The Case for Abolishing Minimum Wage Laws
Eighteen states impose minimum wages higher than the federal minimum of $7.25 an hour. Among the states, California’s $12 an […]
Business & Economics
Stranger Things, Miller Lite, and the Power of Nostalgia in the Marketplace
If the success of the Netflix series Stranger Things has taught us anything, it’s that nostalgia can have a profound […]
This Cartoon Shows How the Minimum Wage Works
The cartoon below illustrates an important, but overlooked fact about the minimum wage and labor markets: Workers compete against other workers, […]
Want to Fix Health Insurance? Start With the Tax Code
In March, President Trump tweeted, ‘The Republican Party will become ‘the party of healthcare!” Given the GOP’s inability to deliver […]
The Libra’s Cold Reception from Congress Shows Why We Need Bitcoin
The hostile receptions Facebook’s Libra coin received should be viewed as a validation of the need for Bitcoin. One of […]
Trump Is All Wrong about Bitcoin
Frustrated with the Federal Reserve’s degree of political independence and influence over of the economy, President Donald Trump has recently […]
Support for $15 Minimum Wage Plummets When Americans Are Told Its Economic Impact
Minimum wage laws, I’ve noted, are popular with the public. This no doubt explains why House Democrats passed a bill […]
Tucker Carlson Says Corporations Are Now the Biggest Threat to Your Freedom. He’s Wrong
Sundar Pichai, Jack Dorsey, and Mark Zuckerberg have no prisons. They’ve never run an internment camp or seized anyone’s home […]
The Remarkable Logic of the Minimum Wage
In a study published earlier this month, ‘The Effects on Employment and Family Income of Increasing the Federal Minimum Wage,’ […]
Five Lessons for Politicians on the Anniversary of Adam Smith’s Death
Yesterday I tossed money onto Adam Smith’s grave. I was not the first to do so, nor will I be […]
How to Find Remote Work Opportunities
Digital nomads use telecommunications technologies to earn a living. I’ve been working remotely since 2016 and have been a digital […]
Don’t Dismiss Bitcoin Because of Its Wild Price Swings
There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of […]
How the BBC’s Critique of “I, Pencil” Misses the Mark
Leonard Read’s immortal essay ‘I, Pencil‘ has persuaded more people of the wonders of the free market than possibly any […]
Even Economists Lie to Themselves
We all know people that lie. We lie to our parents at one point or another to avoid getting in […]
Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes to Blame
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 […]
Trying to Regulate Online Speech Will Only Make Censorship Worse
Whenever a supposed small-government conservative threatens to use ‘the heavy hand of government,’ you know something has gone terribly wrong. […]