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domingo, 18 de febrero de 2018

Why Do We Keep Rewarding the State for Its Incompetence?

Foundation for Economic Education

Bastiat Knew the Proper Limits of
Government Force


by Frank Hollenbeck

The problem with legal plunder is that it creates hatred and discord and eats at the very fabric of society.

IF YOU DON’T VIOLATE THE LIFE, LIBERTY, OR PROPERTY OF SOMEONE ELSE, YOU SHOULD NOT SEE THE ARM OF THE LAW



Americans Are Voting with Their Feet for
Economic Freedom


by Mark J. Perry

Who’d a-thunk it? Americans vote with their feet because they value jobs, economic freedom and prosperity, entrepreneurship, lower taxes, and less government over the opposite?


ACCORDING TO INTERSTATE MIGRATION PATTERNS, PEOPLE TEND TO PREFER LOWER TAXES AND LESS BUREAUCRACY



Why Do We Keep Rewarding the State
for Its Incompetence?

by Gary M. Galles

“If in…personal affairs, where all the conditions of the case were known to me, I have so often miscalculated, how much oftener shall I miscalculate in political affairs, where the conditions are too numerous, too widespread, too complex, too obscure to be understood…I am struck with the incompetence of my intellect to prescribe for society.”


WE ARE FLOUTING BOTH ANCIENT AND MODERN WISDOM



The Minimum Wage Harms Workers and
Is Anti-Freedom


by Richard M. Ebeling

Who shall have the right to decide the terms and conditions people will have to enter gainful employment? Shall it be the individuals who are directly affected by these laws who decide what an acceptable wage is, given their own skill set and the market opportunities they find? Shall it be the prospective employers who offer work to others based on their market-based estimate of the potential value-added of a possible employee? Or shall it be the politicians and bureaucrats, pressured by various interest groups with their own motives for asserting a right to dictate and determine the wage at which individuals who they personally know nothing about will be allowed to find a job?

WHEN THE GOVERNMENT IMPOSES A LEGAL MINIMUM HOURLY WAGE ABOVE THE WAGE CURRENTLY PREVAILING FOR VARIOUS TYPES OF LABOR SERVICES, THE LAW NECESSARILY THREATENS THE EMPLOYMENT OF ANY AND ALL WORKERS WHOSE ESTIMATED VALUE-ADDED IS NOW LESS THAN THE MANDATED LEGAL MINIMUM WAGE


Trump’s Economic Policy Is a Mixed Bag


by Chris Baecker

Some Trump supporters I know claim that the president threatens extreme actions, like pulling out of the North American Free Trade Agreement, merely as leverage in negotiations. As one who longs for the day when tax reform talks begin at a zero-deductions-single-rate structure, I can appreciate that. Just as with border security, few would argue against stricter enforcement of the rules and more reciprocal treatment in trade relations/deals.

But their rhetoric and actions have been baffling thus far.

THERE'S GOOD AND BAD TO BE FOUND IN THE INCONSISTENT MISHMASH OF THE POTUS ECONOMIC POLICY



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