Advocacy of any minimum wage is predicated on the economic ignorance that every employee’s value is worth at least that minimum. I was thinking on the drive home that a $15 minimum wage would apply to the two imbeciles who wasted my time this morning.
Tag: economics
A Vaccine Against Orwellian Superstition
If there is one lesson that everyone should learn from studying even the most elementary economics, and if there is one major intellectual gift that sound economists gave humanity, then it is precisely this vaccine against Orwellian superstition, according to which destruction contains any productive value.
Suit, Robe, or Uniform: Does it Matter What Criminals Wear?
My bias aside, we shouldn’t believe that all business people strictly follow free market principles. Perhaps, even, most of them don’t. Who knows? What I do know is that every single person is capable of behaving in ways contrary to voluntaryism, and a strong majority of us have at some point in our lives.
In U.S. Universities, a Divorce Is Needed
If the worthwhile parts of the U.S. universities are to continue to thrive, or even to survive as serious endeavors, it would seem that a parting of the ways must come. The STEM fields must separate themselves from the bullshit parts of the universities. The latter can then go their own way to fester in their nonsense until the general public awakens to the need to cease supporting such activities altogether.
How I Changed My Mind on Intellectual Property
I’d been solidly libertarian for many years the first time I gave thought to “intellectual property” (copyrights and patents) at all. Someone mentioned the protection of property, including intellectual property, as the root of prosperity and freedom. I agreed without hesitation. It just seemed to make sense.
My Kid Learned More from Mario Maker than I Did from a Marketing Major
So my son builds these levels on the WiiU game Mario Maker. He’s posted some of his favorites to the network so others can play them and, if they like them, give them a star. He checked in the other night only to find two of his favorite creations had been removed from the network because they did not get enough stars in a given time span. Here comes the pain. And the learning.
We Are the Economy They Want to Regulate
The question is not whether the market should be regulated, but who should regulate it. And the only two choices are: 1) market participants through the exercise of their free and peaceful choices or 2) politicians and bureaucrats relying on the threat of violence to impose their will.
Fawning Over a Corporation to Protect Us from Corporations
It’s always struck me as extremely odd that leftists fawn over using government to protect us from corporations. What do they think the government is? The fawning is quite indicative of their ignorance in at least ten ways.
Jobless Claims Rose Last Week, Cries the WSJ
In any event, unemployment is voluntary. There are thousands of available jobs in every market, but a person chooses to either work for less than they’re used to working, stop working, or to suckle at the teat of government. It’s all trade offs.
Leftist Narratives vs. Leftist Principles
The left doesn’t have principles, they have narratives. They only stand up for principles when it serves their narrative. This isn’t a new phenomenon either. The left’s primary narrative is that there are some scary powerful people maliciously oppressing victims.