Economic Rhetoric vs. Economic Reality Minimum Wage and Unions When Los Angeles voted to increase its minimum wage from US$9 an hour to US$15 an hour by 2020, it was touted as a ...
Quote of the Day (April 9th, 2015): Thomas Sowell on the Minimum Wage Today's quote comes from the great economist Thomas Sowell about the minimum wage. The following quote was taken from his book Basic Ec...
Links of the Day (April 9th, 2015) It is always quite odd to see the New York Times post something that makes sense in their op-ed pages: The Real Reason College Tuition Costs...
Distorting Reality Part 1: Confirmation Bias In his magnum opus, History of Economic Analysis , the great economist Joseph Schumpeter said that the first thing a man will do for his id...
Politics: Don't hate the player, hate the game. More often than not, I criticize politicians; regardless of which end of the political spectrum that they are on, though admittedly for diff...