economics

Dr. Rizzo Asks Some Minimum-Wage Questions

Dr. Rizzo asks some provocative and frankly uncomfortable questions. Definitely read the entire thing. In fact, check his site out every week, always thought-provoking material. Raise the Minimum Wage, Raise it Now: “Suppose you know someone that, rather than working…

“Pretty Much Everyone”

I find it hard to swallow this line of reasoning … that a higher minimum wage is good for employers automatically. And that they’re too stupid to do it on their own. Also, there’s one group missing from the “pretty…

Coffee & Pencils

This fun story has been making the rounds. I Drank a Cup of Hot Coffee That Was Overnighted Across the Country – The Atlantic: “Last week, Thermos overnighted me a cup of hot coffee from Minneapolis to Washington, D.C., to…

Some Quick Econ Videos

These are excellent. Brief and clear. Trade is important. Markets matter. Buy-local is foolish and backward. Ep. 1 of 5 – The Hockey Stick of Human Prosperity – YouTube Ep. 2 of 5 – Division of Labor: Burgers and Ships…

It’s not à la carte menu, Comcast edition

I’m sure that by now you’ve seen this story floating around, about the guy who can’t get Comcast to cancel his service. This is a solid point. Here’s why your Comcast rep is yelling at you – The Verge: “It’d…

Two on Inefficiency and Waste

The first reminds of the classic “If You’re Paying, I’ll Have Top Sirloin.” How Valuable Is a Federal Grant? – The Beacon: “But what if the project’s organizers had decided that accepting the grant would have imposed costs of only…

It’s The Structure, Not The People

Switching the people in charge won’t change much. The column from G.H. Reynolds is outstanding top to bottom, definitely click through. VA scandal exposes greedy socialism: Column: “And that captures an important point. People sometimes think that government or “nonprofit”…

Two On This Picketty Business

This book has been like throwing meet to wolves in this country. It’s exactly what some people needed/wanted to hear. Don’t get too bogged down in the facts, it’s the story that’s important. A few days ago Dr. Steve Horwitz…