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from Mises Institute
RIGHT-CENTER BIAS, MIXED
Outlawing Jobs: The Minimum Wage
There is no clearer demonstration of the essential identity of the two political parties than their position on the minimum wage. The Democrats proposed to raise the legal minimum wage from $3.35 an hour, to which it had been raised by the Reagan administration during its allegedly free-market salad days in 1981. The Republican counter was to allow a "subminimum" wage for teenagers, who, as marginal workers, are the ones who are indeed hardest hit by any legal minimum. This stand was quickly modified by the Republicans in Congress, who proceeded to argue for a teenage subminimum that would last only a piddling 90 days, after which the rate would rise to the higher Democratic minimum (of $4.55 an hour.) It was left, ironically enough, for Senator Edward Kennedy to point out the ludicrous economic effect of this proposal: to induce employers to hire teenagers and then fire them after 89 days, to rehire others the day after.
Can Cooperation Replace Competition?
It has often been stated, and even more frequently implied, that we should choose to cooperate rather than compete in society. For instance, FDR said “Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.” Bertrand Russell expressed it even more sharply when he said, “The only thing that will redeem mankind is cooperation.” However, such statements incorporate a false understanding of competition and cooperation in society as either-or choices, rather than recognizing that many supposedly cooperative ventures actually reduce overall social cooperation, while market competition is the peaceful process that leads to better cooperative results than are otherwise achievable. Competition and cooperation and not two things in conflict. They are both essential ingredients in a society based on voluntary action instead of violence.
Want More Investment and Entrepreneurship? Protect Private Property
The principles of economic thought tells us that investments would flow to places with less capital accumulation, the reason being is that there would be less competition, thus a higher rate of return on investments. Indeed, as Adam Smith noted in the Wealth of Nations, capital accumulation would be the inevitable hindrance to economic growth.
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from Psephizo Blog
The impact of transgenderism on young people
What follows is a 7,700-word summary and review of a book critiquing transgender ideology from an eclectic number of feminist, queer, disability, and psychoanalytic authors. It is a riveting read, one of the most illuminating and thought-provoking things I’ve read for a while, necessary for anyone wrestling with what transgenderism is and how to care for people with gender dysphoria. For a short summary, see the conclusion with my takeaway and my questions for the editors.
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from The Spokesman-Review
Newspaper in Spokane, Washington
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The Tiananmen Mothers Never Forget
The Communist Party can’t erase their loved ones from history. The Tiananmen Mothers call it the “June Fourth Massacre.” That’s the day, 30 years ago, when the Chinese Communist Party murdered their sons and daughters in Tiananmen Square.
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from The Wall Street Journal
The Tiananmen Mothers Never Forget
The Communist Party can’t erase their loved ones from history. The Tiananmen Mothers call it the “June Fourth Massacre.” That’s the day, 30 years ago, when the Chinese Communist Party murdered their sons and daughters in Tiananmen Square.
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