Business as usual

Bonus Quotation of the Day…

… is from page 58 of my late, great colleague Walter Williams’s 2011 book, Race & Economics (original emphasis): The real problem is that workers are not wo much underpaid as they are under-skilled. And the real task is to help those people become skilled. […]

Some Non-Covid Links

George Will rightly decries the U.S. government’s unprecedented peacetime fiscal diarrhea. A slice: [Brian] Riedl, a student of ancient (or so it suddenly seems) U.S. fiscal history, remembers that the 2009 stimulus included a $25 addition to weekly unemployment checks. In 2020, Democrats wanted $600 […]

David Henderson on the Economics and Ethics of Lockdowns

Last Friday, David Henderson – in this lecture – offered an economic and ethical case against lockdowns. Comments Original Article

Some Covid Links

Neville Hodgkinson accurately observes that “the Orwellian flavour of our current experience is unmistakable.” A slice: As for the intoxication of power: Boris, Matt Hancock and their cronies – and similar teams in many other countries – seem to me to be taking far too […]

Quotation of the Day…

… is from pages 48-49 of Thomas Sowell’s August 4, 2001, column, “Minimum Journalism Evident in Wage Story,” as this column is reprinted (and renamed as “Minimum Journalism”) in Sowell’s 2002 collection, Controversial Essays: The minimum wage law is very cleverly misnamed. The real minimum […]

Thomas Sowell on the Vision of the Anointed

In this 1995 interview with Ben Wattenberg, Thomas Sowell discusses the thesis of his then-new book, The Vision of the Anointed: Comments Original Article

Some Non-Covid Links

Inspired by my late, great colleague and dear friend Walter Williams, my intrepid Mercatus Center colleague Veronique de Rugy wisely counsels that we keep an eye on the many negative effects, on low-skilled workers, of minimum-wage diktats. A slice: Workers who didn’t have a job […]

Bonus Quotation of the Day…

… is from page 2 of Thomas Sowell’s slim yet significant 1981 volume, Markets and Minorities: A mere jumble of beliefs and facts is not theory or hypothesis-testing. It is possible to select – in retrospect – facts consistent with almost any belief. Comments Original […]

Again, Put Your Money Where Your Mouth Is or Shut Your Mouth Up

This young economics major is confident that the case against raising the minimum wage is (his words) “elitist apologetics”: Mr. A___: Continuing to make the case for raising the national hourly minimum wage to $15, you assert – in response to my last letter – […]

Some Covid Links

Dan Hannan laments the destruction of the liberal order now in full swing. A slice: “Free trade, the greatest blessing a government can bestow on a people, is in almost every country unpopular”, wrote Lord Macaulay in 1824. Since then, average global incomes have risen, […]