Wage Price Fixing

from Carpe Diem and Mark Perry, a simple and effective analogy on the minimum wage, What economic lessons can we learn about the $15 minimum wage law from an ‘$8 per pound minimum beef price law’? Economist Walter E. Williams has used the following example to...

A Last Opportunity Denied

From Townhall Walter Williams writes The True Black Tragedy excerpts: The minimum wage law and other labor regulations have cut off the bottom rungs of the economic ladder. Put yourself in the place of an employer, and ask: If I must pay $7.25 an hour — plus...

Poverty Pathology

From Townhall Walter Williams writes The True Black Tragedy excerpts: Today the overwhelming majority of black children are raised in single female-headed families. As early as the 1880s, three-quarters of black families were two-parent. In 1925 New York City, 85...

The Climate Ruse

In Townhall Walter Williams writes Global Warming excerpts: Climate change predictions have been wrong for decades. Let’s look at some. At the first Earth Day celebration, in 1969, environmentalist Nigel Calder warned, “The threat of a new ice age must now...