Tag Archives: Unemployment

Murray Rothbard – On John Maynard Keynes

Advertisements

Walter E. Williams – Minimum Wage as a Racist Tool

This is great.

Without the minimum wage, in South Africa, whites would only work for, say, $5 an hour while blacks would work for $1 an hour. Even if the employer is a racist, it would actually cost him to be a racist: it would cost him $4 an hour PER employee. But with a minimum wage law, it doesn’t cost him to be a racist, so he’ll just hire all white workers. This is fantastic stuff.

Walter E. Williams – Good Intentions

John Stossel – Good Intentions Gone Wrong: Work Regulations, Welfare, Education, FDA

This is a great explanation of why unemployment is so high.