Maximum Confusion over Minimum Wages
Given that we have rising unemployment, a reduction in minimum-wage rates might bring relief to some unemployed workers.
Given that we have rising unemployment, a reduction in minimum-wage rates might bring relief to some unemployed workers.
"The marginal cost of downloads is approaching zero. The access is approaching universal. The capacity for copying is infinite. And the results are everlasting."
Today, the main response to ill-effects of past interventions seems to be to create even greater ones.
Fiat money takes this power out of his hands. The consequence is a greater tendency for capital to be wasted.
Williamson urged me to follow my passions, not to follow the crowd.