We should be championing people's ability to work, to make a living, and to live free from excessive government interference.
The minimum wage debate is littered with examples of second‐order consequences that tend to get ignored.
Governments can’t simply mandate higher wages into existence without imposing significant unintended consequences.
Two of the loudest interest groups in the economic policy world these days have an oddly similar approach.
Decentralized currencies could help to break down the grip of the state and let Venezuelans finally breathe free.
The PRO Act won’t help independent workers. It will eliminate their jobs or strip them of the flexibility that attracted them to the gig economy in the first place.
Import taxes on washing machines have cost Americans over $800,000 per job created.
Politico reports that progressive Democrats are set to “crack down” on the private equity industry, with Sen. Elizabeth Warren, D-Mass., likely to reintroduce her 2019 Stop Wall Street Looting Act. Warren has said: “For far too long, Washington has looked the other way while private equity firms take over companies, load them with debt, strip them of their wealth, … Continue reading Warren’s Attack on Private Equity Industry Isn’t Just Bad for Wall Street, It’s Bad for Main Street
Bloomberg News recently ran a profile of Arin Dube, a Professor of Economics at the University of Massachusetts, Amherst. The story is a powerful one. It explores how Dube went from a 16-year-old burger flipper earning $3.85 at a McDonald’s in Seattle to a leading authority on the minimum wage. With federal legislation proposed to … Continue reading Bloomberg Article Misleads by Omitting Key Detail about Economists Surveyed on $15 Minimum Wage
The world may be nearing the end of the coronavirus pandemic (at least we can hope), but the post mortems are just beginning. A new paper from the National Bureau of Economic Research found important correlations between sales losses and lockdowns across counties in California. Economists Robert W. Fairlie and Frank M. Fossen used state … Continue reading Study: Lockdowns Had Largest Impact in Destroying Economic Activity