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Category Archive for 'Price Controls'

I’ve gone 30 days without tuning into news, so I missed this report when it originally aired on 60 minutes. Proponents of minimum and living wage increases often point to the fact that the cost of living is high in many cities, so that the “low” level of the minimum wage (currently $7.25 per hour) […]

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Here’s another twisty pretzel anti-market zealots get themselves caught in. Many “progressives” are ardent supporters of anti-trust policy. One part of anti-trust policy is that firms can be doing a “bad thing” by offering prices to the consumers that are “too low.” You read that correctly. So not only (as we have explored in earlier […]

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The economic reasoning behind why rules like the minimum wage or living wage laws are not so helpful is irrefutably solid. But no amount of sound economic thinking seems to work for my students, and that certainly also applies to popular notions of the way the world works. In times like those, perhaps it is […]

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The Vaccine Police

Worst Economic Reasoning, Ever. These are the sorts of folks that think they know best how to run your economic lives. The two most egregious points are these: (1) We really are hoping people go on the honor system and let us immunize people in the priority groups,” Southern Nevada Health District spokeswoman Stephanie Bethel […]

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Recession or Rent Control?

I am a female in my mid 60’s and I am looking for a room mate. Times are tight and I need some extra money. I am willing to rent out my bathroom in my 1 bedroom east village home.My bathroom is large. You can easily put a twin air mattress in there. I only […]

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Choking on the Big Apple

Last year, the Summer Youth Employment Program (SYEP) in New York City had to turn away nearly 30,000 applications for summer jobs, mostly black and Latino kids. Why? The Wall Street Journal Reports: “The higher state minimum wage that went into effect in 2005,” writes author David Jason Fischer, “added to the challenge of funding […]

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The Minimum Wage Charade

Incoming House Speaker Nancy Pelosi is promising to enact legislation to increase the federal minimum wage from $5.15 to $7.25 per hour within the first 100 hours of the convening of the 110 th Congress on January 4. It would mark the first increase in the minimum wage since 1997 and the twentieth since the […]

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