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Many advocates for minimum wage hikes argue that the hikes are good for the businesses themselves. But if that were true, the businesses would happily hike wages.
Calculation and KnowledgeOther Schools of ThoughtPraxeology
Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.
War and Foreign PolicyWorld History
"To recognize that the Baghdadi government is an enemy of the United States is to acknowledge that not only was the Iraq war a mistake, but that its outcome was a boon for Iran."
The US government has placed sanctions on those who are building a natural gas pipeline from Russia to Europe.
The EntrepreneurFree MarketsMedia and CultureMoney Supply
Labor and Wages
Studies have shown that the amount of money paid in the low-wage labor market declined overall as a result of minimum wage hikes.
The FedFinancial MarketsMoney and BanksU.S. Economy