The revered economist’s latest book, ‘Discrimination and Disparities,’ takes a look at the high cost of misguided policies aimed at achieving social justice.
Minimum wage supporters tend to observe the direct and immediate consequences of their idea, but they do not bother to think through the indirect and longer-term consequences.
When those paid to be well-informed are uninformed, small wonder mischaracterizations of conservative ideas pervade public discourse.
Sheltering inefficient work—like Sam’s bread business—prevents workers like Sam from finding and developing a skill set that the economy needs.
Work and value-adding production make an economy prosper, and eliminating disincentives to doing so, such as high taxation and regulatory burdens, stimulates growth.
Women don’t have to work to support their families, houses are not more expensive, college costs aren’t related to wage decreases, and wages have not stagnated since the 1970s.
The growing hysteria surrounding economic disparities does reveal a real problem, which is the reduced aim of our society from virtue to material abundance.
Just because our rights are secured by government, it does not follow that they must be provided by government.
Today’s political debates veer between extremes of freedom and equality, ignoring that both ought to be subject to something better: our society’s pursuit of doing what’s right, together.
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