Raising the Minimum Wage: The Cruelest Tax on Job Growth
It is unlikely that President Biden and his advisers dislike the young, uneducated and unskilled, but their proposal to double the minimum wage to $15 per hour is unspeakably mean. It pains me that once again I need to give a basic tutorial on supply and demand; but...
read moreOffsetting the Misery of the U.S. Government’s Spending Disaster Stimulus checks coupled with government-induced shortages could lead to higher rates of inflation
The persistent myth is that government spending increases economic growth when, in fact, it slows growth beyond a certain point. The myth is based on an old Keynesian theory argument that if there are unemployed people, the government can boost employment by giving...
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