by Walker Mulley | Price Controls
San Diego won a major victory in its bid to deregulate taxicabs. A California superior court judge ruled against a group of taxi companies seeking to prevent the city from issuing any new taxi permits. IJ intervened in the case to represent two taxi drivers who simply...
by Walter Williams | Economics, Price Controls
Claude Frederic Bastiat (1801-50) — a French classical liberal theorist, political economist and member of the French National Assembly — wrote an influential essay titled “That Which Is Seen and That Which Is Not Seen.” Bastiat argued that...
by Walter Williams | Price Controls
Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled “Does a minimum wage raise hurt workers? Economists say: We don’t know.” Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at...
by Keith Weiner | Economics, MARKETS, Money and Banking, Price Controls
I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline of a currency can be...
by Keith Weiner | Business, MARKETS, Price Controls
“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes....
by Walter Williams | Price Controls
Californians are experiencing their third year of drought. Headlines read: “Current California Drought Is Driest In State’s History; Scientists Fear ‘Megadroughts’ On Their Way.” “Global Warming Upped Heat Driving California’s...
