As explained by public intellectuals such as Milton Friedman, Johan Norberg, John Stossel, and Orphe Divougny, the argument against minimum wage requirements is very simple. If
politicians dictate that people can’t be employed unless they receive,
say, $15 per hour, then workers who are worth less than than amount
(because of low skills, no experience, etc) won’t get hired. And if a worker is worth $17 per hour and a government now says that
worker must get $20 per hour, that’s a recipe for getting laid off. Which is exactly what is happening in California. Here are some excerpts from a Wall Street Journal editorial........To Read More....
Milei's Best Proposal? - December 30, 2023 by Dan Mitchell - I sometimes joke about living in a libertarian fantasy world, maybe even a libertarian nation with a libertarian anthem. Amazingly, that is basically what Argentina’s new president, Javier Milei, is trying to create. At least the libertarian nation part. He has all sorts of proposals that I like, including smaller government, deregulation, and free trade. But Articulo 209 is my favorite. He wants to prohibit the government from saying that goodies from the government are “free.” Here’s a tweet describing his proposal................
The Best and Worst News of 2023 - December 31, 2023 by Dan Mitchell - Time for the annual “best and worst” column, which has been a long-standing tradition (2022, 2021, 2020, 2019, 2018, etc). We actually saw some major good news in 2023. Here are my top 3 developments.
President Milei in Argentina – The most important election of the year took place in the long-suffering nation of Argentina, which amazingly elected a hard-core libertarian in its presidential election.
School choice revolution – The past few years have been great for education policy, with state after state adopting some form of universal or near-universal school choice.
Landslide victory for TABOR in Colorado – If Milei’s victory was the best global election news of 2023, the defeat of Proposition HH was the best domestic election news of the year. Pro-spending lobbies have repeatedly tried to get rid of the TABOR spending cap.
Honorable mention goes to the state tax-cutting wave.............
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