Has any science ever devoted so much time, effort, and cleverness to elaborate attempts to determine whether or not a central and indisputably correct tenet of that science – a tenet used without question to predict outcomes in general – fails to work as an accurate predictor for one very specific, small slice of reality as has been devoted by economics over the past two decades to determine whether or not the law of demand works to accurately predict the effects of minimum wages on the quantity demanded of low-skilled labor?
Tag: change
Ten Fundamental Laws of Economics
In the midst of so many economic fallacies being repeatedly seemingly without end, it may be helpful to return to some of the most basic laws of economics. Here are ten of them that bear repeating again and again.
Why Our Coercive System of Schooling Should Topple
I’ve been called a crazy optimist, a Pollyanna, a romantic idealist. How can I believe that our system of compulsory (forced) schooling is about to collapse? People point out that in many ways the schooling system is stronger now than ever. It occupies more of children’s time, gobbles up more public funds, employs more people, and is more firmly controlled by government—and at ever-higher levels of government—than has ever been true in the past. So why do I believe it’s going to collapse—slowly at first and then more rapidly—over the next ten years or so?
Minimum Wage? Won’t Someone Think of the Children!?
I was quite proud of my 12 year-old recently. She bought her own iPad with money she had saved from babysitting her younger sisters (a joint-effort with her 13 year-old sister) on the nights that I have class. It reminded me of my first job working at the gun range where my dad shot skeet & trap. I earned about $55/week, paid the same way; in cash. I would do simple stuff, like load targets, ‘pull’ for shooters, maintain the grounds, etc. At its core, the minimum wage is a coercive extraction of resources from one party to be given to another.
Spanking As a Prejudice Against Children
It’s been said that kids benefit from a good spanking. Some people justify this practice by claiming that today’s kids’ are getting out of control, and need to be punished more severely. Some folks might be surprised to learn that this generational view has been expressed throughout our history with regard to a number of specific populations of people within our society.
Why Paleoconservatives Are Wrong About Immigration
I don’t see how you can oppose free immigration without at least indirectly supporting the existence of a coercive state. I’ve read what (paleo) Rothbard and Hoppe have to say about it, but their argument (essentially, if all land were privately owned, “immigration” would require permission from the landowners) ignores several important facts.
The Dangers Of Collectivism
Unlike inanimate objects human beings have needs, wants and desires that vary based on gender, ethnicity, religion, culture, race, creed, and the individual. The same individual’s desires can change based on the year, month, week, and even day in question. After knowing an individual for a long period of time one may make certain general predictions based on previous behavioral patterns but even this may be risky.
Voluntary Only
Among the whole world of ideological labels that I could potentially attach to myself, there is one in particular that I feel called to talk about. Voluntaryism. This is a label that I have for a long time now felt affinity with, and in recent times have been cozying up to more and more.
My Political Objectives
A month ago I shared my result of “The Political Objectives Test” by Hello Quizzy. I was branded an “anarchist” with the summary beginning with this very true statement, “Liberty is so overwhelmingly important to you that you wish to eliminate anything that can interfere with it.” I found the test to be rather helpful in contrasting my views with others on the various topics it questioned me about. For that I wanted to present the questions here with emphasis (underlined) on the statements I selected, followed by some commentary and resources.
What’s a Secular Heretic to Do?
Secular and religion-based political systems can bear an uncanny resemblance. Observing their respective dogmas, catechisms, and sacraments, we might even wonder, with William Cavanaugh, whether the divide is as sharp as we commonly think. Recent events certainly call the distinction into question. We see that a secularist can be as much a fanatic who is willing to denounce heresy and impose his will through violence as any religionist.