Economics & Political Systems

Raising the Minimum Wage

Good intentions, when guided by error and ignorance, may have undesirable consequences. There is no better example than minimum wage legislation. It means to raise the wages and improve the living conditions of poor workers but actually condemns many to … Continue reading


In a speech during the primaries, John Kerry called companies that outsource “Benedict Arnold” companies. If Benedict Arnold would have had his way, he would have denied Americans what they, and all of mankind throughout history, have sought—freedom—the unalienable rights … Continue reading

Kerry, Command and Control?

With the economy improving, hurricane winds blowing, and discussions about national health care on sick leave, it is fair to suggest that the coming debates between President Bush and Senator Kerry will focus on leadership.  Bush can run on his … Continue reading

Kerry in Full Bloom

The bankruptcy of the activist view of government is in full bloom again, thanks to the John Kerry campaign. For starters, Kerry promised to raise the minimum wage. Even if Kerry is an Economics 101 dropout, one would think that … Continue reading