Knowledge and Markets: a Lesson from McDonald’s
I write this from the playground at a McDonald’s just off of Interstate 81 in Harrisonburg, Virginia, where we’ve just finished a predictable McDon
I write this from the playground at a McDonald’s just off of Interstate 81 in Harrisonburg, Virginia, where we’ve just finished a predictable McDon
Let’s just take it for granted that there needs to be a division of labor: some people covering fundamentals and others working on difficult inside
People respond to incentives. When governments change incentives, people respond in ways that produce unintended results.
Lots of great Fed propaganda posters here, from yesteryear
Turns out there is a second minimum wage — a minimum wage for the disabled (currently, the minimum is effectively zero).