the most buzz are "Laissez-Faire," by Ludwig von Mises, and  "Après Moi le Déluge" by British export, John Keynes.

The requirements for wealth creation are simple: a favorable business climate free from overbearing regulation and a belief that the earnings from hard work and risk taking will not be confiscated by a government bent on the redistribution of income.

The private road would be devoted to serving the customers, not looting them at the point of a gun."

As the misinterpretation of these facts has generated a whole mythology of "imperfect competition" and "monopolistic competition," it is necessary to enter into a more detailed scrutiny of the considerations of an entrepreneur who is weighing the pros and cons of an expansion of his business.
 

This is not the only instance in which Frank refutes his own arguments. Like most good leftists, Frank dislikes SUVs.